FOR LEASE OFFERING MEMORANDUM
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OFFERING MEMORANDUM FOR LEASE 1212 E Lancaster Ave, Fort Worth, TX 76102
CONTENTS TABLE OF CONTENTS
Executive Summary 04
Property Details 06
Location 19
Market Overview 21
Disclaimer 33
WILL NORTHERN 817-920-0000 will@wnc-re.com
Stephanie Bunn 817-789-0483 stephanie.bunn@wnc-re.com
WNC Commercial 817-920-0000 www.wnc-re.com
EXECUTIVE SUMMARY
1411 W MAGNOLIA AVE
EXECUTIVE SUMMARY
Nestled in the Near East Side of Fort Worth within a HUB zone is the 1212 E Lancaster Ave
Location
gorgeous gutted and restored historic 1920s Parker Browne Building Fort Worth, TX 76102
renovated in 2014. It’s proximity to 35W and 30 on E Lancaster offers
Lease Rate $15.50/SF + $5 NNN
quick accessibility to the DFW metroplex. This property is surrounded
by an amazing community with major goals to serve and bless the City Building Size 23,900 SF
of Fort Worth.
Year Built 1920
This building is zoned “MU-2” for higher density, mixed-use, pedestrian-
oriented development for designated mixed-use growth centers High Parking 30 Surface Parking Spaces
Intensity Mixed-Use and urban villages, so as to concentrate a variety of
housing types among commercial, institutional, and select light industrial Availability Call Agent
uses. The historic overlay and designation is designed to protect and
preserve the historic and cultural significance of this building. Zoning MU-2
4
1212 E LANCASTER AVE
HIGHLIGHTS
The building is three stories, excluding a basement and rooftop patio. It is rectangular in shape with concrete covered
brick columns, polish concrete floors, and steel-sash push windows offering clean and clear views to the outdoors
with minimal upkeep, extreme durability, and resistance to decay, weather, and fire.
Historic Renovation
Serious Character
Steel Sash Push Open Windows
Easy Maintenance
Ice Cold and Efficient HVAC with remote operation
Open Floor Plans
5
PROPERTY DETAILS
1212 E LANCASTER AVE
1ST FLOOR | 7,018 SF | $15.50 /RSF/YR
Got You Covered provides uniforms and tactical gear for our law enforcement,
security guards, fire fighters, EMS, and even our furry defenders – the K9s. One
of the coolest parts about having Got You Covered as a Tenant here is that you
know there’s always someone here who takes pride in our local safety
Lease rate does not include utilities, property expenses or building services
Space is in Excellent Condition
Original 1920s Windows
First Floor Retail on E Lancaster
Office Space
Dressing Rooms
Open Floor Plan
7
1212
1411 EWLANCASTER
MAGNOLIA AVE
TITLE
1ST FLOOR | 7,018 SF | $15.50 /RSF/YR
8
1212 E LANCASTER AVE
2ND FLOOR SUITE SUITE A+B+E
All suites on the second floor share
a common kitchen with natural light
pouring in and an ADA compliant
restroom. Suite F is simple office and
filing storage space which is around
SUITE A
366sf and my be used as overflow 1234 USF.
space. On the east side of the building 1629 RSF.
are Suites A and B that are just under AVAILABLE SUITE E
379 USF.
3,172sf and can be easily divisible into 500 RSF.
AVAILABLE
1,629sf and 1,543 sf. Just across the hall
is a perfectly sized executive or small
office of 500sf, Suite E. Adjacent to Suite SUITE B
1168 USF.
E is Suite D, another executive suite at 1543 RSF.
430sf. At the north end of the hallway, AVAILABLE
we have the administrative staff for DRC
currently occupying 2,500sf of space
built out with clever semi-private work
stations.
1212
1411 EWLANCASTER
MAGNOLIA AVE
2ND FLOOR SUITE A | 1,629-3,172 SF | $15.50 /RSF/YR
SUITE A
1234 USF.
1629 RSF.
AVAILABLE
101212 E LANCASTER AVE
2ND FLOOR SUITE A | 1,629-3,172 SF | $15.50 /RSF/YR
Collaborative open work space. - Open office with lots of natural light. Move in
ready. - Common kitchen/breakroom and bathrooms
Open Floor Plan Layout
Fits 5 - 26 People
Space is in Excellent Condition
Central Air and Heating
Kitchen
Exposed Ceiling
Natural Light
After Hours HVAC Available
Lease rate does not include utilities, property expenses or building
services
111212
1411 EWLANCASTER
MAGNOLIA AVE
2ND FLOOR SUITE B | 1,543 SF | $15.50 /RSF/YR
SUITE B
1168 USF.
1543 RSF.
AVAILABLE
121212 E LANCASTER AVE
2ND FLOOR SUITE B | 1,543 SF | $15.50 /RSF/YR
Collaborative open work space. - Open office with lots of natural light. Move in
ready. - Common kitchen/breakroom and bathrooms
Lease rate does not include utilities, property expenses or building
services
Open Floor Plan Layout
Fits 4 - 13 People
Space is in Excellent Condition
Central Air and Heating
Kitchen
Exposed Ceiling
Natural Light
After Hours HVAC Available
131212
1411 EWLANCASTER
MAGNOLIA AVE
2ND FLOOR SUITE E | 500 SF | $21.60 /RSF/YR
SUITE E
379 USF.
500 RSF.
AVAILABLE
141212 E LANCASTER AVE
2ND FLOOR SUITE E | 500 SF | $21.60 /RSF/YR
Executive office suite or collaborative work space. - Common kitchen /
breakroom and bathrooms
Listed lease rate plus proportional share of electrical cost
Open Floor Plan Layout
Fits 2 - 4 People
9’ Finished Ceilings
High End Trophy Space
Central Air and Heating
Exposed Ceiling
Balcony
Exposed Ceiling
After Hours HVAC Available
151212
1411 EWLANCASTER
MAGNOLIA AVE
3RD FLOOR | 7,018 SF | $15.50 /RSF/YR
Owner occupied space by Cheyenne
Construction. Out of the 7,018 sf feet,
there’s 5,300sf of office space up here,
including a wrap around reception desk
and fully functioning conference room.
This sf doesn’t include the 300sf kitchen
and two ADA compliant restrooms.1212 E LANCASTER AVE
3RD FLOOR | 7,018 SF | $15.50 /RSF/YR
Conference room, kitchen, ADA compliant bathrooms, wrap around reception
desk, executive suites, tons of natural light. $5 NNN
Lease rate does not include utilities, property expenses or building
services
Fully Built Out as Standard Office
Fits 18 - 56 People
Trophy Space in Excellent Condition
Security System
Kitchen
Exposed Ceiling
Central Air Conditioning with Ability to Preset Schedule
Rooftop Patio Access
Independentaly Controlled High Efficient HVAC in Office Suites
171212 E LANCASTER AVE
3RD FLOOR | 7,018 SF | $15.50 /RSF/YR
18LOCATION
1212 E LANCASTER AVE
LOCATION
2019 Summary 1 MILE 3 MILES 5 MILES
Population 7,995 88,187 291,531
Households 3,035 30,771 95,079
Families 1,314 17,244 60,065
Average Household Size 2.02 2.70 2.93
Owner Occupied Housing Units 699 13,198 46,996
Renter Occupied Housing Units 2,337 17,573 48,083
Median Age 34.8 33.1 31.6
Median Household Income $28,263 $45,461 $44,312
Average Household Income $54,042 $67,841 $66,280
1 MILE
2024 Summary 1 MILE 3 MILES 5 MILES
Population 9,102 99,470 310,793
Households 3,556 35,495 102,184
Families 1,531 19,173 63,366
3 MILES
Average Household Size 2.03 2.65 2.91
Owner Occupied Housing Units 732 13,722 48,662
Renter Occupied Housing Units 2,824 21,773 53,522
5 MILES Median Age 35.6 33.8 32.3
Median Household Income $35,676 $52,662 $50,799
Average Household Income $61,205 $77,901 $75,418
20MARKET OVERVIEW
910 HOUSTON
1212 E LANCASTER AVE
MARKET OVERVIEW
N E W F O R 2 0 1 9 - 2 0
HOTEL DEVELOPMENT
NEW – DOWNTOWN COMING SOON
THE SINCLAIR HOTEL – 164 Rooms SPRINGHILL SUITES BY MARRIOTT – 170 Rooms
The Sinclair Hotel is the first Smart Building in United States. Marriott partnered Opening Fall 2019 – Stockyards National Historic District
with Intel to design an all internet-based power system, meaning every light
AC HOTEL BY MARRIOTT – 252 Rooms
fixture, charging station and beyond is 100% powered by the internet.
Opening 2020 – Downtown
ALOFT – 180 Rooms HOTEL DROVER – 200 Rooms
COURTYARD MARRIOTT – 121 Rooms Opening Late 2020 – Stockyards National Historic District
KIMPTON HOTEL – 232 Rooms
HAMPTON INN & SUITES HOTEL – 285 Rooms
Opening Summer 2021 – Downtown
FAIRFIELD INN & SUITES – 120 Rooms SANDMAN SIGNATURE HOTEL –240 Rooms
Opening To Be Announced – Downtown
EXPERIENCES
FORT WORTH ALE TRAIL
The Fort Worth Ale Trail makes it easy to discover 10 local breweries.
FortWorth.com/AleTrail
STOCKYARDS ADVENTURE
Experience the sights and sounds of the Old West with the easy, one- ticket
Stockyards Adventure Pass.
FortWorth.com/StockyardsAdventure
FORT WORTH BBQ & BREWS TOUR
A guided bus tour of Fort Worth's craft barbecue and brews scene. Stops
include three local BBQ joints and three breweries. Locations rotate
each tour.
DICKIES ARENA
The new $450 million multipurpose and sports arena is now open and EAT THIS FORT WORTH: TACOS & MARGARITA TOUR
will host major events, concerts, and sporting events such as NCAA Discover the best tacos and margaritas in Fort Worth via a guided bus tour.
tournaments beginning in 2020. Dickies Arena is located at the Will The tour includes four stops and two margaritas at local favorites and
hidden gems.
22
Rogers Memorial Center Complex in the Cultural District, 10 minutes from
downtown. The 14,000-seat arena will host the annual Fort Worth Stock
Show and Rodeo, concerts, sporting events and more.910 HOUSTON
1212 E LANCASTER AVE
MARKET OVERVIEW
TRANSPORTATION WHISKEY RANCH ANNUAL FESTIVAL & EVENT HIGHLIGHTS
Whiskey Ranch, the largest whiskey distillery west of the Mississippi is • FORT WORTH STOCK SHOW & RODEO,
TEXRAIL home to Firestone & Robertson’s award-winning TX Whiskey and TX JANUARY 17 – FEBRUARY 8, 2020
TEXRail is the new 27-mile commuter rail line connecting DFW Straight Bourbon. Located on the historic golf course where legends Ben • FORT WORTH FOOD + WINE FESTIVAL, APRIL 2 – 5, 2020
International Airport and downtown Fort Worth. The line runs every day Hogan and Byron Nelson once played, its beautiful views of downtown
and saves travelers 21 minutes at the affordable rate of $2.50 each way. make it perfect for offsite meetings and events. Whiskey Ranch offers • MAIN ST. ARTS FESTIVAL, APRIL 16 – 19, 2020
a merchandise store, tours, bar and tasting room, and back porch with • FORT WORTH OPERA FESTIVAL, APRIL 17 – MAY 3, 2020
outdoor fireplaces overlooking the golf course. • FORTRESS MUSIC FESTIVAL, APRIL 25 – 26, 2020
• TEXAS MOTOR SPEEDWAY
– MARCH: O’REILLY AUTO PARTS 500 WEEKEND
– JUNE: DXC TECHNOLOGY 600 – INDYCAR RACING SERIES
– NOVEMBER 3: AAA TEXAS 500 – MONSTER ENERGY
NASCAR CUP SERIES
• NFL SEASON - DALLAS COWBOYS, 2019
• PGA TOUR'S CHARLES SCHWAB CHALLENGE AT COLONIAL, 2020
• RED STEAGALL COWBOY GATHERING & WESTERN SWING FESTIVAL,
OCTOBER 2020
SHOPPING FORT WORTH HERD –
Tanger Outlets offers 70 brand-name and designer outlet stores in
20TH ANNIVERSARY
The romance and mystique of 19th century cattle drives lives on in
Fort Worth’s newest shopping experience. The Shops at Clearfork is a
Fort Worth with The Herd – genuine Texas cowboys and cowgirls
500,000-square-foot open-air shopping, dining and entertainment
development anchored by luxury retailer Neiman Marcus. Sundance
driving Texas longhorns in the world’s only twice-daily cattle drive. FOR MORE INFORMATION:
A top attraction in Texas, the Fort Worth Herd is celebrating its
Square is where cosmopolitan sophistication meets Western
hospitality with shopping, nightlife, hotels and restaurants downtown.
STOCKYARDS HERITAGE DEVELOPMENT 20th anniversary. More than 9 million spectators have watched JESSICA CHRISTOPHERSON
Stockyards Heritage Development Co.’s $175 million renovation of 14,148 cattle drives and the Fort Worth Herd has engaged more Assistant Vice President of Marketing &
historic Mule Alley in the Fort Worth Stockyards includes shops, eateries, than a quarter-million students through tour groups and education Film Commissioner
creative workplaces and live-entertainment venues. The anchor, Hotel programs. See the Fort Worth Herd daily at 11:30AM and 4:00PM.
KIMBELL ART MUSEUM: Drover, artfully celebrates the district’s history, honoring its birthright
JessicaChristopherson@FortWorth.com
Direct: 817.698.7842
RENOIR: THE BODY, THE SENSES and namesake, legendary cowboys who drove cattle across the plains to
market in Fort Worth. The Hotel Drover will open in late 2020.
WORTH SAVINGS
Architect Louis Kahn’s building is considered one of the most influential Whether you are in the mood for a margarita or your sweet tooth
is calling for chocolate, enjoy discounted and free options at SARAH COVINGTON
of the 20th century. The new exhibition Renoir: The Body, The Senses Assistant Director of Public Relations
establishments participating in the Worth Savings Show Your Badge
will be on display October 27 -January 26, 2020. The exhibition, AFRICAN SAVANNA Discount Program. Enjoy free or discounted appetizers, meals, SarahCovington@FortWorth.com
organized by the Kimbell with the Clark Art Institute is the first major The Fort Worth Zoo is ranked No. 4 in the nation by USA Today. Home
drinks, desserts and Fort Worth gifts just by showing your conference Direct: 817.730.5022
exploration of Renoir’s unceasing interest in the human form. The to 7,000+ animal species, the Zoo supports conservation projects in
museum’s permanent collection includes Michelangelo’s first painting, badge. For more information visit:
more than 30 countries around the globe. The African Savanna is the
when he was 12 or 13, and masterworks from antiquity, Europe, Asia, FortWorth.com/WorthSaving
first stage of A Wilder Vision, a $100 million expansion to the Fort Worth
Africa and Oceania. Zoo. Sitting on 10 acres of existing Zoo land, guests can stroll through
the African Savanna and see giraffes, zebras, ostriches and more in one
exhibit. The exhibit also includes an elevated deck for giraffe feeding, an So Many Districts. So Much to See. So Much to Do!
underwater hippo viewing area, restaurants and shaded viewing areas,
private event space and much more. Our city, now the 13th largest in the nation, offers unmatched
TMS & ALLIANCE
STOCKYARDS
pedestrian access to hotels, convention center, restaurants and
D/FW INTL
AIRPORT nightlife. Our clean, well-managed downtown has been named
best in the nation and is a model of urban redevelopment. At the
PANTHER ISLAND
RIVER DISTRICT WEST 7TH heart of downtown, Sundance Square offers 35 blocks of dining
SUNDANCE SQUARE and entertainment. Sundance Square Plaza has been named a
& DOWNTOWN
CULTURAL DISTRICT top 10 public space in America.
FORT WORTH MUSIC SCENE NEAR SOUTHSIDE Discover each district by video at FortWorth.com/Neighborhoods
Ornette Coleman, Townes Van Zandt, Van Cliburn, T-Bone Burnett and
Leon Bridges hail from Fort Worth. In 2017, Fort Worth was named the CAMP BOWIE WESTBEND
first Music Friendly City by the Texas Music Office. Live music continues
CLEARFORK
23
to grow across the city including 40+ live music venues and events such
as Fortress Festival, weekly live concerts around the city, Panther Island’s TCU & ZOO
Rockin’ the River and many more. FORTWORTH.COM
WATERSIDE1212 E LANCASTER AVE
910 HOUSTON
MARKET OVERVIEW
FACTS SHEET FORT WORTH BUSINESS MEETING SPACE
2019-20 Fort Worth has six major industry clusters: Aviation/Aerospace, Life
Sciences/Health Care, Logistics, Manufacturing, Corporate/Professional
DICKIES ARENA
and Energy (oil and gas). • Scheduled to open November 2019
• New home to the Fort Worth Stock Show and Rodeo
Headquartered in Fort Worth
• Capacity to accommodate conventions, exhibit events, business
• Acme Brick • Williamson Dickie meetings and private receptions with flexible meeting and event spaces
• AMR/ American Airlines • Ben E. Keith ranging in size from 685 square feet to 91,315 square feet
• BNSF Railway • Allied Electronics
• Pier 1 Imports • Justin Brands
• TTI • RadioShack
• GM Financial • TPG Capital
• Galderma US • Smith & Nephew
• GDC Technics
Major Corporations in Fort Worth (not HQ)
• Facebook • Bell Helicopter Textron
• GE Manufacturing Solutions • Alcon Laboratories
FUN FACTS KEY PROJECTS • Lockheed Martin Aeronautics • JPMorgan Chase
• 13th-largest city in the United States • XTO Energy (ExxonMobil) • AT&T
• TEXRail $1 billion commuter rail system connecting
• 6th fastest growing large city in the nation DFW International Airport and Downtown Fort Worth. FORT WORTH CONVENTION CENTER (FWCC)
• The Kimbell Art Museum is home to the only Michelangelo in the • $540 million for new, 14,000-seat Dickies Arena TRANSPORTATION • The FWCC offers 253,226 square feet of exhibit space; 41 breakout
Americas, his first painting, The Torment of Saint Anthony. • $300 million expansion of Fort Worth Convention Center (2025) rooms for maximum flexibility (with a total of 58,849 square feet of
• Dallas/Fort Worth International Airport (DFW), located 17.5 miles
• Fort Worth hosts the world’s only twice-daily cattle drive and from Fort Worth, is one of the busiest airports in the world with an meeting room space); a 28,160 square-foot ballroom; 13,500-seat arena
• $225 million+ on restoration and expansion of Stockyards and expanded dock facilities.
year-round rodeo in the Stockyards National Historic District. average of 1,900 daily departures and arrivals and service to more
National Historic District
• The Fort Worth Zoo opened as the first zoo in Texas in 1909 and than 201 destinations worldwide. • A Public events plaza for outdoor gatherings links the Fort Worth Water
is ranked the No. 4 zoo in the nation by USA Today. • Continued growth of Alliance Airport , the world’s first industrial Gardens to the Convention Center’s new grand entrance.
airport, developed by Ross Perot Jr. • 4 hours or less from 149 U.S. destinations through DFW
• The Modern Art Museum of Fort Worth was recognized as International Airport
the best-designed building in Texas by Architectural Digest. WILL ROGERS MEMORIAL CENTER
• Fort Worth is home to 40+ B-Cycle bike share stations and
• American Airlines, the world’s largest airline, is headquartered in access to 70+ miles of bicycle trails • 100,000 square feet of exhibit space
Fort Worth and services the 4th busiest airport in the nation. • TEXRail (DFW International Airport to • 6,000-seat coliseum
• Fort Worth named a Top 20 city for Hispanic entrepreneurs by downtown Fort Worth): $2.50 • 3,000-seat theater
Fortune in 2018. • Cab from DFW International Airport to downtown • Equestrian center with 2,000-seat arena; 1,000 all-metal stalls
• The first music-friendly city in Texas as designated by the Fort Worth: $52 (approx.)
Texas Music Office in the Office of the Governor . • 170,000-square-foot livestock facility with 1,000-seat show arena
• Yellow Checker Shuttle (Airporter) from DFW Airport to
downtown Fort Worth: $17* • $32 million Equestrian Multi-Purpose building featuring
1,100 premium stalls
• Super Shuttle from DFW International Airport to downtown
Fort Worth: $25*
HOSPITALITY AND TOURISM COWTOWN COLISEUM
• Estimated number of out-of-town visitors to Fort Worth: • 2,300-seat arena located in Stockyards National Historic District
WEATHER
9.4 million annually
• Economic impact of visitors to Fort Worth: $2.6 billion annually Climate Month Avg. High Avg. Low FOR MORE INFORMATION:
Coldest month January 54 34
• Tourism employs over 24,100 hospitality and tourism industry workers HISTORY Hottest month July 95 75 JESSICA CHRISTOPHERSON
Originally settled in 1849 as an army outpost at the Trinity River, FortWorth Assistant Vice President of Marketing &
• Total Hotel rooms: 14,000 Film Commissioner
was one of eight forts assigned to protect settlers from Indian attacks on
• Total rooms downtown: 1,800 committable JessicaChristopherson@FortWorth.com
the advancing frontier. Progress helped the growing settlement survive long Direct: 817.698.7842
• Hotel tax: 15%; breaks down to 6% state, 9% city after other such towns had blown away with the dust of departing pioneers.
SARAH COVINGTON
• Sales tax: 8.25%
• Top international visitor markets to Fort Worth include:
POPULATION
City of Fort Worth: 874,168 (2017 estimate)
FORTWORTH.COM
Assistant Director of Public Relations
SarahCovington@FortWorth.com
Direct: 817.730.5022
24
Mexico, Canada, UK, Australia and Germany.910 HOUSTON
1212 E LANCASTER AVE
MARKET OVERVIEW
Hospitality Revenue per Available Room (RevPar) and Average Daily Rate
(ADR
$190.00
$170.00
$150.00
$130.00
$110.00
$90.00
$70.00
$50.00
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
RevPar $95.11 $112.27 $131.74 $141.76 $118.23 $80.75 $125.41 $144.81 $128.14 $141.98 $129.16 $123.40
ADR $150.30 $152.20 $173.78 $174.83 $159.34 $140.00 $170.00 $174.97 $163.67 $175.08 $171.67 $164.17
RevPar ADR
Hospitality Occupancy Rates
90.0%
80.0%
70.0%
60.0%
50.0%
40.0%
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Occupancy 63.3% 73.8% 75.8% 81.1% 74.2% 57.7% 73.8% 82.8% 78.3% 81.1% 75.2% 75.2%
Hospitality Room Nights Sold
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Room Nights Sold 57,026 66,473 66,115 73,071 64,710 51,975 66,479 67,366 70,557 70,726 67,800 65,554
Data presented in this report are derived from the following sources: Office and retail WWW.DFWI.ORG
251212 E LANCASTER AVE
MARKET OVERVIEW
NEAR EAST SIDE URBAN VILLAGE
TTheNear
The NearEastEast Side
Side village
village is
is located
located east of of downtown
downtown FortFort MEDIAN HOUSEHOLD INCOME INCOME PER CAPITA
Worth
Worth andand is located in Council District 8. The Near East Side
The Near East Side
Neighborhood
Neighborhood Association,
private
private businesses
Association, area
businesses have partnered over the years
have partnered
agencies, and
area social services agencies,
years to
and
to undertake
undertake
$49,038 $24,648
beautification projects
beautification projects for for this section of Lancaster Avenue.
section of Lancaster Avenue.
Future
Future infill
infill development
development is is desired
desired to be compatible
compatible with
with the
the MEDIAN RENT PRICE UNEMPLOYMENT RATE
existing 1920s industrial/warehouse architecture and
existing 1920s industrial/warehouse architecture and house uses house uses
that
that include
includearts,
arts,crafts,
crafts,antiques,
antiques,etc.
etc. $886 5%
The village was
The village was recently
recently awarded
awarded $823,571
$823,571 toto undertake
undertake
community-driven
community-driven planning activities and
planning activities andpublic
publicimprovements.
improvements.
Downtown
Eastside
261212 E910 HOUSTON
LANCASTER AVE
MARKET OVERVIEW
QUALIFIED HUB ZONE AREA
HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people
in Historically Under-utilized Business Zones (HUBZones). The HUBZone program fuels small business growth in historically
underutilized business zones with a goal of awarding at least three percent of federal contract dollars to HUBZone-certified
companies each year.
At any given time, there are about 5,600 small firms certified in the HUBZone program
Program Purpose
Increase employment opportunities
Stimulate capital investment
Empower communities through economic leveraging
Key Program Benefits
The government has a mandate of awarding 3% of all prime contract dollars to HUBZone firms.
Two mechanisms:
Contract set-asides and sole source
10% price evaluation preference applied to full and open competition (only applies to the large business and not to the
small business concern)
271212 E910 HOUSTON
LANCASTER AVE
MARKET OVERVIEW
EVANS & ROSEDALE URBAN VILLAGE
The Evans & Rosedale
The Evans Rosedale area
area is aa strategic
strategic area
area of
ofFort
FortWorth
Worth that
thatisispoised
poisedfor
fornew
newinfi infill development. Its
ll development. Itsproximity
proximity to
to downtown
downtown
and the Near
and the Near Southside
Southside Development
Development District, making itit an
District,makING an attractive
attractive candidate
candidate for new development.
for new development. The western portion
The western portion of
of
the area has been designated as an Urban Village, intended for denser, mixed-use development patterns,
the area has been designated as an Urban Village, intended for denser, mixed-use development patterns, yet the great majority yet the great majority
of the area
of the areaconsists
consistsofofthe
theTerrell
TerrellHeights
Heights Historic
Historic District,
District, within
within which
which new
new infillinfill developments
development willtobe
needs be compatible
compatible with the
with the
historic
historicprecedents.
precedents.
NEAR EAST SIDE
EVANS & ROSEDALE
URBAN VILLAGE
28DISCLAIMERS
1212 E LANCASTER AVE
DISCLAIMERS
All material and information received or derived from WNC Commercial, its directors, officers, agents, advisors, affiliates and/or any third party sources are provided
without representation or warrant as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable
governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s
intended use or any and all other matters.
Neither WNC Commercial, its directors, officers, agents, advisors or affiliates make any representation or warranty, express or implied, as to accuracy or
completeness of any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be
furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party.
Northern Realty Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations
including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining
and reading applicable documents and reports and consulting appropriate independent professionals. Williams Northern Crain makes no warranties and/or
representatives regarding the veracity, completeness or relevance of any financial data or assumptions. Williams Northern Crain does not serve as a financial
advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any
estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level.
Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, 16 vacancy factors and other issues in order to
determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a
certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the
property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects,
contractors, other consultants and governmental agencies. All properties and services are marketed by Fort Worth in compliance with all applicable fair housing
and equal opportunity laws.
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or
representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or
withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance
of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
301212 E LANCASTER AVE
11-2-2015
DISCLAIMERS Information About Brokerage Services
Texas law requires all real estate license holders to give the following information about AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must
brokerage services to prospective buyers, tenants, sellers and landlords. first obtain the written agreement of each party to the transaction. The written agreement must state
who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations
TYPES OF REAL ESTATE LICENSE HOLDERS: as an intermediary. A broker who acts as an intermediary:
• A BROKER is responsible for all brokerage activities, including acts performed by sales agents • Must treat all parties to the transaction impartially and fairly;
sponsored by the broker • May, with the parties’ written consent, appoint a different license holder associated with
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. the broker to each party (owner and buyer) to communicate with, provide opinions and
advice to, and carry out the instructions of each party to the transaction.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or • Must not, unless specifically authorized in writing to do so by the party, disclose:
party that the broker represents): • that the owner will accept a price less than the written asking price;
• Put the interests of the client above all others, including the broker’s own interests; • that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
• Inform the client of any material information about the property or transaction received • any confidential information or any other information that a party specifically instructs the
by the broker; broker in writing not to disclose, unless required to do so by law.
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction
without an agreement to represent the buyer. A subagent can assist the buyer but does not
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: represent the buyer and must place the interests of the owner first.
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent
through an agreement with the owner, usually in a written listing to sell or property management TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND
agreement. An owner’s agent must perform the broker’s minimum duties above and must inform CLEARLY ESTABLISH:
the owner of any material information about the property or transaction known by the agent, • The broker’s duties and responsibilities to you, and your obligations under the representation
including information disclosed to the agent or subagent by the buyer or buyer’s agent. agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to payment will be calculated.
represent the buyer, usually through a written representation agreement. A buyer’s agent must
perform the broker’s minimum duties above and must inform the buyer of any material information LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It
about the property or transaction known by the agent, including information disclosed to the agent does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this
by the seller or seller’s agent. notice below and retain a copy for your records.
WNC Commercial LLC 9008682 info@wnc-re.com (817) 920-0000
Licensed Broker /Broker Firm Name or Primary Assumed License No. Email Phone
Business Name
Will Northern 0587357 will@wnc-re.com (817) 454-8506
Designated Broker of Firm License No. Email Phone
Will Northern 0587357 will@wnc-re.com (817) 454-8506
Licensed Supervisor of Sales Agent/Associate License No. Email Phone
Stephanie Bunn 721367 stephanie.bunn@wnc-re.com (817) 789-0483
Sales Agent/Associate’s Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
Information available at www.trec.texas.gov Regulated by the Texas Real Estate Commission
IABS 1-01212 E LANCASTER AVE
ABOUT
WNC Commercial’s mission is to serve individuals and businesses by facilitating their real estate transactions with competent professional
service that exceeds expectations.
The WNC Commercial team consists of forward-thinking Realtors who utilize modern technology and strong sense of character to provide a
superior experience to clients. With extensive knowledge of the real estate market, your REALTOR will serve as an advisor to share pertinent
resources, provide an unbiased opinion and facilitate the buying, selling, leasing or management process with open
lines of communication.
FEATURED IN
321212 E Lancaster Ave
Fort Worth, TX 76102
STEPHANIE BUNN
817-789-0483
stephanie.bunn@wnc-re.com
WILL NORTHERN
817-920-0000
will@wnc-re.com
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WNC COMMERCIAL
817-920-0000
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