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Don T-Cates, Forney, TX, USA

ITO EN INC (North America) Acquires Industrial Property In Forney
SOLDIndustrial

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

Adam Jones

Stream Realty Partners⁠

Broker

$33.6K

vol

9 deals

Broker

Forney 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