LFP Properties Acquires 6.51 Acres Of Land In Fort Worth From 820 & Sandy Brook LLC
601 NE Loop 820, Fort Worth, Texas 76131, United States
Building Size
—
Asset Type
Land
Closing
Dec 19, 2022
About this deal
AI
A 6.51-acre land located at 601 E. Loop 820 in Fort Worth, Texas, has been sold in a recent transaction. The sale was completed on December 19, 2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: 601 E. Loop 820, Fort Worth, Texas
- Market: Fort Worth
The buyer of the property is LFP Properties, while the seller is 820 & Sandy Brook LLC. Representing the buyer in this transaction is Erik Blais from Bradford Commercial Real Estate Services. On the other side, Barrett England from Vision Commercial RE DFW LLC acted as the seller's representative.
On the Map
Land
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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