California-based Investor Acquires Fort Worth Industrial Property For $18,561

An 18,561-square-foot industrial property located at 490 Carey St. in Fort Worth, Texas has been sold by Mohr Capital. The property was developed in 2018 for HERC Rentals, with 13 years remaining on its triple-net lease at the time of sale. Zach Harris and Brad Pepin of Stan Johnson Co. represented Mohr Capital in the transaction. The asset was purchased by a California-based investor via a 1031 exchange, although the purchase price remains undisclosed.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18,561.00
• Address: Carey St, Fort Worth, TX, 76119
• Market: Fort Worth
• Seller's Rep: Zachary (Zach) Harrison (Compass)
• Buyer: Unknown

The sale of the industrial property in Fort Worth was facilitated by Zach Harris and Brad Pepin of Stan Johnson Co, representing Mohr Capital in the deal. The involvement of a California-based investor who acquired the property through a 1031 exchange adds an interesting dynamic to this transaction, enhancing the diverse regional investment landscape.