Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4309 Broadway Avenue in Haltom City, Texas. The subject property consists of approximately 16,700 square feet of industrial space and is situated on 2.58 acres of land. The two-building asset features six suites, metal construction, a clear height of 16’, nine grade-level doors, a fenced-in lot, and ample parking space. With a building coverage ratio of 38 percent, the property also offers ample industrial outdoor storage space. With high visibility along Broadway Avenue, the property has proximate access to Interstate 35 West that feeds directly into Downtown Fort Worth. Occupied at 43 percent with month-to-month leases in place, this sale offers a lease-up investment opportunity with seller financing at favorable terms.
The subject property is well-positioned within the large Meacham Field/Fossil Creek submarket, containing 54.4 million square feet of industrial space. In Q1 2025, the 12-month trailing net absorption increased by 23.9 percent from the previous quarter. Despite strong demand levels on an annual basis, net absorption dipped slightly into negative territory in Q1. Along with the absence of deliveries, the vacancy rate remained stable at 7.7 percent. However, among comparable properties under 50,000 square feet, the vacancy rate stood at just 3.3 percent. Nonetheless, due to the amount of total availability across the submarket, annual rent growth continued to decelerate to 5.4 percent, pushing the average market rate to $8.75 per square foot. With 841,000 square feet of industrial space under construction, the new supply (largely concentrated in big-box warehouses) only represents 1.5 percent of the local inventory. This means that industrial demand will largely be in the driver’s seat of rents and vacancies in the Meacham Field/Fossil Creek submarket for 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: ZAG0060274)
