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STS Tower 515 Houston St 96,418 SF 55% Leased Office Building Fort Worth, TX 76102 For Sale
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire an historic 78% leased office building in the heart of downtown Fort Worth and Sundance Square
- Long-term value enhancement due to below market rates
- State of the art technology infrastructure provides electricity savings
- Stable income stream from CVS Pharmacy and other major tenants
- Ability to add significant value by leasing the available space on the fourth, sixth and eight floors
- Nearby parking garages offer convenient and affordable parking options for tenants
EXECUTIVE SUMMARY
This architecturally striking building sits on a 10,000 square foot parcel at the northeast corner of Houston Street and W. 5th Street and consists of approximately
85,329 rentable square feet.
The 78% leased office building is in the heart of the Fort Worth Central Business District and adjacent to Sundance Square, the world renowned redevelopment of
the northern portion of downtown. Major tenants include CVS Pharmacy, Lumen, Harrison Steck, Neel-Schaffer, among others. While a viable true investment property, there is adequate space available for occupancy by an owner/user with the entire fourth and eighth floor available.
The building features up to 21,523 square feet of available space for lease including 8,953 square feet on the top floor of the building, recently finished out as an ultrahigh
end spec suite. The Property, comprised of an eight-story, plus mezzanine level, basement and subbasement office building was designed by Wiley G. Clarkson and was constructed in 1924. The building originally housed the Sanger Brothers department store.
PROPERTY FACTS
AMENITIES
- Air Conditioning
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The entire 4th floor is currently in shell condition - can be build-to suit
Two private offices
Five private offices and large conference room.
Brand new, state-of-the-art high-tech built-out spec suite on the top floor of the Sanger building. This space has to be one of the most upgraded office spaces in downtown Fort Worth. This historic property is next door to the west of the Sinclair Hotel Autograph Collection and was constructed in 1925. Initially home to Sanger Brothers Department Stores, then Meacham's and then the office headquarters for Color Tile prior to being purchased in 1997 by the current ownership. The property has undergone a complete renovation with all new systems. The property also offers features such as low voltage lighting and other technology. The 8th floor offers a large reception area, open work spaces, large cafe and five private offices and large board/conference room.
| Space | Size | Space Use | Condition | Available |
| 4th Fl-Ste 400 | 8,953 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 610 | 542 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 620 | 3,075 SF | Office | Full Build-Out | Now |
| 8th Fl-Ste 800 | 8,953 SF | Office | Full Build-Out | Now |
4th Fl-Ste 400
| Size |
| 8,953 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 610
| Size |
| 542 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 620
| Size |
| 3,075 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
8th Fl-Ste 800
| Size |
| 8,953 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size | 8,953 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The entire 4th floor is currently in shell condition - can be build-to suit
6th Fl-Ste 610
| Size | 542 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Two private offices
6th Fl-Ste 620
| Size | 3,075 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Five private offices and large conference room.
8th Fl-Ste 800
| Size | 8,953 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Brand new, state-of-the-art high-tech built-out spec suite on the top floor of the Sanger building. This space has to be one of the most upgraded office spaces in downtown Fort Worth. This historic property is next door to the west of the Sinclair Hotel Autograph Collection and was constructed in 1925. Initially home to Sanger Brothers Department Stores, then Meacham's and then the office headquarters for Color Tile prior to being purchased in 1997 by the current ownership. The property has undergone a complete renovation with all new systems. The property also offers features such as low voltage lighting and other technology. The 8th floor offers a large reception area, open work spaces, large cafe and five private offices and large board/conference room.
PROPERTY TAXES
| Parcel Number | 00004456 | Improvements Assessment | $12,822,901 CAD |
| Land Assessment | $1,268,199 CAD | Total Assessment | $14,091,100 CAD |
PROPERTY TAXES
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STS Tower | 515 Houston St
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