Lightning fast sale of Historic Electric Building Apartments Lightning fast sale of Historic Electric Building Apartments https://www.recenter.tamu.edu/news/newstalk-texas/?Item=137372016-07-05T05:00:00Z2016-07-05T15:00:00Z

​FORT WORTH - Historic Electric Building Apartments, a multifamily and retail asset with 106 loft-style units and 10,000 sf of retail space has been sold.

“The property is a true value-add opportunity in heart of downtown Fort Worth,” says John Barker, a senior director of Marcus & Millichap’s National Multi Housing Group in Fort Worth.
The asset was marketed for just 20 business days, attracted interest nationally, and 18 offers were submitted. 

The building has a low income tax credit component that will expire in 2026.

Built in 1928 and converted to apartments and retail in 1994, the 109,956-rentable-sf property is located at 410 West 7th St. near Fort Worth’s financial district and cultural center. 

Burnett Park, a two-acre urban park, is one block away, the Fort Worth Convention Center is quite nearby, and Sundance Square is within one-half mile.

Listed on the National Register of Historic Places, the 18-story Historic Electric Building features terra cotta detailing, decorative friezes, locked intercom entry, three elevators, and a laundry facility.
Marcus & Millichap Real Estate Investment Services
Dallas-Fort Worth-Arlington

​Se​e DFW Multifamily Housing

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