12509 N SAGINAW BLVD (FORT WORTH)
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- Rare Mixed-Use Property in North Fort Worth – Close Proximity to Fort Worth Alliance Airport and Interstate 35 West
- Substantial Upside Through Increasing Below-Market Rents
- Opportunity to Build Two Additional Income-Producing Buildings on Property
- Attractive 2006 Construction
Marcus & Millichap is pleased to present the opportunity to acquire 12509 North Saginaw Boulevard in Fort Worth, Texas. The subject property consists of approximately 52,850 total square feet and is situated on 5.01 acres of land in one of the most populous cities in the Dallas Fort Worth metroplex. This rare, mixed-use property in North Fort Worth is in close proximity to Fort Worth Alliance Airport Interstate 35W, and Highway 287. The property is approximately 95 percent leased with staggered expiration dates, giving an investor substantial upside through increasing below-market rents. The asset was recently constructed in 2006 and has space for two additional income-producing buildings on the property.
The metro is home to several higher-educational institutions, including Texas Christian University, the University of Texas at Arlington, which supplies an educated labor force for the large and diverse employment base. Lockheed Martin Aeronautics Co. is headquartered in Air Force Plant 4 in the city of Fort Worth. It serves the Naval Air Station, also based in the metro. Healthcare is a strong economic driver, assisted by students graduating from the area’s many colleges and universities. Large employers include Texas Health Resources and University of Texas. General Motors’ assembly plant has been operating in the metro since 1954 and currently manufactures large SUVs for various divisions such as Chevrolet, GMC and Cadillac, providing numerous jobs. Local attractions include the Kimbell Art Museum, Modern Art Museum of Fort Worth, the National Cowgirl Museum and Hall of Fame, as well as rodeos at the Fort Worth Stockyards.