Kairoi Residential Acquires Land In Fort Worth Stockyards From Niles City Resort & Ltd With Broker Wes Mugarian - Dodson Commercial Real Estate
601 East Exchange Avenue
Building Size
883,530 SF
Asset Type
Land
Closing
Aug 10, 2022
About this deal
AI
The recently closed property transaction is located at 400, 411, 415 & 601 E. Exchange Ave. in the Fort Worth Stockyards market. The asset involved in this transaction is a land with a total size of 19.25 acres or approximately 838,530 square feet.
Summary of transation details
- Property Type: Land
- Transaction Amount: Not mentioned in the CONTEXT
- Buyer: Kairoi Residential
- Seller: Niles City Resort & Ltd
- Broker: Wes Mugarian - Dodson Commerical Real Estate
Kairoi Residential acquired the property from Niles City Resort & Ltd in this transaction. Wes Mugarian from Dodson Commerical Real Estate represented the buyer in the deal.
Fort Worth Land Market Snapshot
Boundary boundary · Land · 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