2337 MINNIS DRIVE (HALTOM CITY, TX)

SINGLE TENANT

SOLD ABOVE ASKING
Lot Size :
1.20 acres
Year Built :
1981
Property Area :
16,360 sqft
Status :
RECENTLY SOLD

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

 

Investment Highlights

• Easy Access to Major Interstates Connecting All Areas of Dallas/Fort Worth (DFW)
• Minutes From DFW International Airport and Fort Worth Meacham Airport
• Priced Below Replacement Cost of the Land and Construction
• Fenced & Paved Outside Storage | Situated on 1.2 Acres
• Submarket Vacancy Rate is Below Average at 4.6%

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2337 Minnis Drive in Haltom City, Texas. The subject property consists of approximately 16,360 square feet of space and is situated on 1.2 acres of land. The current tenant is on a month-to-month lease, making this an acquisition opportunity for an investor or owner/user. The subject property features fenced and paved outside storage. The asset is minutes from DFW International Airport and Fort Worth Meacham Airport with easy access to major interstates connecting all areas of Dallas/Fort Worth. The asset is priced below replacement cost of the land and construction. The submarket vacancy rate is below average at 4.6 percent.

East Fort Worth has not seen the amount of construction activity and major tenant movement that nearby submarkets such as Meacham Field/Fossil Creek and NE Tarrant/Alliance have. However, the submarket usually sees a large number of smaller deals. Given muted levels of new supply, rent growth has greatly outperformed the historical average this cycle, and occupancies are comfortably above the submarket’s historical average. This submarket shares some of the same attributes as other submarkets in the Mid-Cities, namely good east-west highway access and proximity to the D/FW International Airport. Most of the submarket’s inventory is located along either Highway 121 or I-820. The tenant base is made up of a mix of manufacturers and local retail/food distributors. (CoStar)

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 amenities 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.

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. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060112)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Cliff Zimmerman
(972) 755-5217
Lic # TX : 706882

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