DELTA RIGGING & TOOLS (HURST, TX)

SINGLE TENANT

1149 WEST HURST BOULEVARD, HURST, TX 76053
Price :
$ 2,900,000
Cap Rate :
9.24%
NOI :
$ 268,014
Lot Size :
3.01 acres
Year Built :
Entire Property Renovated in 2006 and 9,000 SF Building Added in 2006
Property Area :
36,008 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 Interstates Accessing All Areas of Dallas/Fort Worth (DFW)
• Minutes from DFW International Airport and Fort Worth Meacham Airport
• Delta Rigging & Tools is An Industry Leader | Occupied Property Since 2007
• Ample Outside Storage | Situated on Over 3 Acres
• Submarket Vacancy Rate is Below Average at 3.7% with No Competing Vacancies in the Submarket

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1149 West Hurst Boulevard in Hurst, Texas, leased to an industry leader, Delta Rigging & Tools. The subject property consists of approximately 36,008 square feet of space and is situated on 3.01 acres of land. The property features ample fenced outside storage. It is in close proximity to major interstates accessing all areas of DFW and is minutes from DFW International Airport. The asset is in a submarket with a below-average vacancy rate (3.7%) with no competing vacancies in the area.

Located right in the center of the DFW metroplex, the city of Hurst has everything you need to satisfy your appetite for fun and adventure. Hurst is just minutes from downtown Dallas and Fort Worth with easy access to Dallas/Fort Worth Industrial Airport (hursttx.gov). This past year was great for the city, as 116 new businesses occupying 566,488 square feet opened in Hurst. Rent growth in the area continues to outpace the national average. With space as scarce as ever and minimal construction projects in the pipeline, rent growth could continue to outperform historical norms. Industrial property owners within the area should be able to reap the rewards from the area’s growth, as demand for this type of space remains high.

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: ZAA0060239)

Exclusive Listing

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

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