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Gramercy Place 2 6825 Manhattan Blvd 19,924 SF 94% Leased Office Building Fort Worth, TX 76120 $2,950,000 ($148.06/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Single Story, Walk up Medical and Office
- Stabilized Property with consistent Cashflow, Value Add opportunity to continue pushing rates to market and convert remaining leases to NNNs
- Flexible Zoning with Ft. Worth Address
EXECUTIVE SUMMARY
6825 Manhattan Blvd is a 19,924-square-foot, single-story, multi-tenant medical office building in Fort Worth, Texas. The property is anchored by Cook Children’s Medical, a premier healthcare provider that brings long-term stability and enhances the building’s tenant mix. As a regional destination for pediatric care, Cook Children’s generates strong foot traffic and visibility, creating synergy for surrounding businesses and medical users. The property is stabilized at 94% occupancy and provides excellent cashflow while the next owner has the opportunity to continue pushing rents to market rate, converting leases to NNN, and/or retain the current tenant or take the ability to occupy a foot print in the East Wing. The building has been renovated in 2025 with new HVACs, Building System Updates, ADA compliant bathrooms, Monument Sign, and a new Roof in 2022 with some additional TPO improvements in 2025 included with the new HVACs.
Positioned on Manhattan Boulevard, —across from Manhattan Plaza— the asset offers excellent accessibility and exposure. Zoned E in Fort Worth, the property supports office, medical, and retail uses. The City of Fort Worth has approved plans for the residential subdivision surrounding the property to turn Manhattan Blvd into a thoroughfare connecting the street with Randol Mill Rd. and John T. White Rd. As the residential development reaches its next phase, the anticipated completion is set for 2026 and bring both increased surrounding roof tops and additional accessibility to Manhattan Blvd. With immediate access to E Loop 820 and I-30, the location serves a robust five-mile population of approximately 403,800 residents.
Positioned on Manhattan Boulevard, —across from Manhattan Plaza— the asset offers excellent accessibility and exposure. Zoned E in Fort Worth, the property supports office, medical, and retail uses. The City of Fort Worth has approved plans for the residential subdivision surrounding the property to turn Manhattan Blvd into a thoroughfare connecting the street with Randol Mill Rd. and John T. White Rd. As the residential development reaches its next phase, the anticipated completion is set for 2026 and bring both increased surrounding roof tops and additional accessibility to Manhattan Blvd. With immediate access to E Loop 820 and I-30, the location serves a robust five-mile population of approximately 403,800 residents.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
19,924 SF
Building Class
B
Year Built/Renovated
1985/2025
Price
$2,950,000
Price Per SF
$148.06
Cap Rate
7.50%
NOI
$221,250
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,924 SF
Building FAR
0.41
Lot Size
1.11 AC
Zoning
F1 Commercial - Community Commercial: zoned for office, medical, retail use.
Zoned E in Tarrant County
Parking
125 Spaces (6.27 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Signage
- Skylights
- Kitchen
- Central Heating
- High Ceilings
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 04851706 | Improvements Assessment | $945,100 |
| Land Assessment | $144,900 | Total Assessment | $1,090,000 |
PROPERTY TAXES
Parcel Number
04851706
Land Assessment
$144,900
Improvements Assessment
$945,100
Total Assessment
$1,090,000
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Gramercy Place 2 | 6825 Manhattan Blvd
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