Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1983
Building Area
Land Area

Property Description

Jones Lange LaSalle (JLL) has been exclusively retained by the Owner to offer qualified investors an opportunity to acquire Burnett Plaza – a 40-story, 1,024,627-square-foot, Class A office tower and parking garage located in Downtown Fort Worth, Texas. Burnett Plaza is Fort Worth’s tallest building, making the property a truly iconic tower with a prestigious address. Additionally, the offering includes a 1.38-acre development site adjacent to Burnett Plaza.

Since opening in 1983, this fixture of the Fort Worth skyline has had four institutional owners, the most recent of which has invested significant capital in improvements over the past seven years. Burnett Plaza provides today’s investor the opportunity to own stable, immediate cash flow with a weighted average lease term of 7.9 years.

Investment Highlights

• 84% leased, Class A office building and garage in the heart of the Fort Worth CBD

• Diversified tenant roster with average remaining term of 7.9 years

• In-place office rents of $25.00 PSF Plus E, which is 4% below market rates of $26.00 PSF Plus E

• An additional 1.38 acre site is available for development of a residential tower, hotel or additional office parking (Zoned “H” Central Business)

• Prime location fronting the two-acre Burnett Park and within walking distance to Sundance Square

• Superior on-site amenities including a new conference center/lounge, complimentary shuttle to Sundance Square, café, hair salon, and convenience store

Last Updated Date: 14 Oct 2020
Jack Crews
Jack Crews
Senior Managing Director, Capital Markets
Todd Savage
Todd Savage
Senior Managing Director, Capital Markets
License details
TX-0509026

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Last Updated Date: 14 Oct 2020

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