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200 Carroll St, Fort Worth,...

200 Carroll St
SOLDMixed-use

200 Carroll St

200 Carroll St, Fort Worth, TX, 76107

Building Size

98,000 SF

Asset Type

Mixed-use

Closing

Nov 19, 2023

AI

The Foundry District is a 98,000-square-foot mixed-use property located at 200 Carroll St, Fort Worth, TX, 76107, in the Fort Worth market. The property includes office, retail, and restaurant space, as well as showrooms and an art gallery. It was previously an industrial site that was acquired and redeveloped by M2G Ventures in 2015.

Summary of transaction details:

The transaction highlights the role of locally based developer M2G Ventures in the redevelopment of the site. The acquisition by Asana Partners was facilitated by Cushman & Wakefield's Chris Harden and Kris Von Hohn. The mixed-use design of the property aims to enhance the Cultural District of Fort Worth.

Players

Christian Harden

NAI Global

Broker

$16M

vol

6 deals

Broker
Asana Partners
Asana PartnersBuyer

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