- Rare value-add Class-A office investment located within the coveted AllianceTexas market in north Fort Worth.
- Excellent blend of upside potential and a stabilized revenue stream.
- 32,139 to 11,635 SF of immediate lease-up potential across 2 or 3 second generation spaces.
- Brand new long-term leases on 33.29% of the Property (Suites 100 & 150).
- Suite 100 boasts a new 7-year term and Suite 150 a new 6-year term, both commencing January 2021.
- Textron in Suite 250 – 17,057 SF / 23.13% of the Property also just signed a new 7-year renewal, providing new Ownership with new 6-7 year terms on 56.42% of the Property.
- Texhoma Land Consultants in Suite 200 expires at the end of March 2021, but may have interested in a 3-5 year renewal on an as-is deal at +/- $13.00 PSF + NNN – adding to the stability.
- Limited capital improvements needed as landlord provided TI to existing tenants, various roof updates, landscaping upgrades and replacement of HVAC units over the last five-years.
- Strategic location within Alliance, directly north of the Fort Worth Alliance Airport. The Property sits 0.50 miles west of I-35W, only a 5-minute drive to State Highway 114 & State Highway 170 and 25 minutes from DFW International Airport.
DB2RE INVESTMENT SALES as exclusive advisor, is pleased to present to qualified investors the acquisition opportunity of Alliance Commerce Center 14 (the “Property”), a quality Class A office investment located in Fort Worth’s world-class, master-planned AllianceTexas development. Currently, the Property is 84.22% leased to a terrific blend of national and regional tenants, including Textron (NYSE: TXT). Located within the Alliance submarket, a perennial leader in market fundamentals, the market has seen incredible absorption with a current occupancy of 92.90%, one of the tightest in the DFW Metroplex. Built in 1998, the asset is updated with all modern amenities and has been well maintained. Comprised of one, two-story office building totaling 73,747 square feet, the asset also boasts an overall parking ratio of 4.0 per 1,000 (+/- 289 surface parking spaces).
Situated on a 5.0-acre site, Alliance Commerce Center 14 is located adjacent to Fort Worth Alliance Airport and just one-half mile west of Interstate 35W. The asset is conveniently located within a 5 minutes drive to State Highway 114 and 170, as well as, 25 minutes from DFW International Airport. Its strategic positioning near major arteries and transportation hubs provide exceptional regional access. Surrounding Alliance Commerce Center 14 is over 50 million SF of industrial, 4.4 million SF of high-end office and 1.4 million square feet of Class A retail and plentiful upscale living accommodations with over 2,500 units and nearly 12,000 single-family residences. Within a 50 mile radius of the Property, there are more than 20 colleges for companies to recruit from, making the Property an ideal location for corporations. The Alliance Commerce Center 14 offering presents investors with a well-timed opportunity to acquire a high-quality AllianceTexas office asset that delivers the much sought-after attributes of quality, security and tremendous upside.