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
About this deal
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.
On the Map
Office
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Players
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