Updated Mar 3, 2025
Foundry Commercial And Manulife Investment Management Acquire 6-Acre Industrial Site In Fort Worth
8800 South Freeway
Building Size
—
Asset Type
Industrial
Closing
Feb 28, 2025
About this deal
AI
The property asset involved in the transaction is a 6-acre industrial outdoor storage site located at 8800 South Freeway in Fort Worth. The firm Foundry Commercial, in partnership with Manulife Investment Management, is planning to develop a 5,200-square-foot service building on this site, which will be branded as Freeway Yards.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8800 South Freeway
- Market: Fort Worth
- Acres: 6
- Buyer: Paul Ellis - Foundry Commercial; Manulife Investment Management
Paul Ellis represents Foundry Commercial in the acquisition of the property, working alongside Manulife Investment Management to execute their development plans for the site.
On the Map
Industrial
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Players
Fort Worth 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