weisenberger townhome lot portfolio · weisenberger lot portfolio | fort worth, tx | 2 cameron...

OFFERING MEMORANDUM

0.65 ac | 2801 - 2805 & 2804 - 2808 | WEISENBERGER STREET | FORT WORTH, TEXAS 76107

weisenberger townhome LOT portfolio

2804 & 2808+/- 14,195 SF / 0.3258 AC

2801 & 2805+/- 14,300 SF / 0.3282 AC

WEISENBERGER LOT PORTFOLIO | FORT WORTH, TX | 2

CAMERON DEPTULA

2929 CARLILSE STREET, SUITE 250

DALLAS, TX 75204

C: (214) 497-0276

E: [email protected]

SAM HOOGLAND


DALLAS, TX 75204

C: (847) 899-6824


CONTENTS & ADVISORSTABLE OF CONTENTS

3 EXECUTIVE SUMMARY

INVESTMENT OVERVIEW

INVESTMENT HIGHLIGHTS

WEISENBERGER ASSEMBLAGE

AVAILABLE SURROUNDING LOTS

AVAILABLE LOT BREAKOUT

6 LOCATION OVERVIEW

MAPS / AERIALS

DEMOGRAPHICS

13 MARKET OVERVIEW

FORT WORTH OVERVIEW

DFW OVERVIEW

17 DISCLAIMER

DISCLOSURE

EXECUTIVE SUMMARY


DB2RE is pleased to present the Weisenberger Townhome Lot Portfolio, located within the heart of the Linwood neighborhood (W. 7th District) of Fort Worth, Texas. The offering is comprised of two double +/- 0.32 AC lots, totaling +/- 0.654 AC. Developers will benefit from the UR zoning current ownership already secured, allowing construction to commence immediately after closing. As one of the fastest growing infill markets in the Nation, the Property boasts a coveted centralized location 0.38 miles north of W. 7th Street, 0.13 miles south of White Settlement Road and 0.25 miles east of University Drive, the dominant thoroughfares in the market. The Linwood neighborhood is a true walkable urban destination, providing its residents with convenient access to world renowned entertainment venues and countless amenities. Surrounding venues and developments include: the Foundry District, Montgomery Plaza, W. 7th Entertainment District, Fort Worth Cultural District, West Bank and Crockett Row, among others. Over the last several years, the W. 7th District has evolved into one of the most dynamic urban live, work, play destinations in the state of Texas. As a result of its strategic positioning, the Linwood neighborhood has experienced tremendous gentrification and growth. Today, the area is home to various high-end townhome, condo and multi-family projects. As Fort Worth’s most desired infill residential and commercial market, the barrier to entry is high, significantly limiting new entrants and developments. With limited double lots left, the offering is a true once-in-a-lifetime opportunity for townhome developers seeking immediate access to the coveted Linwood / W. 7th District.

INVESTMENT OVERVIEWEXECUTIVE SUMMARY

LOCATION:(1) 2801-2805 Weisenberger Street(2) 2804-2808 Weisenberger StreetFort Worth, Texas 76107

SALE PRICE:(1) 2801 - 2805: $600,000(2) 2804 - 2808: $600,000 TOTAL: $1,200,000

PRICE PER LOT:

2801: $300,0002805: $300,0002804: $300,0002808: $300,000AVERAGE: $300,000 (4 Lots)

LOT SIZE:

2801: 0.164 AC / 7,150 SF2805: 0.164 AC / 7,150 SF TOTAL: 0.3283 AC / 14,300 SF

2804: 0.161 AC / 7,096 SF2808: 0.161 AC / 7,099 SF TOTAL: 0.3259 AC / 14,195 SF

ZONING: UR

APN:

(1) 2801: 45630-11-10R(1) 2805: 45630-11-9R(2) 2804: 45630-6-19(2) 2808: 45630-6-18

UTILITIES: Full

INGRESS:Ingress / Egress along Weisenberger Street & Foch Street

WEIS

ENB

ERG

ER ST

REET

WEIS

ENB

ERG

ER ST

REET

2801 & 2805+/- 14,300 SF / 0.3282 AC

2804 & 2808+/- 14,195 SF / 0.3258 AC

2804 & 28082804 & 2808+/- 14,195 SF / 0.3258 AC+/- 14,195 SF / 0.3258 AC

2801 & 28052801 & 2805+/- 14,300 SF / 0.3282 AC+/- 14,300 SF / 0.3282 AC

WEISENBERGER STREET

WEISENBERGER STREET

FOC

H S

TR

EET

FOC

H S

TR

EET


INVESTMENT HIGHLIGHTSEXECUTIVE SUMMARY

• Rare townhome lot portfolio located within the dense infill Linwood Neighborhood - Fort Worth, Texas (W. 7th District)

• Two (2) double lots totaling 14,300 SF & 14,195 SF each - 28,495 SF or 0.65 AC for the portfolio at a below market $300K per lot

• Excellent centralized location - 0.11 miles / 2 minute to the Foundry District, 0.23 miles / 5 minute walk to Montgomery Plaza, 0.43 miles / 9 minute walk to the W. 7th Entertainment District, 0.79 Miles to Downtown Fort Worth, 0.82 miles to the Cultural District and 1.25 miles to Dickies Arena

• Both lots are shovel ready - includes a savings of over $75,000 for New Ownership!

• Approved high-density / coveted UR Zoning already in-place!

• New Ownership to have access to Seller’s utilities that have already been installed (2804 - 2808)

• Seller to provide all plans and reports (building, architectural, structural, MEP, Civil, landscape, geotechnical, and TOPO surveys)

• Replat complete with dedicated shared access

• Floodplain development permit approved!

• Permit fees have already been paid & city has dedicated funds to replace the old sewer main (sewer tap and impact fees will be due)

• Approved urban forestry permit, street tree permit and all PACS fees paid

• Both lots located along the same block (Weisenberger Street) with ample other acquisitions nearby as needed for development plans.

LOCATION OVERVIEW


DFW LOCATION MAPLOCATION OVERVIEW

DOWNTOWN FORT WORTHDOWNTOWN FORT WORTH

MONTGOMERY PLAZAMONTGOMERY PLAZATHE FOUNDRY DISTRICTTHE FOUNDRY DISTRICTWHITE SETTLEMENT DISTRICTWHITE SETTLEMENT DISTRICT

PANTHER ISLANDPANTHER ISLAND

2804 & 28082804 & 2808+/- 14,195 SF / 0.3258 AC+/- 14,195 SF / 0.3258 AC 2801 & 28052801 & 2805

+/- 14,300 SF / 0.3282 AC+/- 14,300 SF / 0.3282 AC

WEI

SEN

BERG

ER S

TREE

T

WEI

SEN

BERG

ER S

TREE

T

FOCH STREET

FOCH STREET

WHITE SETTLEMENTE ROAD

WHITE SETTLEMENTE ROAD

CARROLL STREETCARROLL STREET

LINWOODLINWOOD

LEFT BANKLEFT BANK


AERIAL - CLOSELOCATION OVERVIEW

BA

ILEY A

VEN

UE

BA

ILEY A

VEN

UE

W. LANCASTER AVENUE

W. LANCASTER AVENUE

CAMP BOWIE BOULEVARDCAMP BOWIE BOULEVARDTHE FOUNDRY DISTRICTTHE FOUNDRY DISTRICT


WHITE SETTLEMENT DISTRICTWHITE SETTLEMENT DISTRICT

W. 7TH DISTRICTW. 7TH DISTRICT FORT WORTH CULTURAL DISTRICTFORT WORTH CULTURAL DISTRICT

MUSEUM PLACEMUSEUM PLACE

W. 7TH STREET

W. 7TH STREET

WHITE SETTLEMENT ROAD

WHITE SETTLEMENT ROADUNIVERSITY PARKUNIVERSITY PARK

MONTICELLOMONTICELLO

PARK 7 DISTRICTPARK 7 DISTRICT

NEAR SOUTHSIDE DISTRICTNEAR SOUTHSIDE DISTRICT

CARROLL STREET

CARROLL STREET

MONTGOMERY PLAZAMONTGOMERY PLAZA

LEFT BANKLEFT BANK

UNIVERSITY DRIVE

UNIVERSITY DRIVE

DICKIE’S ARENADICKIE’S ARENA

TCUTCU

CROCKETT ROWCROCKETT ROW


TRADE AREA MAPLOCATION OVERVIEW

W. LANCASTER AVENUEW. LANCASTER AVENUE

W. 7TH STREETW. 7TH STREET

FOC

H S

TR

EET

FOC

H S

TR

EET

UN

IVER

SITY

DRI

VE

UN

IVER

SITY

DRI

VE

WHITE SETTLEMENT ROADWHITE SETTLEMENT ROAD

CA

RR

OLL ST

REET

CA

RR

OLL ST

REET

BAILEY AVENUE

BAILEY AVENUE

THE FOUNDRY DISTRICTTHE FOUNDRY DISTRICT

WHITE SETTLEMENT DISTRICTWHITE SETTLEMENT DISTRICT

W. 7TH ENTERTAINMENT DISTRICTW. 7TH ENTERTAINMENT DISTRICT

LEFT BANKLEFT BANKMONTGOMERY PLAZAMONTGOMERY PLAZA

LINWOODLINWOOD

PANTHER ISLANDPANTHER ISLAND

UNIVERSITY PARKUNIVERSITY PARK

MUSEUM PLACEMUSEUM PLACE

CULTURAL DISTRICTCULTURAL DISTRICT


LOCATION OVERVIEWTRADE AREA MAP


W. 7TH DISTRICTW. 7TH DISTRICT

CULTURAL DISTRICTCULTURAL DISTRICT

THE FOUNDRY DISTRICTTHE FOUNDRY DISTRICT

1.25 MILES1.25 MILES



MONTGOMERY PLAZAMONTGOMERY PLAZA

0.23 M

ILES

0.23 M

ILES

DICKIES ARENADICKIES ARENA&&

WILL ROGERS COLLESIUMWILL ROGERS COLLESIUM

0.79

MILES

0.79

MILES

0.11 MILES

0.11 MILES


LOCATION OVERVIEWSURROUNDING AMENITIES


LOCATION OVERVIEWDEMOGRAPHICS

1 MILE 3 MILE 5 MILE

TOTAL POPULATION: 10,038 94,045 265,801

POPULATION GROWTH RATE: 4.27% 2.31% 1.52%

TOTAL HOUSEHOLDS: 4,956 35,925 91,289

HOUSEHOLD GROWTH RATE: 4.33% 2.60% 1.52%

AVERAGE HOUSEHOLD INCOME: $95,352 $84,000 $74,089

MEDIAN HOUSEHOLD INCOME: $76,163 $55,735 $48,262

MEDIAN AGE: 34.1 35.2 32.4

BUSINESSES: 1,381 7,819 13,458

EMPLOYEES: 17,490 125,412 190,727

% WHITE: 49.80% 45.20% 39.92%

% HISPANIC: 30.75% 33.38% 35.25%

MARKET OVERVIEW


Fort Worth is the 15th-largest city in the United States and the No. 1 tourist destination in Texas, welcoming more than 10 million visitors annually. Fort Worth is the county seat of Tarrant County, covering close to 350 square miles. The core of Fort Worth is comprised of eight primary entertainment districts each offering distinct dining, shopping, entertainment and cultural amenities. In only a few days you can enjoy a range of experiences: from Nascar racing to rodeos, world-class museums, fine cuisine and boutique shopping to horseback riding and Texas BBQ, Fort Worth has it all. Home to the Kimbell Art Museum, Modern Art Museum of Fort Worth, Amon Carter Museum of American Art (three of the most distinguished museums in the World), as well as, the Fort Worth Zoo (ranked #5 best zoo by USA Today), Fort Worth Stockyards and Will Rogers Memorial Coliseum, Fort Worth exhibits Texas’ cowboy roots and diversity. Over the last several decades, Fort Worth, along with the DFW-Metroplex, has experienced historic growth few cities have seen. Between 2016 and 2017, Fort Worth ranked #4 in terms of population gain, only trailing San Antonio, neighboring Dallas and Phoenix. According to the U.S. Census Bureau, Fort Worth was the fastest growing “large city” with more than 500,000 population between 2000 and 2010. Fort Worth’s growth rate shows no signs of slowing. By 2040, the population is expected to skyrocket from 875,000 today to almost 1.2 million. One of the many generators attributing to such explosive growth is due to Fort Worth’s cost of living, currently at 14% below the national average. As one of America’s fastest growing and affordable cities, the future couldn’t be brighter.

Also contributing to its unprecedented success is Fort Worth’s dynamic and diversified job market and economy. Forbes recently ranked Fort Worth #4 in their annual “best big cities for future job growth”, with a projected annual job growth of 3.5%. The city enjoys a multitude of flourishing industries, in great part due to the foundation created by the headquarters for American Airlines, Lockheed Martin, Bell Helicopter and BNSF Railway. Most importantly, Fort Worth’s resilient healthcare and energy sectors have helped Fort Worth prosper during cyclical times that often daunt non-diversified economies. The Fort Worth Medical District, home to Cooks Children, Harris Methodist, among numerous other acclaimed medical schools and hospitals, financially supports a wide range of professionals from the technicians, nurses and doctors to medical technology and healthcare service companies. The Barnett Shale, the largest natural gas field in the United States, continues to create tremendous wealth for the residents and city of Fort Worth.

MARKET OVERVIEWFORT WORTH OVERVIEW


#1 Top Metro For Talent Attraction

#1 Best Cities For Jobs

#1 Greatest Art Destina-tions In The World

#1 Best Places To Live #1 Percent Job Growth

TOP Medical Districts In The Nation

#1 Real Estate Market - 2016

#1 Growth Rate In The Na-tion - 2000 to 2013

#16 Largest City In The Nation

#1 City To Start A Small Business

#1 Most Livable Communi-ties

Top Cities For Job Seekers

MARKET OVERVIEWWHY FORT WORTH?


The Dallas/Fort Worth Metroplex (DFW) is a dynamic 12-county region made

up of Dallas, Fort Worth, and another 150 municipalities. The DFW Metroplex

is the largest urban agglomeration in Texas and the fourth largest in the

United States spanning an area of 9,286 square miles with a population of

approximately 7.1 million people. As the fourth fastest growing region in the

United Sates, the DFW population in 2016 was 33.6% higher than in 2000

according to data from Neilson Claritas; by the year 2030, it is projected

that over 10.5 million people will be living in the Metroplex according to the

Dallas Regional Chamber.

The DFW region is the most economically diverse region in the state of

Texas. The GDP of North Texas is estimated to be $486 Billion, and if DFW

were its own state it would be the 9th largest in the Nation and 23rd largest

country in the World, behind Taiwan. Twenty Fortune 500 companies have

their headquarters in DFW. DFW is connected to the world by the nation’s

fourth busiest airport and is served by 55 international flights. DFW has the

largest workforce in the state of Texas totaling over 3.51 million people, and

34.20% of the population 25 and older have a bachelor’s degree or higher. In

DFW, there are 33 colleges and universities, 157 public school districts and

96 public charter schools, according to the North Texas Commission.

Dallas/Fort Worth consistently ranks as a top market for job growth over the

short and long term due to its central location, pro-business environment

and strong economy. Historically a leader with respect to job growth, DFW

added 717,000 jobs since 2010 and 120,500 jobs in 2016 alone, equating to a

3.50% increase to the employment base. Dallas/Fort Worth as well as Texas,

continuously boast an unemployment rate lower than the National Average

(4.30%). As of Today, DFW enjoys an average unemployment rate of 3.80%.

MARKET OVERVIEWDFW MARKET OVERVIEW

DISCLAIMER


Davidson & Bogel Real Estate, LLC: The information contained in this

document pertaining to the Weisenberger Townhome Lot Portfolio

in Fort Worth, Texas “Property” has been obtained from sources

believed reliable. While DB2RE does not doubt its accuracy, DB2RE

has not verified the information and makes no guarantee, warranty

or representation about the information contained in this package.

It is your (Purchaser) responsibility to independently confirm the

accuracy and completeness of the information. Any projections,

opinions, assumptions or estimates used herein are for example

only and does not represent the current or future performance of

the property. The value of this transaction to you depends on tax

and other factors which should be evaluated by your tax, financial

and legal advisors. You and your advisors should conduct a care-

ful, independent investigation of the property to determine to your

satisfaction the suitability of the property for your needs. Photos

herein are the property of their respective owners and use of these

images without the express written consent of the owner is pro-

hibited. DB2RE and the DB2RE logo are service marks of Davidson

& Bogel Real Estate, LLC and/or its affiliated or related companies

in the United States and other countries. All other marks displayed

as well as any elements of this document are the property of their

respective owners and DB2RE. No transmission of this document

is permitted without written consent from DB2RE. As a condition

of DB2RE’s consent to communicate the information contained

herein–as well as any information that may be communicated to

you subsequently either verbally or in writing by DB2RE, owner or

agents of either of these parties regarding the Property – it is re-

quired that you agree to treat all such information confidentially.

DISCLAIMERDISCLOSURE

APPROVED BY THE TEXAS REAL ESTATE COMMISSION FOR VOLUNTARY USE.TEXAS LAW REQUIRES ALL REAL ESTATE LICENSEES TO GIVE THE FOLLOWING INFORMATION ABOUT BROKERAGE SERVICES TO PROSPECTIVE BUYERS, TENANTS, SELLERS AND LANDLORDS. (01A TREC NO. OP-K)

INFORMATION ABOUT BROKERAGE SERVICES:Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an inter-mediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; buyer: and(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

IF YOU CHOOSE TO HAVE A BROKER REPRESENT YOU:You should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

DAVIDSON BOGEL REAL ESTATE, LLC 9004427 [email protected] 214-526-3626

LICENSED BROKER / BROKER FIRM NAME LICENSE NO. EMAIL PHONE

MICHAEL EDWARD BOGEL II 598526 [email protected] 214-526-3626

DESIGNATED BROKER OF FIRM LICENSE NO. EMAIL PHONE

MICHAEL CAMERON DEPTULA 622382 [email protected] 214-526-3626

LICENSED SALES AGENT / ASSOCIATE LICENSE NO. EMAIL PHONE


DISCLAIMERBROKERAGE SERVICES

CAMERON DEPTULA


DALLAS, TX 75204

C: (214) 497-0276


WWW.DB2RE.COM

EXCLUSIVELY MARKETED BY:

SAM HOOGLAND


DALLAS, TX 75204

C: (847) 899-6824


WWW.DB2RE.COM

weisenberger townhome LOT portfolio0.65 ac | 2801 - 2805 & 2804 - 2808 | WEISENBERGER STREET | FORT WORTH, TEXAS 76107

weisenberger townhome lot portfolio · weisenberger lot portfolio | fort worth, tx | 2 cameron...

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