ITO EN INC (North America) Acquires Industrial Property In Forney
Don T-Cates, Forney, TX, USA
Building Size
784,080 SF
Asset Type
Industrial
Closing
Sep 2, 2020
AI
An industrial property located at the intersection of Don T Cates Drive and FM548 in Forney has been sold. The property covers a total area of 784,080 square feet.
Summary of transaction details:
- Property Type: Industrial
- Sale Date: 09/03/2020
- Address: Don T Cates Drive & FM548, Forney
- Market: Forney
- Seller: Wurster Family Limited Partnership
- Buyer: ITO EN INC (North America)
- Seller's Representative: David English - Ridge Pointe Commercial Real Estate
- Buyer's Representatives: Ryan Boozer, Lena Pierce, Adam Jones, & Dominic DiOrio - Stream Realty Partners
- Square Footage: 784,080
The seller in this transaction was the Wurster Family Limited Partnership. Representing the seller was David English from Ridge Pointe Commercial Real Estate. On the buyer's side, ITO EN INC (North America) acquired the property, with their representatives being Ryan Boozer, Lena Pierce, Adam Jones, and Dominic DiOrio from Stream Realty Partners.
Players
Forney Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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