Colliers Arranges Sale Of 54K SF Office Complex On 17.2-acre Site In Fort Worth With Cody Payne & Austin Edelmon Representing Buyer And Seller
12600 Willow Springs Rd Haslet, TX 76052, USA
Building Size
54,000 SF
Asset Type
Office
Closing
Aug 11, 2023
AI
An office complex spanning 54,000 square feet on a 17.2-acre site at 12600 Willow Springs Road in Fort Worth has been sold. Cody Payne and Austin Edelmon, both brokers from Colliers, facilitated the transaction. The property was acquired by an anonymous private investor, with Payne and Edelmon representing both the buyer and the seller.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 54,000
- Address: 12600 Willow Springs Road
- Market: Fort Worth
Colliers, through brokers Cody Payne and Austin Edelmon, orchestrated the sale of a 54,000 square foot office complex situated on a 17.2-acre parcel of land at 12600 Willow Springs Road in Fort Worth. The buyer, an anonymous private investor, enlisted Payne and Edelmon as their representatives in the deal. Meanwhile, the seller was also represented by the same Colliers team. No further details regarding the transaction amount were disclosed in the provided information.
Players
Haslet Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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