2910-2912 EDITH LANE (HALTOM CITY, TX)

MULTI TENANT

2910-2912 EDITH LANE, HALTOM CITY, TX 76117
Price :
$ 580,000
Cap Rate :
8.15%
NOI :
$ 47,267
Lot Size :
0.43 acres
Year Built :
1962/2011
Property Area :
8,883 sqft
Status :
AVAILABLE
MARKETING PACKAGE

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

 

Investment Highlights

  • Close Proximity to All Major Highways in Fort Worth
  • Minutes From Fort Worth Meacham International Airport and DFW International Airport
  • Building Completely Renovated in 2011 | Complete Roof Replacement in 2017, Reported by Owner
  • 100 Percent Occupied Multi-Tenant Space Will Diversify Cashflow
  • Upside Potential Through Increasing Below Market Rents
  • Submarket Vacancy Rate is Below Average at 3.7% (CoStar)

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2910-2912 Edith Lane in Haltom City, Texas. The subject property consists of approximately 8,883 square feet of space and is situated on 0.43 acres of land. The subject property features masonry construction, three grade-level doors, and 14’ clear height. The building was renovated in 2011 with a complete roof replacement in 2017, as reported by the owner. The 100 percent occupied multi-tenant space will diversify an investor’s cash flow, with upside potential through increasing below market rents. The asset is in close proximity to all major highways in Fort Worth and is minutes from Fort Worth Meacham International Airport and DFW International Airport. The submarket vacancy rate is below average at 3.7% (CoStar).

Meacham Field/Fossil Creek is a large, dynamic industrial submarket north of Fort Worth. Meacham Field/Fossil Creek is located between in-town Fort Worth and Alliance, a geographic advantage that has enabled vacancy rates to trend below the metro norm for three years.

Haltom City is a city that is part of the Dallas-Fort Worth region and inside Tarrant County. Haltom City is an inner suburb of Fort Worth, a principal city of the DFW Metroplex. The city is six miles from Downtown Fort Worth, 30 miles from the American Airlines Center in Dallas, and 20 miles from the Dallas/Fort Worth International Airport in Irving. Haltom City is surrounded almost entirely by Fort Worth, North Richland Hills, Watauga, and Richland Hills. Major employers include Hillshire Brands, Medtronic Midas Rex, GST Manufacturing, and more. The city is home to 10 parks, a state-of-the-art public library and recreation center, and the Tarrant County College branch. Haltom City is surrounded by major highways including, Highway 26, Highway 377, SH 121, (NE 28th St) SH 183, and Interstate 820.

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. © 2020 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060165)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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