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:
- Property Type: Mixed-Use
- Transaction Amount: Not disclosed
- Address: 200 Carroll St, Fort Worth, TX, 76107
- Square Footage: 98,000
- Seller: M2G Ventures
- Buyer: Asana Partners
- Seller's Representatives: Kris Von Hohn - Cushman & Wakefield, Christian Harden - NAI Capital, Chris Harden - Cushman & Wakefield
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
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