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8400 Oak Grove Road, Fort W...

MDH Partners Acquires Industrial Property In Fort Worth From Bandera Ventures & Invesco Real Estate
SOLDIndustrial

MDH Partners Acquires Industrial Property In Fort Worth From Bandera Ventures & Invesco Real Estate

8400 Oak Grove Road, Fort Worth, TX, USA

Building Size

954,611 SF

Asset Type

Industrial

Closing

Nov 22, 2021

AI

An industrial property located at 8400 Oak Grove Road and 1401 Everman Parkway in Fort Worth has been sold. The property spans approximately 954,611 square feet. The sale took place on November 22, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 8400 Oak Grove Road, 1401 Everman Parkway
  • Market: Fort Worth
  • Square Footage: 954,611

The buyer for this transaction is MDH Partners, represented by Georga Rowe. The seller is Bandera Ventures and Invesco Real Estate. J. Scott Moore from CBRE acted as the buyer's representative, while JLL served as the seller's representative.

Players

J. Scott Moore

CBRE

Broker

3 deals

Broker
MDH Partners
MDH PartnersBrokerage

Georga Rowe

MDH Partners

Buyer

$112.3M

vol

2 deals

Buyer
Invesco Real Estate
Invesco Real EstateSeller
Invesco Real Estate
Invesco Real EstateLender

Fort Worth Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93