1200 gambrel road arlington, tx 76014€¦ · supply company is the source for the newest product...

Industrial Investment Sale1200 Gambrel RoadArlington, TX 76014

LanCarteCRE.com209 N. Hampton Street | Fort Worth, TX 76102

817.409.4040

Presented By: Sarah E. LanCarte , CCIM , S IOR

Pres ident 817 .409.4041 | sarah@lancar tecre .com David Cor ley Associate 817 .409.4044 | dcor ley@lancar tecre .com

Disclaimer


817.409.4040

LanCarte Commercial Real Estate, Inc. (including its affiliates, subsidiaries, related parties, successors, and assigns, hereinafter referred to singly and collectively as “LanCarte Commercial”) has been engaged as the exclusive listing representative (the “Representative”) by the Seller for the sale of 1200 Gambrel Rd, Arlington, TX 76014 (the “Property”).

The Property is being offered for sale in an “as-is, where-is” condition and the Seller or the Representative make no representations or warranties as the accuracy of the information contained in this Investment Offering. The enclosed materials included highly confidential information and are being furnished solely for the purpose of review by prospective Purchasers of the interest described herein. Neither of enclosed materials, nor any information contained herein, are to be used for any other purpose, or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed information, should be registered with LanCarte Commercial as a “Registered Potential Investor” or as “Buyer’s Representative” for an identified “Registered Potential Investor”. The use of this Investment Offering and the information proved herein is subject to terms, provisions and limitations of the confidentiality agreement furnished by the Agent prior to delivery of this Investment Offering.

The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. They contain selected information regarding the Property and do not purport to be all inclusive or to contain all of the information which a prospective investor may need to conduct its due diligence. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by the Representative or the Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. All financial projections are based on assumptions and no assurances can be made that the results will be achieved. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, nor do they constitute legal analysis of such documents. Neither the Representative or the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein, or any other written or oral communications, or information transmitted, or made available, or any action taken, or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. The Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. The Seller and the Representative each expressly reserve the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This Investment Offering is made subject to omissions, corrections or errors, change of price or other terms, prior sale or withdrawal from the market without notice. The Representative is not authorized to make any representations or agreements on behalf of the Seller.

The Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to the Seller’s obligations thereunder have been satisfied or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to the Representative or the Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or the Representative; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of the Seller or the Representative or as otherwise provided in the Confidentiality and/or Registration Agreement executed and delivered by the recipient(s) to LanCarte Commercial.

The Seller will be responsible for any commission due to the Representative in connection with a sale of the Property. Each prospective purchaser will be responsible for any claims for commissions by any other broker or agent in connection with a sale of the Property if such claims arise from acts of such prospective purchaser or its broker/agent. Any Buyer’s Representative must provide a registration signed by the prospective investor acknowledging said agent’s authority to act on its behalf.

Table of Contents I. Investment SummaryINVESTMENT OVERVIEW

INVESTMENT HIGHLIGHTS

II. Tenant OverviewLEASE TERMS

TENANT PROFILE

III. Property OverviewPROPERTY HIGHLIGHTS

RENT ROLL

AERIAL MAP

SURVEY

LOCATION MAP

PICTURES


817.409.4040

I. Investment Summary INVESTMENT OVERVIEW

Total Building Area: 53,586 SF

Number of Buildings: One (1)

Land: 3.28 AC

Occupancy: 100% (Skybeam is up 8/31/2020)

Building Type: Tilt-wall & Masonry

Zoning: APO - GC

Number of Tenants: Four (4)

Current NOI: $312,590.00

Proforma NOI: $406,786.00

Lease Types: Triple Net

Current OPEX: $1.45/SF

Investment Overview

Industrial Investment Opportunity

LanCarteCRE.com | 209 N. Hampton Street, Fort Worth, TX 76102 | 817.409.4040

I. Investment Summary INVESTMENT HIGHLIGHTS


Excellent location • Easy access to I-20 and Highway 360

• Centrally located in the DFW metroplex in Arlington, TX

• 20 minutes from downtown Fort Worth, DFW Airport and downtown Dallas

Ample surface parking

Clean landscaping and parking lot

Built In 2005

Multiple load configurations, high windows, and clean aesthetics

Class A office finish-out

1200 GAMBREL RDSUITE 106

AC Supply Co., Inc.

12,600 SF

December 15, 2016

December 31, 2021

One, 5 Year

Bi-annual

No

$72,450 + NNN

NNN

Address

Building Size

Tenant

Lease Commencement

II. Tenant Overview LEASE TERMS


Extension Options

Termination Clause

Lease Expiration Date

Escalations

Current Annual Rent

Expense Reimbursement

1200 GAMBREL RDSUITE 100

Skybeam

15,786 SF

August 1, 2010

August 31, 2020

None

Bi-annual

No

$110,502 + NNN

NNN

1200 GAMBREL RDSUITE 102-104

DRS Imaging

25,200 SF

January 1, 2020

December 31, 2026

None

Bi-annual

No

$144,900 + NNN

NNN

Skybeam Texas (Rise Broadband)

II. Tenant Overview TENANT PROFILE


DRS ImagingOver the last 50+ years, DRS has grown from a small document imaging service bureau to a large company with eleven facilities along the eastern seaboard employing hundreds of trained specialists. DRS operations at each location are independent companies serving the population at hand to the best of our ability. We have successfully completed more than 25,000 document scanning projects with a variety of systems and formats. Our success, which is measured by the satisfaction of our customers, has resulted in the continued growth of our reputation as a leader in document conversion to financial institutions, hospitals, and major corporations.

Rise Broadband is the nation’s largest fixed wireless broadband service provider. Rise Broadband provides wireless broadband Internet and digital phone service to nearly 200,000 commercial and residential customers in 16 states in the Midwest, Rocky Mountain and Southwest regions. Whether you live in a suburban or rural area, Rise Broadband helps keep you, your business and your family connected with the people and things you value most. In doing so, Rise helps close the digital divide by offering businesses and homes a competitive choice for quality, affordable service. Annual Revenue $150,000,000+.

AC Supply Co, Inc . Based in Fort Worth, Texas, AC Supply has been in operation since 1959 and has four (4) warehouses in Tarrant County. Each location provides a full service source for air conditioning, industrial, mechanical, ventilation and refrigeration materials from the top industry manufactures. AC Supply Company is the source for the newest product information, training, technical support, and conducts frequent events to introduce the latest HVAC/R products.

AC Supply Company is the dominant wholesale air conditioning supplier in the western DFW Metroplex area. Our commitment to create a family environment that encourages and promotes personal and professional growth for employees, has enabled us to produce opportunities for future advancement and build a company with superior customer service.

PROPERTY HIGHLIGHTS


Total Leased Space:

Office Area:

Clear Height:

Overhead Doors:

Electrical:

Additional Features:

1200 Gambrel Rd, Suite # 100-101Total Leased Space:

Office Area:

Clear Height:

Overhead Doors:

Electrical:


1200 Gambrel Rd, Suite # 102-104

III. Property Overview

12,600 SF

TBD

22’ - 30’

2 Dock High, 2 Grade Level

3 Phase

Automatic roll-up doors, Plenty of natural light from tall windows along exterior & Skylight partitions

1200 Gambrel Rd, Suite # 106

15,786 SF

9,594 SF

20’ Clear

1 Grade Level (12’ w x 14’h)

3 Phase

New LED lighting, Office in excellent condition, Tall windows

25,200 SF

TBD

20’ Clear

4 Dock High, 2 Grade Level

3-Phase

Natural gas heaters

Total Leased Space:

Office Area:

Clear Height:

Overhead Doors:

Electrical:


III. Property Overview RENT ROLL


1200 Gambrel Rd, Suite # 100-101Due On 1st Annual AmountMonthly Rate

Sept. 1, 2015 - Aug. 31, 2016

Sept. 1, 2016 - Aug. 31, 2017

Sept. 1, 2017 - Aug. 31, 2018

Sept. 1, 2018 - Aug. 31, 2019

Sept. 1, 2019 - Aug. 31, 2020

$8,550.75

$8,879.63

$8,879.63

$9,208.50

$9,208.50

$102,609.00

$106,555.56

$106,555.56

$110,502.00

$110,502.00

$536,724.12

1200 Gambrel Rd, Suite # 102-104Due On 1st Annual AmountMonthly Rate

Jan. 1, 2020 - Dec. 31, 2020

Jan. 1, 2021 - Dec. 31, 2021

Jan. 1, 2022 - Dec. 31, 2022

Jan. 1, 2023 - Dec. 31, 2023

Jan. 1, 2024 - Dec. 31, 2024

Jan. 1, 2025 - Dec. 31, 2025

Jan. 1, 2026 - Dec. 31, 2026

$12,075.00

$12,075.00

$13,719.15

$13,719.15

$14,244.15

$14,244.15

$14,244.15

$144,900.00

$144,900.00

$164,629.80

$164,629.80

$170,929.80

$170,929.80

$170,929.80

$1,131,849.00

III. Property Overview RENT ROLL


1200 Gambrel Rd, Suite # 106Due On 1st Annual AmountMonthly Rate

Dec. 15, 2016 - Dec. 31, 2016

Jan. 1, 2017 - Dec. 31, 2017

Jan. 1, 2018 - Dec. 31, 2018

Jan. 1, 2019 - Dec. 31, 2019

Jan. 1, 2020 - Dec. 31, 2020

Jan. 1, 2021 - Dec. 31, 2021

$3,166.94

$5,775.00

$5,775.00

$6,037.50

$6,037.50

$6,300.00

$3,166.97

$69,300.00

$69,300.00

$72,450.00

$72,450.00

$75,600.00

$362,266.94

III. Property Overview AERIAL MAP


III. Property Overview SURVEY


III. Property Overview LOCATION MAP


III. Property Overview PICTURES


LanCarte Commercial Real Estate, Inc.209 N. Hampton Street | Fort Worth, TX 76102

817.409.4040 | LanCarteCRE.com

David Cor leyAssociate817.409.4044 | dcor ley@lancar tecre .com

Sarah E. LanCarte , CCIM , S IOR

President817.409.4041 | sarah@lancar tecre .com

1200 gambrel road arlington, tx 76014€¦ · supply company is the source for the newest product...

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