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Turnkey Modern Office | West Fort Worth 2821 Lackland Rd 51,098 SF Vacant Office Building Online Auction Sale Fort Worth, TX 76116


Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- The Lackland Center offers a value-add modern office facility with a high-profile location in a sought-after West Fort Worth commercial hub.
- Flexible floor plans with mostly open layouts, private offices, and conference spaces, with rich natural lighting from floor-to-ceiling windows.
- Easily accessible location with connectivity to Interstates 30 and 820, allowing businesses to tap into the DFW’s robust regional workforce.
- Delivered vacant with single- and multi-tenant potential, offering significant advantages for immediate occupancy or leasing by a new owner.
- Includes a neighboring 0.51-acre parcel of paved land with flexible FR zoning, offering added long-term potential for a new development project.
- Within an established retail hub near industry-leading brands like Walmart Supercenter, Lowe’s, LA Fitness, Petco, Starbucks, Whataburger, and more.
EXECUTIVE SUMMARY
The Lackland Center, situated at 2821 Lackland Road in Fort Worth, Texas, stands as a premier investment opportunity in Tarrant County, offered well below replacement cost. This modern and adaptable office property encompasses 51,098 square feet distributed across three floors, offering ample space for a variety of business needs. Delivered vacant, the building presents versatility for either single or multi-tenant occupancy, making it an ideal choice for both owner/users seeking a flagship location and investors searching for value-add potential.
Originally constructed in 1974, the property has been expertly maintained, ensuring a high-quality environment for today's businesses. Features include passenger elevators, a robust camera security system, and abundant on-site parking for 235 vehicles, with covered parking options available. The interior layout boasts flexible open floor plans, complemented by numerous private offices and collaborative areas. Floor-to-ceiling windows flood the workspace with natural light, creating an inviting and productive atmosphere.
The Lackland Center is positioned on a 1.79-acre lot with a neighboring parcel measuring 0.51 acres located directly across Sappington Place, which is included in the sale. This excess land enhances the long-term value for a new owner by offering significant development opportunities. Flexible FR zoning (General Commercial) allows for a wide range of uses, including office, retail, restaurant, or medical projects, supporting future growth and diversification.
Situated in an easily accessible position, with connectivity to IH 30 and IH 820, The Lackland Center enjoys a high-profile location in coveted West Fort Worth, just 7 miles from Downtown. These vital nearby arteries facilitate seamless commutes from across the DFW Metroplex, allowing tenants to tap into a valuable regional workforce. The surrounding area is an established retail hub that offers industry-leading shopping and dining options within 10 minutes of the property, including Walmart Supercenter, Lowe’s, Sprout’s Farmers Market, LA Fitness, Petco, Starbucks, Krispy Kreme, Whataburger, Applebee’s, Olive Garden, and much more, enhancing appeal and convenience for employees.
Investors will find significant value-add potential at The Lacklund Center, fueled by impressive fundamentals in the West/Southwest Fort Worth Office Submarket. Currently, vacancies in the area sit at just 7.3% vacancies, well under the metro average of 17.8%. This demonstrates the desirability of the region for commercial tenants, with major presences in the area for the healthcare and defense sectors. Supporting these large operations is a daytime workforce of more than 119,000 within 5 miles of the property. More than 36% of these locals carry a bachelor’s degree or higher, providing excellent skilled labor availability to drive stable business growth for tenants at The Lacklund Center.
Property tours are by appointment only. Please contact the listing broker to schedule.
Originally constructed in 1974, the property has been expertly maintained, ensuring a high-quality environment for today's businesses. Features include passenger elevators, a robust camera security system, and abundant on-site parking for 235 vehicles, with covered parking options available. The interior layout boasts flexible open floor plans, complemented by numerous private offices and collaborative areas. Floor-to-ceiling windows flood the workspace with natural light, creating an inviting and productive atmosphere.
The Lackland Center is positioned on a 1.79-acre lot with a neighboring parcel measuring 0.51 acres located directly across Sappington Place, which is included in the sale. This excess land enhances the long-term value for a new owner by offering significant development opportunities. Flexible FR zoning (General Commercial) allows for a wide range of uses, including office, retail, restaurant, or medical projects, supporting future growth and diversification.
Situated in an easily accessible position, with connectivity to IH 30 and IH 820, The Lackland Center enjoys a high-profile location in coveted West Fort Worth, just 7 miles from Downtown. These vital nearby arteries facilitate seamless commutes from across the DFW Metroplex, allowing tenants to tap into a valuable regional workforce. The surrounding area is an established retail hub that offers industry-leading shopping and dining options within 10 minutes of the property, including Walmart Supercenter, Lowe’s, Sprout’s Farmers Market, LA Fitness, Petco, Starbucks, Krispy Kreme, Whataburger, Applebee’s, Olive Garden, and much more, enhancing appeal and convenience for employees.
Investors will find significant value-add potential at The Lacklund Center, fueled by impressive fundamentals in the West/Southwest Fort Worth Office Submarket. Currently, vacancies in the area sit at just 7.3% vacancies, well under the metro average of 17.8%. This demonstrates the desirability of the region for commercial tenants, with major presences in the area for the healthcare and defense sectors. Supporting these large operations is a daytime workforce of more than 119,000 within 5 miles of the property. More than 36% of these locals carry a bachelor’s degree or higher, providing excellent skilled labor availability to drive stable business growth for tenants at The Lacklund Center.
Property tours are by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Taxes
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
51,098 SF
Building Class
C
Year Built
1974
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
17,033 SF
Building FAR
0.51
Lot Size
2.30 AC
Parcel Numbers
Zoning
FR and A-5 - Retail, Healthcare, Hospitality, SFR, etc.
Parking
235 Spaces (4.6 Spaces per 1,000 SF Leased)
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
9,575
101,722
218,641
2020 Population
9,245
94,779
206,711
2029 Population
10,116
108,105
231,660
2024-2029 Projected Population Growth
5.7%
6.3%
6.0%
Daytime Employees
7,998
51,782
119,455
Total Businesses
968
5,508
12,404
Average Household Income
$79,789
$76,480
$90,449
Median Household Income
$56,933
$50,883
$62,709
Total Consumer Spending
$115M
$1.1B
$2.7B
Median Age
37.4
36.0
35.6
2024 Households
4,497
44,419
91,919
Percent College Degree or Above
23%
19%
22%
Average Home Value
$420,006
$375,354
$392,799
SALE ADVISORS
Tom Strohbehn, Principal, Capital Markets
After a brief stint in commercial construction and marketing, Tom began his real estate career in 2004. As a member of the Younger Partner’s Capital Markets Group, Tom is responsible for the disposition of investment properties for financial institutions, banks, special servicers, pension funds, REITs, corporate users, and private investors. Tom specializes in financial analysis, cash-flow modeling, real estate valuation/underwriting, lease analysis, debt and market analysis. Additionally, Tom is responsible for business development and the design and execution of marketing strategies. Prior to joining Younger Partners, Tom was with Cushman & Wakefield for seven years and with the Grubb & Ellis Investment Services Group for eight years prior. Mr. Strohbehn has analyzed, underwritten, and valued more than $3 billion worth of commercial property. Mr. Strohbehn has completed over 22.2 million square feet of commercial transactions with a market value in excess of $1.5 billion. Before joining Grubb & Ellis, Mr. Strohbehn held positions at Rapp Collins Worldwide and Orr Construction Management.
Scot Farber, Managing Principal
Managing Principal at Younger Partners focused on Office, Flex and Industrial. In charge of real estate dispositions and investment sales for financial institutions, banks, special servicers, debt funds, pension funds, REITs, corporate users and private investors throughout the Southwest.
Scot has been consistently recognized as one of the region’s top brokers and has been a finalist of D Magazine’s Power Broker and The Dallas Business Journal's Heavy Hitter List nearly 20 times.
Completed over 290 investment sales assignments ranging in size from 26,000 sq. ft. to 1,850,000 sq. ft. valued in excess of $5.0 billion.
Former Executive Managing Director with Cushman and Wakefield and a Top Producer. Former Executive Vice President at Grubb and Ellis. Top Producer at Grubb & Ellis Company either locally or regionally or nationally every year.
Scot has been consistently recognized as one of the region’s top brokers and has been a finalist of D Magazine’s Power Broker and The Dallas Business Journal's Heavy Hitter List nearly 20 times.
Completed over 290 investment sales assignments ranging in size from 26,000 sq. ft. to 1,850,000 sq. ft. valued in excess of $5.0 billion.
Former Executive Managing Director with Cushman and Wakefield and a Top Producer. Former Executive Vice President at Grubb and Ellis. Top Producer at Grubb & Ellis Company either locally or regionally or nationally every year.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Turnkey Modern Office | West Fort Worth | 2821 Lackland Rd
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