Marcus & Millichap is pleased to present the opportunity to acquire the portfolio located at 120, 128, and 133 Coin Street in Fort Worth, Texas, anchored by AC Services. The subject portfolio consists of approximately 18,280 square feet of industrial space and is situated on 1.43 acres of land. The three-building asset features clear heights of 12’ and 14’, six grade-level doors, and metal construction. With a building coverage ratio of 29 percent, the portfolio has ample industrial outdoor storage space (IOS). Located along Interstate 35 West, the asset is well-positioned 12 miles south of Downtown Fort Worth. The portfolio is fully occupied on month-to-month leases at a below-market rate of $3.61 per square foot, creating a value-add investment opportunity.
The portfolio sits within South Central Tarrant County, a large submarket containing 43 million square feet of industrial space. In the 12 months toward the end of Q2 2025, net absorption stood at nearly 1.5 million square feet, matching its annual average over the last decade. Over the last year, net deliveries in the submarket essentially matched demand with about 1.6 million square feet. As a result, the vacancy rate during that time remained relatively stable at 8.6 percent. Despite vacancies stabilizing, annual rent growth in the submarket continued to decelerate to 2.9 percent in Q2, down -5.2 percentage points year-over-year. The average market rent stood at about $8.20 per square foot in Q2, nearly double the level seen 10 years ago. With 1.7 million square feet of industrial space under construction in South Central Tarrant County, all of which is concentrated in properties over 50,000 square feet, supply will factor into vacancies and rent growth for at least the foreseeable future (CoStar).
The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with a total of 8.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with nearly 980,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metro’s numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub (Marcus & Millichap).
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0060051)
