817-800-5058
2601 Scott Ave, Fort Worth, TX for Sale
Office - FOR SALE
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2601 Scott Ave
Fort Worth, TX 76103
West Meadowbrook


HIGHLIGHTS

  • Acquiring East Tower provides a rare opportunity to purchase a multitenant office building at a fraction of the cost of new construction
  • With up to 22,437 square feet of available space, East Tower offers an owner/user the ability to occupy space with ongoing expansion capability
  • Ownership offers advantages over leasing, including future expansion capability and tax advantages (consult with your tax advisor)
  • In-place rents are roughly $3.00 PSF below market providing significant upside with future rent increases
  • Recent building renovations and improvements provide a quality and value driven environment for third party tenants
  • Tremendous visibility and exposure from Interstate 30 and great access to all the major area freeways

OVERVIEW

Transwestern Fort Worth is pleased to present a rare opportunity to acquire East Tower, located at 2601 Scott Avenue, Fort Worth, Texas, a 54% leased, Class “B” multitenant office with exceptional visibility along Interstate 30, two minutes east of downtown Fort Worth. The building features up to 22,437 square feet of currently available office space for re-leasing or occupancy by an owner/user. Located adjacent to the intersection of Interstate 30 and Beach Street, the Property consists of a 51,029 square foot, six-story office building and surrounding parking lot with 140 spaces. In addition, the Property will be conveyed with the adjacent surface parking lot providing an additional 44 parking spaces for an overall parking ratio of 3.61 spaces per 1,000 SF of building area. East Tower offers tenants free surface parking providing considerable cost savings compared with downtown office buildings that charge hundreds of dollars per space per month for parking. East Tower sits on a 70,113 square foot land parcel and the adjacent parking lot on 14,000 square feet of land area totaling 1.931 acres. Should the buyer have a space requirement, with the relocation of one, 2,815 square foot tenant, an entire floor consisting of approximately 8,054 SF could be occupied. The available block of contiguous space provides an ideal opportunity for an owner/user to control its future occupancy costs and future ability to expand. The Property provides tenants quick access to downtown Fort Worth, including courthouses, dozens of restaurants, hotels and the full range of downtown Fort Worth amenities. In addition, the Property offers outstanding access to Interstate 30, S.H. 121 and Interstate 35W. Pricing Guidance: Contact Broker

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

East Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

184

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

E Neighborhood Commercial

APN/PARCEL ID

03063399,03064182

ASK ABOUT THIS PROPERTY

Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

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Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.