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6500 W Vickery BLVD, Fort W...

Rowland Ventures Acquires Office At 6500 W Vickery Blvd In Fort Worth
SOLDOffice

Rowland Ventures Acquires Office At 6500 W Vickery Blvd In Fort Worth

6500 W Vickery BLVD, Fort Worth, TX...

Building Size

3,580 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

Located at 6500 W Vickery Blvd in Fort Worth, TX, the property involved in this transaction is an office building spanning 3,580 square feet. The buyers, Rowland Ventures, LLC, acquired the property from sellers Garrett and Bernard Whitney. The deal was facilitated by David Corley III of LanCarte Commercial representing the buyer, and Vic Meyer and Cullen Donohue of Stream Realty Partners representing the sellers.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Market: Fort Worth
  • Seller's Rep: Vic Meyer (Holt Lunsford Commercial)
  • Buyer: Rowland Ventures
  • SF: 3580

One of the key individuals involved in this transaction is Vic Meyer from Holt Lunsford Commercial, who represented the sellers in the deal. The buyers, Rowland Ventures, LLC, were represented by David Corley III of LanCarte Commercial. The exchange of this office property at 6500 W Vickery Blvd highlights the active commercial real estate market in the Fort Worth area.

Players

Vic Meyer

Holt Lunsford Commercial

Broker

7 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