Victaulic Co. Acquires 213,581 Sq Ft Industrial Facility Near Alliance Airport In North Fort Worth
North Fort Worth
Building Size
213,581 SF
Asset Type
Industrial
Closing
Aug 24, 2023
AI
A 213,581 sq ft industrial facility in North Fort Worth, near Alliance Airport, has been sold to Pennsylvania's Victaulic Co. The warehouse, developed by Stonemont Financial Group, will be used for Victaulic Co.'s manufacturing and distribution operations within Texas. The property is part of a 29-acre business park.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Market: North Fort Worth
- Square Footage: 213,581
- Address: Near Alliance Airport & Interstate 35W
The buyers for this transaction are Victaulic Co., a company based in Pennsylvania. The brokers involved in the deal are Ann Jaggars and Tony Creme from KBC Advisors, as well as Trey Fricke from Lee & Associates.
Players
Alliance 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