Fort Worth Alliance – IOS
- 13053 Gateway Alliance Drive, Fort Worth, TX 76244
- Property Type:
- Multi Tenant
- Square Feet:
- 27,910 sqft
- Lot Size:
- 19.56 Gross Acreage | 14.04 Net Acreage
- Price Per Square Foot:
- $10.08 Gross Acreage | $15.04 Net Acreage
- Year Built:
- Five-Building 27,910-Square-Foot Flex Asset with 8.6 Acres of Usable IOS
- Vacancy and Expiring Lease Offers Lease-Up and Owner-User Opportunity
- Emerging IOS Market Valued at $200 Billion with 30% Rent Growth in Recent Years
- Close Proximity to World’s First Industrial Airport and Largest Business Park in North Texas
- Located in High-Growth Submarket with 8.8% Rent Growth
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 13053 Gateway Alliance Drive in Fort Worth, Texas. The subject property consists of approximately 27,910 square feet of flex space and is situated on 19.56 acres of land. The five-building asset features a combined 13,074 square feet of warehouse space, 14,836 square feet of office space, and 13 grade-level doors. Only 5,858 square feet is occupied by City Electric Supply. With an estimated 8.6 acres of usable land for industrial outdoor storage (IOS), the property has a building coverage ratio of just 7.5 percent. IOS is an emerging market with an estimated value of $200 billion across the nation. According to a report by Marcus & Millichap, IOS properties outperformed the overall industrial market thanks to its limited supply that is restricted by municipal policies. During the recent industrial boom, the vacancy rate for IOS properties declined below 3.0 percent in 2022 as market rents increased by 30 percent from the end of 2019 (Bisnow).
The subject property is primely situated in the Northeast Tarrant/Alliance submarket. As one of Dallas-Fort Worth’s primary industrial nodes, the submarket contains a massive 84.2 million square feet of industrial space. The submarket is home to Perot Field Fort Worth Alliance Airport, the nation’s first airport designated for industrial use that serves as a main hub for air cargo carriers such as FedEx and Amazon. Alliance Airport is part of the largest business park in North Texas, Alliance Texas, a 27,000-acre master-planned mix-use community developed by Hillwood, a subsidiary of the Perot Company.
The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with an aggregate of more than 7.7 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 919 thousand 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.