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Warehouse

Industrial Investment | Adjacent - Ft. Worth Meacham International Airport

3618 N Grove St, Fort Worth, TX 76106

Listing Price: $729,000

Cap Rate
8.21%
Lot Size
1.29 acres
Year Built
1964
Rentable SF
10,497

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an industrial facility, with a GLA of 10,497 SF a nd 9 parcels totaling 1.29 acres or 56,192 SF, located in Fort Worth, Texas. Current tenants include a Transmission Shop, Satellite Box, and Towing Company, all tenants are on modified gross leases. The Transmission Shop and Towing Company leases expire in 2022 and Satellite Box and Towing Company have personal guarantees. Satellite Box lease expires in 2023. The Transmission Shop has 15 Ft ceiling height and Satellite Box has 8 Ft clearance. Tenants are paying below-market rents, there is value-add upside in re-tenanting to achieve market rents. Located in an opportunity zone, adjacent to the Fort Worth Meacham International Airport; this property is ideal for an Owner User, or possible redevelopments, such as Industrial Warehouse - Storage/Distribution. There is also a Value-add component for an investor to re-tenant at market rents in 1-2 Years, proforma at $7 SF - $8 SF, full build-out.

Investment Highlights

  • In place income with 4 tenants paying below-market rents
  • Contiguous 9 lots totaling nearly the entire block
  • Located adjacent to Fort Worth Meacham International Airport
  • Value-Add $7-$8 Proforma Rents or Great Owner User Potential
  • Located in an Opportunity Zone - Possible Redevelopments, Industrial Warehouse - Storage/Distribution

Exclusively Listed By

Financing By

Warehouse

Industrial Investment | Adjacent - Ft. Worth Meacham International Airport

Listing Price: $729,000

Cap Rate
8.21%
Lot Size
1.29 acres
Year Built
1964
Rentable SF
10,497

Investment Highlights

  • In place income with 4 tenants paying below-market rents
  • Contiguous 9 lots totaling nearly the entire block
  • Located adjacent to Fort Worth Meacham International Airport
  • Value-Add $7-$8 Proforma Rents or Great Owner User Potential
  • Located in an Opportunity Zone - Possible Redevelopments, Industrial Warehouse - Storage/Distribution

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an industrial facility, with a GLA of 10,497 SF a nd 9 parcels totaling 1.29 acres or 56,192 SF, located in Fort Worth, Texas. Current tenants include a Transmission Shop, Satellite Box, and Towing Company, all tenants are on modified gross leases. The Transmission Shop and Towing Company leases expire in 2022 and Satellite Box and Towing Company have personal guarantees. Satellite Box lease expires in 2023. The Transmission Shop has 15 Ft ceiling height and Satellite Box has 8 Ft clearance. Tenants are paying below-market rents, there is value-add upside in re-tenanting to achieve market rents. Located in an opportunity zone, adjacent to the Fort Worth Meacham International Airport; this property is ideal for an Owner User, or possible redevelopments, such as Industrial Warehouse - Storage/Distribution. There is also a Value-add component for an investor to re-tenant at market rents in 1-2 Years, proforma at $7 SF - $8 SF, full build-out.

Exclusively Listed By

Financing By

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