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3880 Hulen Street, Fort Wor...

FTW Investment Group Acquires 70,000 SF Office In Fort Worth, Texas
SOLDOffice

FTW Investment Group Acquires 70,000 SF Office In Fort Worth, Texas

3880 Hulen Street, Fort Worth, Texas 76107, United States

Building Size

70,000 SF

Asset Type

Office

Closing

Jul 11, 2022

AI

The office building located at 3880 Hulen St in Fort Worth, Texas has recently been sold. The property, spanning 70,000 square feet, was listed for sale and attracted the attention of various buyers in the market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 3880 Hulen St
  • Market: Fort Worth
  • Square Footage: 70,000

The buyer of this office building is FTW Investment Group, a prominent player in the real estate industry. Their representative in the deal was Gibson Duwe, Casey Tonget, and Theron Bryant from Transwestern, a reputable agency.

Players

Theron Bryant

Transwestern

Broker

3 deals

Broker

Fort Worth Office Market Snapshot

Boundary boundary · Office · 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