Attractive Office Facility + Re-Use Potential 9500 Glascock Drive 60,000 SF 4-Star Office Building Cresson, TX 76035 $13,610,220 CAD ($226.84 CAD/SF)

Delve into the wealth of possibilities this sale offers and meet Cresson’s swelling population with a unique destination at 9500 Glascock Drive.

The single-story, 60,000-square-foot, facility was built in 2009 with a distinct brick exterior and had its steel frame structure and pitched metal roof replaced in 2022. The interior has a general office finish with a foyer, numerous private offices, a conference room, large meeting rooms, three kitchen/break rooms, and multiple restrooms. Other features include a fire suppression sprinkler system and 407 parking spaces on an expansive 13.45-acre lot.

The building is owned by an energy company that is moving to expand, making it a turnkey opportunity for traditional office users. However, the room-lined hallways, adjustable partitioned walls, and expansive cafeteria space allow for easy educational conversion for charter schools, satellite college campuses, or adult training centers. Ground-floor access also makes this ideal for health care services like an ambulatory surgery center, memory care, specialty practices, or assisted living. Industrial zoning opens up the potential for warehouse redevelopment as it is part of the Cresson Crossroads Business Park.

Situated near the heart of Cresson, the crossroads of Highways 171 and 377, 9500 Glascock Drive is primed to be a central fixture of this rapidly transforming area. The city is about 30 minutes from Downtown Fort Worth and is a pivotal hub for the metro's southwest region because of its location at the corners of Hood, Johnson, and Parker Counties. While the area has historically been a prominent locale for industrial operations, new single-family homes, and office tenants have been popping up, as evidenced by increasing migration figures and rising rental rates. Many of the new residents are highly affluent, with an average household income of $119,811 contributing to $632 million in annual consumer spending within a 10-mile radius. The local government is already preparing for the swelling population with the US 377 Cresson Relief Route project, which will make a new four-lane highway that steers traffic around the city center.