5703 CRAWFORD LANE (FORT WORTH, TX)

MULTI TENANT

5703 CRAWFORD LANE, FORT WORTH, TX 76119
Price :
$ 2,750,000
Cap Rate :
7.73%
NOI :
$ 212,696
Lot Size :
7.11 acres
Year Built :
1985
Property Area :
74,250 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 Major Highways Connecting to All Areas of DFW
• Minutes from Fort Worth Meacham International Airport and DFW International Airport
• Priced Below Replacement Cost of the Land and Construction
• Over 7 Acres of Fenced and Fully Paved Outside Storage
• Below-Market Rent: Average $3.34 per Foot | Market Rent per Costar of $5.48 per Foot

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 5703 Crawford Lane in Fort Worth, Texas. The multi-tenant industrial warehouse consists of approximately 74,250 square feet and is situated on 7.11 acres of land. The subject property features over seven acres of fenced and fully paved outside storage, making it highly desirable for tenants. Minutes from Fort Worth Meacham International Airport and DFW International Airport, the asset is in close proximity to major highways connecting to all areas of Dallas/Fort Worth. The subject property is priced below replacement cost of the land and construction, with below-market rents.

The metro is home to several institutions of higher education 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 the 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.

The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 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 800,000 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 metros 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 21 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.

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: ZAA0060552)

Exclusive Listing

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

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