Sanjay Chandra Of BlueAlpha Capital And Rory Maguire Of CHC Development Acquire Mercado Building In Fort Worth
1500 North Main Street
Building Size
52,983 SF
Asset Type
Mixed-use
Closing
Nov 5, 2025
About this deal
AI
The property asset involved in the transaction is a mixed-use facility located at 1500 North Main Street, Fort Worth. The asset encompasses a total area of 52,983 square feet and spans 1.24 acres. The property is referred to as the Mercado Building.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 1500 North Main Street
- Market: Fort Worth
- Square Footage: 52,983 SF
- Acres: 1.24
- Buyer: Sanjay Chandra - BlueAlpha Capital
- Buyer: Rory Maguire - CHC Development
- Joint Venture: Mercado Northside LLC
Sanjay Chandra, representing BlueAlpha Capital, and Rory Maguire, representing CHC Development, are the key individuals behind the acquisition of the Mercado Building. The partners intend to implement targeted renovations and new retail leasing to enhance the mixed-use property in the rapidly redeveloping Northside District of Fort Worth.
Players
Fort Worth Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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