Texas Orthopaedic Associates Fort Worth PLLC & Vaquero Ventures Acquire Medical Office Building On Altamesa Blvd In Fort Worth
5900 Altamesa Boulevard, Fort Worth, TX 76132, USA
Building Size
43,397 SF
Asset Type
Office
Closing
May 24, 2020
About this deal
AI
A medical office building located at 5900 Altamesa Blvd in Fort Worth has been sold in a recent transaction. The property spans 43,397 square feet and is classified as a medical office asset. The sale took place on 05/24/2021.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 5900 Altamesa Blvd
- Market: Fort Worth
- Square footage: 43,397
The seller of the property is USMD Hospital at Fort Worth LP, represented by Richard C. Johnston and Josh Hardy. On the other hand, the buyer is Texas Orthopaedic Associates Fort Worth PLLC & Vaquero Ventures. The transaction was facilitated by brokers Bill Behr and Jim Sager from Tranwestern.
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