Nick Jones Of Alakai Capital Acquires Industrial Asset In Fort Worth For $8.5M

The property involved in this transaction is an industrial asset located at 10011 Harmon Road & 10027 Harmon Road in Fort Worth, TX. The total sale price for this asset was $8,500,000, which translates to a purchase price per square foot of $101 for a total area of 84,000 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,500,000
• Square Footage: 84,000
• Address: 10011 Harmon Road & 10027 Harmon Road
• Market: Fort Worth, TX
• Buyer: Nick Jones - Alakai Capital
• Brokers: Guillermo de Nicolas & Talava Washington - Panther Capital Group

Nick Jones of Alakai Capital described this as their first investment in the Fort Worth market. The property was deemed appealing due to its central location in the Alliance Submarket and the low basis on the purchase. Alakai Capital is based in Central Florida and is known for specializing in industrial and retail assets, having acquired over 15 properties in the last year. They remain interested in expanding their portfolio within the Dallas/Fort Worth market and across Florida.