Office
Gramercy Place 2
6825 Manhattan Blvd, Fort Worth, TX 76120
Listing Price: $1,380,000
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.
Gramercy Place 2
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
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
