PILOT THOMAS LOGISTICS (FORT WORTH, TX)

MULTI TENANT

201 N RUPERT STREET FORT WORTH, TX 76107
Price :
$ 10,750,000
Cap Rate :
7.47%
NOI :
$ 803,037
Lot Size :
1.99 acres
Year Built :
2016
Property Area :
57,087 sqft
Status :
AVAILABLE
MARKETING PACKAGE

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

 

Investment Highlights

  • Fully Net-Leased Class A Offering Immediately Northwest of Fort Worth’s Commercial Business District.
  • Strong Anchor Tenant: Pilot Thomas Logistics Founded in 1942 with Locations Across 23 States.
  • Complete Renovation in 2016 with an Excess of $100 PSF in Improvements.
  • Walking Distance to the Trinity River and Montgomery Plaza.
  • High Commitment to the Site: Pilot Thomas Logistics Corporate Headquarters at 201 North Rupert.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Pilot Thomas Logistics at 201 North Rupert Street (Class A Office) in Fort Worth, Texas. The subject property which operates as the corporate headquarters for Pilot Thomas Logistics, consists of approximately 57,087 square feet and is situated on 1.99 acres of land. The 201 North Rupert Street property was built in 1948 and completely renovated in 2016 with an excess of approximately $100 PSF in improvements. With a strong anchor tenant, the property is a fully net-leased Class A offering immediately east of the newly developed “River District” area of Fort Worth and immediately northwest of Fort Worth’s Commercial Business District.

The subject offering offers upside potential to an investor through the development of The Trinity River Vision
Authority’s Panther Island Project and White Settlement Bridge to connect West Fort Worth to downtown. When opened, this stretch of White Settlement Road will be one of the three main corridors connecting affluent West Fort Worth to downtown (the others being Interstate 30 and the successful 7th Street corridor which runs parallel to and less than a mile from White Settlement). The property is also blocks from the West 7th Street Corridor, the newly developed Left Bank development (multifamily, Tom Thumb, numerous restaurants, etc.) and Montgomery Plaza (Target, Office Depot, Petsmart, and much more retail, restaurants and multifamily).

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 areas extensive network of rail and highways along with the International Inland Port of Dallas ensure its status as a distribution hub. Texas as a whole has added more than 350,000 jobs in the past year and is home to company giants including AT&T, ExxonMobil, and Dell.

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. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0060519)

Exclusive Listing

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

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