307 W 7th St - Data Center 100% Occupied Long Term Cash Flow
14,627 SF Office Condo Unit Offered at $4,698,000 in Fort Worth, TX 76102
EXECUTIVE SUMMARY
Star-Telegram 19 story highrise is located on West 7th Street between Taylor Street and Throckmorton Street in the center of the Fort Worth Central Business District. Star Telegram Building was built in 1929 – first 6 floors; 1934 – floors 7 - 19, then remodeled in 1964 by Butcher & Sweeney.
PROPERTY FACTS
1 UNIT AVAILABLE
Unit B
Unit Size | 14,627 SF |
Price | $4,698,000 |
Price Per SF | $321.19 |
Condo Use | Office |
Sale Type | Investment |
Cap Rate | 5.32% |
NOI | $250,000 |
DESCRIPTION
Cash-flowing Data Center for sale in Prime Downtown in Fort Worth, Texas.
The subject property(s) included in the sale are Suites 200, 340 & 350, located inside the Star-Telegram AKA Commerce Building.
100% occupied and generating over $558K per year Gross Income.
This prestigious 19-story building in downtown Fort Worth presents a unique opportunity to acquire 3 suites totaling 14,627 SF Net Leasable.
Currently, 14,627 sqft is occupied by 3 long-term Data Tenants, providing stable income and investment potential.
SALE NOTES
Cap Rate based on Average Net Income between Year 1 through Year 5.
NDA required for Rent Roll, Lease Agreements and Profit Loss
ZONING
Zoning Code | Mixed Use (Mixed Use - Data Center, Office, Residential, Hotel, Parking, etc) |