214-274-8707
3201-3221 May St, Fort Worth, TX for Sale
Warehouse - FOR SALE
1/20
null | Request Cap Rate

3201-3221 May St
Fort Worth, TX 76110
Southside


HIGHLIGHTS

  • Attractive In-Place Yield: Attractive in-place yield with 3.9% average annual contractual tenant rent increases
  • Stable Tenant Base with Contractual Rent Growth: Four-tenant, NNN-leased income producing property with a Weighted Average Lease Term of 2.9 yr
  • Strong Stabilized Return Potential: Strong year-5 pro forma cap rate factoring in contractual tenant rent increases.
  • Fully HVAC Industrial Space: 100% HVAC with dock-high and grade-level loading and ±6,034 SF average suite size
  • Efficient Small-Bay Layout: Approximately 5% office and 95% warehouse finish-out with 12’-14’ clear height.
  • Recent Capital Improvements: $384,000+ invested since 2023, including HVAC, electrical, roll-up doors, and exterior paint.

OVERVIEW

May Street Industrial Park (the “Property”) is a ±24,135 square foot multi-tenant small-bay industrial asset located in Fort Worth, Texas. The Property consists of four suites that are 100% occupied by established tenants on NNN leases, providing stable in-place income supported by 3.9% average annual contractual rent increases and a Weighted Average Lease Term (WALT) of 2.9 years. The Property is positioned less than one-half mile west of I-35W and less than three miles south of Downtown Fort Worth. This infill location provides immediate access to major transportation corridors including I-35W, I-30, I-820, and SH-121, allowing efficient connectivity throughout the Dallas–Fort Worth Metroplex. The building is designed to accommodate small-bay users with an average suite size of ±6,034 square feet, 100% HVAC suites, and a functional mix of dock-high and grade-level loading. This configuration supports a broad range of light industrial and service-oriented tenants and enhances long-term leasing desirability. Since 2023, ownership has invested more than $384,000 in capital improvements, including HVAC, electrical upgrades, roll-up doors, and exterior paint. These improvements materially reduce near-term capital expenditure risk and position the Property as a well-maintained, stabilized asset. The Property benefits from 3.9% average annual contractual rent increases, providing predictable NOI growth. Market fundamentals further strengthen the investment thesis with approximately 3.5% small-bay vacancy and forecasted average annual rent growth of 3.86% through 2030, with zero net new supply projected over that period (CoStar). Demographics within a five-mile radius include average household incomes exceeding $80,200 and median home values above $198,400, supporting the strength and stability of the surrounding trade area. Overall, May Street Industrial Park offers investors a stabilized, income-producing small-bay industrial asset in a highly accessible infill Fort Worth location, combining durable cash flow, embedded contractual rent growth, limited capital exposure, and strong underlying market fundamentals.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

May Street Industrial Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87

LAND SF

37,897

ZONING

J

APN/PARCEL ID

02596164

ASK ABOUT THIS PROPERTY

Ty UnderwoodSLJ Company LLCMore Info
214-274-8707

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Ty UnderwoodSLJ Company LLCMore Info
214-274-8707

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