All Forum Posts by: Stuart Chinworth

Property Details

Overview

● Total Leaseable Square Footage: 50,000 sf

● Total Land Area: 4.71 ac

● Total Number of Buildings: 5

● Electrical Details: Three phase power available for all buildings

● Open space is fully stabilized

● Highway frontage

● Highway entrance and entrance from adjacent collector road

● 2023 Traffic Counts: 13,000 - 14,000 AADT

Building #1

● 11,000 sf

● Fully Insulated

● Fully Heated & Cooled

● Currently housing owner

Building #2

● 5,000 sf

● 3 - Manway Doors

● 2 - 8’ Roll Up Doors

Building #3

● 5,000 sf

● Currently Leased for $2,500/ mo

● Secure yard space

● 1 - Manway Door

● 4 - 12’ Roll Up Doos

● Dockhight access

Building #4

● 9,000 sf

● 1 - Manway Door

● 2 - Roll Up Doors

● Dockheight Door and Ramp Access

● Secure yard space

Building #5

● 20,000 sf

● Currently leased to UPS ($7,500/mo + NNN)

● 8 Manway Doors and 8 - 14’ Tall Roll Up Doors

● Could be segmented into 8 separate units.

BUYER NEEDED: OFF MARKET PORTFOLIO

Located in Granbury, Texas just 40 minutes from the Dallas/ Fort Worth metro area.

All homes are 3 bed / 2 bath located in the 76049 zip code and there is room to raise rents. 

Rob Dr - $227k. Rent $1,350/mo

Rob Dr - $230k Rent $1,500/mo

Dean Ct - $225k Rent $1,500/mo

Hidden Cove Trl - $218k Rent $1,500/mo

@Marcos De la Cruz I would highly recommend you reach out to Justin at Location Rentals. 806-794-5800. They have handled multiple properties for us over the years and saved us from a terrible PM in Lubbock. 

@Kanika Jain I know around the Lake Granbury area, we are very saturated with STR's. There are many POA's that do not allow them and there are very limited areas inside the city limits where they are allowed. Even then, you have to submit an SUP to the City to get their blessing. The properties that are consistently staying rented are the properties within walking distance to the Square and the 5+ bedroom lake homes.

@Roberto Soria I would give McKnight Title a call. They have multiple locations around the area and I've had nothing but great experiences with each one. 

I am not sure there's any tertiary market in TX that is experiencing a shortage of inventory right now. From what I am seeing, there is either a slight oversupply or things are somewhat balanced.

I would echo everything @Bruce Lynn stated. Lots of opportunity in the outlying areas. Being new to the area, finding subs to bid jobs at a reasonable price is probably going to be one of your major challenges. 

Also, if you are open to other asset classes, you might take a look at small commercial spaces in some of the outlying communities as well as light industrial spaces that need some TLC. 

@Dylan Hattem Whenever someone mentions they want to invest in the DFW area, I recommend they take a look at some of the outlying areas first as many people go straight to the heart of the metroplex. From what I have seen some of these outlying areas can provide better cash flow, less competition and less regulations. Let me know if you'd ever like to schedule a call to discuss. 

@Louis Alexander Cocita I would recommend Real Property Management Trailhead in Fort Worth. 

Most of the established builders usually have no shortage of land to build on, which they have most likely purchased below market value. If you are able to find a builder to partner with, you'll need to find someone who builds the type of home that aligns with the neighborhood. 

Before making any recommendations on builders, we would need to know where the land is located (in city limits, in the ETJ, the county?) and what types of homes are in the immediate area. Point is, you may be looking for a starter home builder and getting recommendations for luxury level home builders.