Attractive Office Facility + Re-Use Potential | 9500 Glascock Drive
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Attractive Office Facility + Re-Use Potential 9500 Glascock Drive
60,000 SF Office Building Cresson, TX 76035 $13,820,332 CAD ($230 CAD/SF)
Virtual Tour
Investment Highlights
- 9500 Glascock Drive is a single-story, 60,000-square-foot office building situated on 13.45 acres in the Cressons Crossroads Business Park.
- Suited for many uses, including a turnkey office, health care due to ground-floor access, an academic center, and a warehouse via industrial zoning.
- Join a flourishing area as the population within a 5-mile radius grew by 77% from 2010 to 2023 and is projected to jump another 16% through 2028.
- Featuring many private offices, modular meeting and conference rooms, multiple restrooms, three kitchen/break rooms, and 407 parking spaces.
- Located within three counties, Cresson is 30 minutes from Downtown Fort Worth, 16 from Granbury, and 25 from Weatherford, another burgeoning hub.
- Sale leaseback opportunity: Owner is willing to do leaseback for half of the facility for a year after purchase.
Executive Summary
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.
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.
Sale Flyer
Property Facts
Sale Type
Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
60,000 SF
Building Class
B
Year Built/Renovated
2009/2020
Price
$13,820,332 CAD
Price Per SF
$230 CAD
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
60,000 SF
Building FAR
0.10
Land Acres
13.45 AC
Zoning
Industrial
Parking
6.78 Spaces per 1,000 SF Leased
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
735
1,668
3,354
2024 Population
831
1,892
3,747
Population Growth '20-'24
13.1%
13.4%
11.7%
2020 Households
250
561
1,132
2024 Households
284
638
1,267
Household Growth '20-'24
13.6%
13.7%
11.9%
Average Age
35
37
38
Median Household Income
$79,605
$97,164
$107,465
Daytime Employees
296
483
1,094
Total Businesses
45
75
122
College Degree + Higher
27%
39%
44%
$ values in USD
PROPERTY TAXES
| Parcel Number | R000101678 | Improvements Assessment | $12,699,468 CAD |
| Land Assessment | $823,982 CAD | Total Assessment | $13,523,450 CAD |
PROPERTY TAXES
Parcel Number
R000101678
Land Assessment
$823,982 CAD
Improvements Assessment
$12,699,468 CAD
Total Assessment
$13,523,450 CAD
Sale Advisors
Sale Advisors
Nathan Vasseur, Principal
(682) 429-7400
Contact
As a lifelong resident of Fort Worth, Nathan Vasseur has extensive knowledge of both the Fort Worth market and culture. It is with this knowledge that he is able to help both companies and individuals find the best options to meet their needs. A graduate of the University of Texas in Austin, Vasseur specializes in sales and acquisitions as well as tenant representation working on behalf of both Investors and owner-operators. His recent transactions range from Office buildings and Vacant land to Retail and Industrial facilities. Nathan is a member of the Greater Fort Worth Association of Realtors, Texas Association of Realtors, National Association of Realtors, Society of Commercial Realtors and is a lifelong member of All Saints Episcopal Church. He currently serves on volunteer committee’s for the Boys and Girls Club of Fort Worth, Cowboy Santa’s and the Fort Worth Stock Show and Rodeo.
Gary Vasseur, Managing Director
(817) 929-4728
Contact
Gary Vasseur holds a B.B.A. from Texas Christian University and has been in the real estate business since 1971. His responsibilities include acquisition, sales, tenant/landlord representation, and property management. Over the past two years he has negotiated over 1,000,000 square feet of office and industrial space on both a lease and acquisition basis. He has consistently been a top producer of the company effectively representing an extensive number of property owners and clients. In addition, Vasseur has served on numerous committees for the Fort Worth Association of Realtors.
-
Nathan Vasseur -
Gary Vasseur -
Vasseur Commercial Real Estate
1 of 24
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Attractive Office Facility + Re-Use Potential | 9500 Glascock Drive
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.