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

Price $4,698,000
Unit Size 14,627 SF
No. Units 1
Total Building Size 283,618 SF
Property Type Office (Condo)
Property Subtype
Telecom Hotel/Data Hosting
  • Flex Telecom Hotel Data Hosting
Sale Type Investment
Building Class B
Floors 19
Typical Floor Size 14,927 SF
Year Built 1929
Lot Size 0.47 AC
Parking Ratio 1.94/1,000 SF

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

Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (82)

ZONING

Zoning Code Mixed Use (Mixed Use - Data Center, Office, Residential, Hotel, Parking, etc)
  • Listing ID: 31694074

  • Date on Market: 5/3/2024

  • Last Updated:

  • Address: 307 W 7th St, Fort Worth, TX 76102