Updated Dec 21, 2023
Gault Co. And RTG Capital LLC Acquire 311,000 SF Industrial Property In Forney Industrial Park
Forney Industrial Park
Building Size
311,000 SF
Asset Type
Industrial
Closing
Jun 21, 2020
About this deal
AI
The Forney Industrial Park in Forney has recently been sold in a closed transaction. The industrial property spans 311,000 square feet and sits on 50 acres. The sale took place on June 21, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: Forney Industrial Park
- Market: Forney
- Square Footage: 311,000
- Acres: 50
The property was acquired by Gault Co., represented by Roger C. Gault, and RTG Capital LLC, represented by Robert T. Gunby. The deal was facilitated by Marcus & Millichap, the brokers involved in the transaction.
Players
Forney Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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