UTILITY FLEET PORTFOLIO
Our Texas utility portfolio includes two properties with multiple buildings that comprise more than 75,000 square feet on over 36 1/2 acres of real estate in Fort Worth and Bryan, Texas.
Our tenant, Utility Fleet Sales ("Utility Fleet") (utilityfleetsales.com), is one of the fastest growing independent utility vehicle dealers in America. Utility Fleet is an industry leader in providing the highest quality new and used utility construction vehicles to customers throughout the United States and to over two dozen foreign countries. The Bryan facility was built specifically for Utility Fleet and the Fort Worth location was completely renovated in 2014 for the Tenant's operational needs. Utility Fleet's operations include facilities comprising 55 service bays, multiple overhead cranes, multiple heavy truck lifts, infrastructure to load/unload heavy equipment for transport, two full body shops, and the latest computer diagnostic equipment.
Utility Fleet is owned by the Blackstone Group, who acquired the business in Q1 2015 and who has been rapidly expanding the business as part of a strategic consolidation.
Fort Worth, Texas
- Asset Type Industrial Manufacturing
- Year Built 2014 (complete renovation)
- Square Feet 48,300±
- Land Area 7.87 acres ±
- Occupancy 100%
- Tenant Single Tenant - Utility Fleet
- Lease Type Triple Net