Ackerman & Co. Acquires 258,846 SF Industrial Property In Fort Worth From Cohen Asset Management
7339 Tower Street
Building Size
258,846 SF
Asset Type
Industrial
Closing
Jul 28, 2025
AI
The property asset involved in this transaction is the Midway Business Park, an industrial property located at 7339-7345, 7348-7354, 7426, 7427-7429, 7437-7445, 7436, 7450 Tower Street, 7451, 7427, 7431, 7336 & 7338-7360 Dogwood Park in Fort Worth, Texas. This asset encompasses a total square footage of 258,846 and was 91% leased to 29 tenants at the time of closing.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7339-7345, 7348-7354, 7426, 7427-7429, 7437-7445, 7436, 7450 Tower Street, 7451, 7427, 7431, 7336 & 7338-7360 Dogwood Park
- Market: Fort Worth
- Buyer: Ackerman & Co.
- Seller: Bradley Cohen - Cohen Asset Management
- Brokers: Jim Carpenter, Jud Clements, Robby Rieke, Trevor Berry & Emily Brandt - Cushman & Wakefield
Cushman & Wakefield acted as the representative for the seller, Cohen Asset Management, in this transaction. The deal involved key personnel, including Bradley Cohen from the seller's side and a team of five brokers from Cushman & Wakefield who facilitated the transaction.
Players
Richland Hills Industrial Market Snapshot
Boundary boundary · Industrial · 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