Updated Sep 11, 2026
Cohen Asset Management Acquires 920K SF Dallas Industrial Property With CBRE Brokers
3351 Balmorhea Dr Dallas, TX 75241, USA
Building Size
920,275 SF
Asset Type
Industrial
Closing
Jun 6, 2023
About this deal
AI
Investment firm Cohen Asset Management has acquired a 920,275-square-foot industrial property in South Dallas that serves as an Amazon fulfillment center. The sales price and the identity of the seller were not disclosed.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3351 Balmorhea Drive
- Market: Dallas
- Square Footage: 920,275
The deal was facilitated by the CBRE team consisting of Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne, and Eliza Bachhuber, who represented Cohen Asset Management in the transaction.
On the Map
Industrial
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Players
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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