Michael Berkowitz 8176326200
Benjamin Berkowitz 8176326200

4717 Fletcher Ave 53,564 SF 54% Leased Office Building Fort Worth, TX 76107 $7,000,000 ($130.68/SF)

INVESTMENT HIGHLIGHTS

Great User Building with Building Sections
Large and Flexible Floor Plan for Customization
State-of-the-art Security Features, Including a 24-hour Security System and Keycard Access

Prime Location with Easy Access to Major Highways and Public Transportation
Ample On-site Parking

EXECUTIVE SUMMARY

PRICE REDUCED. OUTSTANDING OPPORTUNITY. Welcome to 4717 Fletcher Ave in Ft Worth, Texas - a fantastic user building perfect for your office needs!
This beautiful office building boasts a total of 53,564 square feet of space, providing ample room for your business to grow and thrive. The building is located in a prime location, offering easy access to major highways and public transportation, making commuting a breeze for you and your team.
The building features a modern and sleek design, with plenty of natural light flooding the interior. The spacious lobby and common areas are sure to impress your clients and visitors, while the large and flexible floor plan allows you to customize the space to fit your specific needs.
In addition to the stunning interior, the building offers ample on-site parking, making it easy for your team and guests to come and go. The building is also equipped with state-of-the-art security features, including a 24-hour security system and keycard access, ensuring that your business and assets are always safe and secure.
With its prime location, modern design, and state-of-the-art features, 4717 Fletcher Ave is the perfect space for any business looking to take their operations to the next level. Don't miss your chance to make this incredible user building your own - schedule a tour today and see for yourself why this property is the talk of the town!
Total of 53,564 square feet of space
Prime location with easy access to major highways and public transportation
Modern and sleek design with plenty of natural light
Spacious lobby and common areas
Large and flexible floor plan for customization
Ample on-site parking
State-of-the-art security features, including a 24-hour security system and keycard access
These features make 4717 Fletcher Ave the perfect space for any business looking for a user building that is both functional and impressive.
EXISTING TENANT WILL LEASE BACK AT CLOSING 10,000-15,000 SF.

Pease Office Building_OM

FINANCIAL SUMMARY (PRO FORMA - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$1,205,190	$22.50
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$1,205,190	$22.50
Taxes	$109,000	$2.03
Operating Expenses	$191,300	$3.57
Total Expenses	$300,300	$5.61
Net Operating Income	$904,890	$16.89

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income
Annual	$1,205,190
Annual Per SF	$22.50

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$1,205,190
Annual Per SF	$22.50

Taxes
Annual	$109,000
Annual Per SF	$2.03

Operating Expenses
Annual	$191,300
Annual Per SF	$3.57

Total Expenses
Annual	$300,300
Annual Per SF	$5.61

Net Operating Income
Annual	$904,890
Annual Per SF	$16.89

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

53,564 SF

Building Class

Year Built

1976

Price

$7,000,000

Price Per SF

$130.68

Percent Leased

54%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

48,500 SF

Building FAR

0.80

Lot Size

1.53 AC

Zoning

E - E Commercial

Parking

186 Spaces (3.8 Spaces per 1,000 SF Leased)

AMENITIES

24 Hour Access
Controlled Access
Conferencing Facility
Security System
Signage
Kitchen

Energy Performance Rating - A
Reception
Natural Light
Open-Plan
Partitioned Offices
Outdoor Seating

MAJOR TENANTS

Marketing Management, Inc.
Professional, Scientific, and Technical Services
28,000 SF
-
-

Marketing Management Inc. (MMI) is a sales and marketing company focused on consumer packaged goods with brand owners and manufacturers of brands. Our suite of services is offered through a collection of companies dedicated to specific functions along the lifecycle of consumer packaged goods. Our focus is not only with new and emerging brands wanting to gain initial distribution into the marketplace, but also with brands that have successfully entered the consumer retail space, but need assistance in managing their business. We help clients plan for expansion across all of North America, including Canada and Mexico. We can start early in the lifecycle with initial brand development, sales planning and the communication of your product’s unique selling propositions (USPs), which we validate through consumer research. Or we can enter the journey after critical distribution has been achieved and your business needs more attention to take advantage of market place opportunities. Whether

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF			LEASE END
Marketing Management, Inc.	Professional, Scientific, and Technical Services	28,000 SF	-			-

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
CONDITION
AVAILABLE

1st Floor
5,500 SF
Office
Full Build-Out
Now

High-Density Parking: The availability of high-density parking is a significant advantage, as it ensures ample parking space for employees, clients, and guests. Free-Standing Structure: A free-standing office building provides a sense of independence and exclusivity, which can be appealing for businesses looking to establish their presence in the area. Facility Layout: The building offers a diverse range of spaces, including individual offices, conference rooms, meeting and training rooms, break rooms, and open areas for cubicles. This variety of spaces can accommodate various office needs and functions. Versatile Floor Plan: The fact that the floor plan is described as versatile indicates that it can be adapted to different office uses. This flexibility is crucial as it allows businesses to customize the space according to their specific requirements. Adaptive Office Use: The mention of an adaptive office use highlights that the building can cater to a wide range of businesses and industries. This flexibility could be advantageous for businesses with evolving needs. Before making any leasing decisions, it's essential to consider a few additional factors: Lease Terms: Understand the terms of the lease, including the length, rent, and any additional costs. Building Maintenance: Inquire about the maintenance of the building, including any responsibilities for repairs and upkeep. Local Business Environment: Research the surrounding area to ensure it aligns with your business's needs and target market. Amenities: Check if the building offers any additional amenities, such as security, access to public transportation, or nearby dining options. It's recommended to visit the property in person, discuss your specific needs with the leasing agent, and review the lease agreement carefully to make an informed decision about whether the Fletcher office building is the right fit for your business.

Space	Size	Space Use	Condition	Available
1st Floor	5,500 SF	Office	Full Build-Out	Now

Size

5,500 SF

Space Use

Office

Condition

Full Build-Out

Available

Now

Size	5,500 SF
Space Use	Office
Condition	Full Build-Out
Available	Now

PROPERTY TAXES

Parcel Number	06570003	Total Assessment	$4,300,000
Land Assessment	$266,000	Annual Taxes	$109,000 ($2.03/SF)
Improvements Assessment	$4,034,000	Tax Year	2024 Payable 2024