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Office

Gramercy Place 2

6825 Manhattan Blvd, Fort Worth, TX 76120

Listing Price: $1,380,000

Cap Rate
3.10%
Gross SF
19,924
Rentable SF
19,924
Price/Gross SF
$69.26
Lot Size
1.11 acres
Year Built
1983

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale Gramercy Place 2 located in Fort Worth, Texas. The property has approximately 19,924 square feet of rentable space and is 53 percent occupied. Gramercy Place 2 was built in 1983 and presents an investor or owner/user with a value-add opportunity to acquire an multi-tenant office building in Dallas/Fort Worth (DFW), the nation’s leading commercial market. With the Fort Worth submarket vacancy rate of 7.2 percent for general office, Fort Worth has seen a recent explosion in residential development and has an anticipated population growth over the coming years. The multi-tenant office building is conveniently located less than one mile from E Loop 820 and the Tom Landry Freeway, with excellent visibility and easy access to the property. The subject property benefits from strong demographics, serving a five-mile population of approximately 225,674 residents with a one-mile average household income exceeding $76,219.

Investment Highlights

  • Owner/User Or Value-Add Opportunity
  • Substantially Below Replacement Cost
  • Seller Reports New Roofs In 2022
  • Upside Through Leasing Up Vacant Space
  • Easy Access to Loop 820 & IH-30
  • Close Proximity to Downtown Fort Worth
  • Densely Populated Area with 225,674 Residents Within Five Miles

Exclusively Listed By

Listing Price: $1,380,000

Cap Rate
3.10%
Gross SF
19,924
Rentable SF
19,924
Price/Gross SF
$69.26
Lot Size
1.11 acres
Year Built
1983

Investment Highlights

  • Owner/User Or Value-Add Opportunity
  • Substantially Below Replacement Cost
  • Seller Reports New Roofs In 2022
  • Upside Through Leasing Up Vacant Space
  • Easy Access to Loop 820 & IH-30
  • Close Proximity to Downtown Fort Worth
  • Densely Populated Area with 225,674 Residents Within Five Miles

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale Gramercy Place 2 located in Fort Worth, Texas. The property has approximately 19,924 square feet of rentable space and is 53 percent occupied. Gramercy Place 2 was built in 1983 and presents an investor or owner/user with a value-add opportunity to acquire an multi-tenant office building in Dallas/Fort Worth (DFW), the nation’s leading commercial market. With the Fort Worth submarket vacancy rate of 7.2 percent for general office, Fort Worth has seen a recent explosion in residential development and has an anticipated population growth over the coming years. The multi-tenant office building is conveniently located less than one mile from E Loop 820 and the Tom Landry Freeway, with excellent visibility and easy access to the property. The subject property benefits from strong demographics, serving a five-mile population of approximately 225,674 residents with a one-mile average household income exceeding $76,219.

Exclusively Listed By

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