Vista West Ii +389 Acres for Sale 11500 Old Weatherford Road | Fort Worth, Tx 820

RESIDENTIAL DEVELOPMENT OPPORTUNITY VISTA WEST II +389 ACRES FOR SALE 11500 OLD WEATHERFORD ROAD | FORT WORTH, TX 820

30 INVESTMENT CONTACTS

CUSHMAN & WAKEFIELD

CHRIS HARDEN Director +1 972 663 9680 [email protected]

RYAN DUFFIE Associate +1 972 663 9708 [email protected]

ROGER SHAFER Financial Analyst +1 972 663 9709 [email protected]

TABLE OF SECTION O1 CONTENTS 03 | EXECUTIVE SUMMARY

SECTION O2

05 | PROPERTY OVERVIEW

SECTION O3

09 | MARKET ANALYSIS

CUSHMAN & WAKEFIELD 2021 McKinney Avenue Suite 900 Dallas, TX 75201 Cushman & Wakefield | 2 EXECUTIVE SUMMARY

Cushman & Wakefield has been exclusively retained to execute the sale of the Vista West II property (the “Property”) located in Fort Worth, Texas. The Property, conveniently located just 12 miles from downtown Fort Worth, consists of ±389 acres of residentially zoned land with full access to utilities and road infrastructure.

The nearby area has recently seen a fury of new housing developments thereby creating a scarcity of large, zoned, undeveloped tracts of land currently available while simultaneously placing the Property in the path of growth. With home prices and population growth in DFW at historically high levels, the Property provides the ability to deliver workforce housing to major nearby employers like Lockheed Martin, Fort Worth Naval Air Station and Fort Worth ISD. Located less than 2 miles from Interstate 30 and Interstate 820, the Property also provides easy access to major thoroughfares connecting to major employment hubs, restaurants, retail, entertainment and sporting venues.

The Vista West II property affords developers the rare opportunity to acquire a large, residentially zoned tract of land located in one of the fastest growing areas for new housing development within the Dallas-Fort Worth MSA.

PROPERTY SUMMARY 820 Land Area: ± 389.94 Acres

Interest: Fee Simple Surface Rights 30 Debt: Free & Clear

Existing Zoning: R1 - Zero Lot Line / Cluster A-5 - One-Family C - Medium Density Multifamily CF - Community Facilities E - Neighborhood Commercial

Utilities: All available to site

Frontage: 5,061 feet on Old Weatherford Road

Floodplain: Zone A, Areas determined to be inside the 100-year floodplain

Asking Price: $10,000,000

Cushman & Wakefield | 3 INVESTMENT HIGHLIGHTS

RESIDENTIAL ZONING The Property provides developers with a variety of residential zoning uses ranging from single family dwellings to high density multi-family.

PATH OF GROWTH The Dallas-Fort Worth MSA led the nation in population growth in 2017 adding more than 400 new residents per day. The city of Fort Worth has seen tremendous growth with a current population of 850,000 and experts estimating that number to reach 1.5 million by 2040. This rapidly growing submarket has seen several new housing developments recently as more and more residents look for affordable housing options. In 2017, Fort Worth was named the 5th Best Large City for First-Time Home Buyers by WalletHub and one of the nation’s Top 20 Best Places to Live by U.S. News and World Report.

NEARBY EMPLOYMENT Fort Worth is a major employment and medical destination for the area with large companies such as American Airlines, Pier 1 Imports, Lockheed Martin Aeronautics and JPS Health Network with headquarters here. Additionally, the Property is in close proximity to the Fort Worth Naval Air Station (11,400 employees) and Fort Worth ISD (10,100 employees) allowing developers to deliver workforce housing.

ACCESS TO UTILITIES & INFRASTRUCTURE The Property has full access to utilities and road infrastructure thereby reducing the cost to developers and investors.

OUTSTANDING ACCESSIBILITY AND CONNECTIVITY Located less than 2 miles from Interstate 30 and Interstate 820, the Property also provides easy access to major thoroughfares connecting to major employment hubs, restaurants, retail, entertainment and sporting venues such as The Fort Worth Stockyards, Texas Motor Speedway, Bass Performance Hall, Kimball Art Museum, Fort Worth Zoo, Sundance Square, and the Botanic Gardens.

Cushman & Wakefield | 4 

 LOCATION

DENTON MAP  

35E 

OAK POINT   LITTLE ELM  35W FRISCO FAIRVIEW CORINTH E

A E

L L ARGYLE L ALLEN

I E

V K N S A

COPPER CANYON I LUCAS L O W 

V E  BARTONVILLE L NORTHLAKE A

35E PARKER L

 PLANO    FLOWER MOUND LEWISVILLE WYLIE

G R A 35W P

V  I N E

 L

 A K  E CARROLLTON RICHARDSON SACHSE PECAN ACRES  HASLET

SOUTHLAKE  KELLER DFW D  FARMERS BRANCH R

E INTERNATIONAL A ROWLETT A

G B

L AIRPORT E  GARLAND B

M ROCKWALL

U O U

BUS H N 

T COLLEYVILLE 35E   Y A I N L A K  E A R

NORTH

E SAGINAW  RICHLAND HILLS IRVING K HEATH EULESS  A BEDFORD L HURST

 SUNNYVALE LAKE WORTH

HALTOM CITY

 35W  

 MESQUITE WHITE  

SETTLEMENT DALLAS  FORNEY  

 GRAND PRAIRIE N  I E FORT WORTH A K 35E T N A U L K  O E BALCH SPRINGS  M E  R

N C

O T G  IN L

R ARLINGTON 

A  E K  Vista West II A L  BENBROOK SEAGOVILLE DUNCANVILLE

E KENNEDALE

K E A L  K K O EVERMAN A O  R  L B N E B L O O LANCASTER P DESOTO

35W E  RENDON O  J



35E

Cushman & Wakefield | 5



 N LOCATION

EAGLE MAP MOUNTAIN LAKE

14 MILES

17 MILES

13 MILES

LAKE WORTH 5 MILES 13 MILES

Vista West II 11 MILES

10 MILES DOWNTOWN FORT WORTH 11 MILES

11 MILES

6 MILES LAKE ARLINGTON

10 MILES 11 MILES

BENBROOK LAKE

Cushman & Wakefield | 6 Downtown Fort Worth 12 Miles N LOCATION MAP 30

Lockheed Martin Lake Worth 5 Miles 8 Miles 820 820

Chapel Creek Blvd

Old Weatherford Rd.

Direct access to I-30 via Chapel Creek Blvd. with dedicated exit/access ramp.

(Only 1.3 Miles from property)

Cushman & Wakefield | 7 N LOCATION Eagle Mountain Lake MAP

Lake Worth

Cushman & Wakefield | 8 8 8 8 0 8 82 R2 8 5 4 0 7 8 7 0 0 1 0 0 6 0 8 8 0 86 0 0 SITE 8 8 0 3 0 Legend 3 7 0 4 8 5 0 8 8 0 0 8 2 1 0 8 85 A-5 5 8 8 0 9 9 0 0 8 Existing Ownership SURVEY 0 8 TOTAL OWNERSHIP = 8 389.94 AC 5 0 8 86 AR 0 8 87 Existing Zoning 7 0

0 A-5 100yr Floodplain “CF” Community Facilities (26.13 Acres) 8 8 4 9 6 1 0 0 0 1 0 • Public facilities including churches, govt. offices, health services, public safety, 9 9 Electric & Gas8 4Esmt 0 1 0

9 0 colleges and schools, community and group homes, and recreation facilities. 8 0 Water Esmt 91 0 0 0 8 8 2 8 “A-5” One-Family (278.08 Acres) 8 C 9 0 • One-family detached dwellings (min. lot size 5,000 sq. ft.), churches, schools, 92 0 0 880 9 A-7.5 FANDOR ST parks, etc. CR

DORFAN ST HORNBY ST 50 “R1” Zero Lot Line / Cluster (44.62 Acres) 0 8

0 R CF

9 D

• One-family detached dwellings on a min. 3,000 sq. ft. lot R

Y D

D IVES ST

E K

E • One-family detached zero lot line dwellings on a min. 2,500 sq. ft. lot O

T Y

G F

N E

S ILLE DR L DEAUV

S R DEAUVILLE CIR N

• Two-family attached zero lot line dwellings on a min. 2,500 sq. ft. lot, w/ U

B W R F R E

L E EIS R HM I D R

8 A I N W C

maximum density of 13 dwelling units/acre C 8 8 AY E 40 L E

0 L E NOT OWNED T I L T T T EDGEWES ER V L E I U N V A-5 A U • Cluster of attached, detached, & ZLL dwellings w/ maximum density of 15 E N B A D A E 8 N L R1 D D 6 EAU 0 dwelling units/acre w/ min. 15% open space VILL T E C N IR S I WE O ST P PO C E INT • Plus all “B” uses 8 BL G 7 V A A-5 D L 0 L 0 I C V 9 8 8 A-5 C A-5 9 R 0 D

“C” Medium Density Multifamily (37.44 Acres) P

M L A IPA T • Multifamily dwelling units at a maximum density of 18 dwelling units / acre, N TR L R1 L O V per Sec. 6.506 of the Multifamily Unified Residential Development provisions. 8 80 0 H 85 IGHL AND RIDG “E” Neighborhood Commercial (3.67 Acres) E RD

0 D • All uses permitted in “ER”, plus retail sales, banks, restaurants, gasoline sales, 0 R BLU VISTA WEST II R1 E EST H ONE C R I D offices, bakeries, and Commercial alcohol sales for off premise consumption 850 L A 300.17 AC T 0 C S 89 VIS TA E and as part of food service. HEI A-5 GHT G S D BLV I D R T E A-5 E L “B” Two-Family F 0 AM 4 BLIN 8 G • One-family and two-family detached and attached dwellings (min. lot size 9 T L RL 0 L D E R 0 R 5,000 sq. ft. for two attached dwellings on a single lot R D A 8 N 8 B E 0 NOT R1 B OWNED • 7,500 sq. ft. min. lot size for two detached dwellings on a single lot) R1 VISTA WEST II • Plus all “A-5” and “AR” uses. 89.77 AC 890 A-5 OXBO “AR” One-Family Restricted W ST CF • One-family detached zero-lot line dwellings (min. lot size 3,500 sq. ft.), A-5 0 8 6 N 3 L 8 churches, schools, parks, etc. 0 D

E 8 B

8 Y 0 R1 R

O “ER” Neighborhood Commercial Restricted K 8 C I

2 H • Beauty/barber shops, bookstores, drug stores, studios and offices, public and 0 0 5 8 civic uses, nursing Commercial Restricted homes, and health care. Alcohol 1 8 0 BRADSHAW DR sales prohibited. OLD WEATHERFORD RD

0 Net Developable: 334.65 acres 8 5 30 8 8 0 4 R

0 5 D

D 810 8 T

Fort Wort, TX S

0 350 700 C

K H Vista West II

C Cushman & Wakefield | 9 W N 1 inch = 700 feet SouLrcea: Ensri,d Di gEitalGxlohbe,i GbeoiEtye, Earthstar Geographics, CNES/Airbus DSA, -5 USDA, USGSM,a Arecrho G20R1I8D, IGN, and the GIS User Community 820 870 870 900 840 910 830 850

900 870 820 830 0 400 800 Legend 870 840 910 910 830 Existing SS Line

900 1 Inch = 800 ft 910 SS Flow Direction

920

920 880

800 790 City Boundary

850 OFFSITE SANITARY Parcels 850 Zone A (100-Yr 810 Unstudied)

Zone AE (100-Yr 890 Studied) 860 880 N EXHIBIT Zone X (500-Yr) 2' Contours

890 WESTPOINT BLVD 10' Contours 910

830 890

860

890 880

810

900

870 810 Vista West II 820

840 830 880 900 840 840

870

Vista West II 860

900 890

840

810

820

870 890

810

880

850 800 OLD WEATHERFORD RD 840

810 EASEMENT SIGNED BY PROPERTY OWNER BUT NOT RECORDED

830 820

MEADOW GATE DR WAKECREST DR WAKECREST

800 810

SS-4 SANITARY SEWER 780 UPLIFT CHARTER SCHOOL CHAPIN VILLAGE PHASE 1 UNDER DESIGN AND EASEMENTS PER EASEMENTS PER PENDING PLAT 810 PENDING PLAT SS-1

790 830

PALMILLA SPRINGS FUTURE PHASE PP-05-077 770 SANITARY SEWER CHAPIN RD

UNDER DESIGN AND SS-5 750 PALMILLA SPRINGS EASEMENTS RECORDED FUTURE PHASE 790

760 PP-05-077 SS-2 S-15313 15

36" PVC

780 750

750

740

780 760 SANITARY SEWER UNDERUNDER CONSTRUCTION CONSTRUCTION AND

EASEMENTS RECORDED 770

800 770 790 750

750 PALMILLA SPRINGS FUTURE PHASE 810 PP-05-077 750 770 750

C SS-3 S 760

740

860

¦¨§30 EXISTING 8" SS LINE

730

880 860 870 MA RY'S 830 CR EEK S-15313 8 36" PVC

900 890 740 730 S-15313 7 850 Fort Worth, TX 850 36" PVC Vista West II 840 750 770 710 OFFSITE SANITARY 720 870 760 750 880 SEWER

820 CAMP BOWIE W BLVD 720 March 2018 860 720 720 Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus730 DS, USDA, USGS, AeroGRID,710 IGN, and the GIS User Community

Cushman & Wakefield | 10 

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AZLE  10 MILES

 35W AVERAGE HOUSEHOLD INCOME

BLUE MOUND 

820

MELODY HILLS LAKESIDE  5 MILES  LAKE WORTH DICEY

3 MILES 820



 RIVER OAKS WHITE SETTLEMENT

WILLOW PARK FORT WORTH  30 20 

35W VISTAWESTLAND WEST II 30

 ANNETTA 20

ALEDO  IONA BENBROOK

20 EDGECLIFF VILLAGE

2017 AVERAGE

HOUSEHOLD INCOME BY CENSUS TRACTS  EVERMAN  35W $0 - $50,000 >$75,000 - $100,000 >$50,000 - $75,000 >$100,000 + WHEATLAND

Cushman & Wakefield | 11

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

 

AZLE  10 MILES

 35W POPULATION GROWTH

BLUE MOUND 

820

MELODY HILLS LAKESIDE  5 MILES  LAKE WORTH DICEY

3 MILES 820



 RIVER OAKS WHITE SETTLEMENT

WILLOW PARK FORT WORTH  30 20 

35W VISTAWESTLAND WEST II 30

 ANNETTA 20

ALEDO  IONA BENBROOK

20 EDGECLIFF VILLAGE

2017-2022 POPULATION GROWTH RATE/YR  EVERMAN BY CENSUS TRACTS  35W < 1.5% 2.51% - 3.5% WHEATLAND 1.51% - 2.5% > 3.51% Cushman & Wakefield | 12

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 AREA DEMOGRAPHICS

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 7 MILE 10 MILE

2017 TOTAL POPULATION 8,089 39,046 74,831 158,092 353,851

PROJECTED POPULATION GROWTH 2017-2022 13.3% 9.4% 6.6% 5.4% 5.5%

2017 AVERAGE HOUSEHOLD INCOME $93,913 $73,123 $69,233 $78,305 $83,174

2017 MEDIAN AGE 34.8 33.5 35.1 37.4 35.6

2017 NUMBER OF HOUSEHOLDS 2,922 15,238 29,284 64,166 139,531

PROJECTED GROWTH NUMBER OF HOUSEHOLDS 2017-2022 17.1% 11.0% 8.9% 7.3% 7.5%

MEDIAN HOME VALUE $144,797 $135,687 $123,348 $147,980 $159,232

9.4% +$73K 11.0% PROJECTED POP GROWTH AVERAGE HH INCOME PROJECTED HOUSEHOLD 3 MILES 3 MILES GROWTH 3 MILES

Cushman & Wakefield | 13 Fort Worth, TX AREA The City of Fort Worth is the 16th-largest city in the United States and fifth-largest in the state of OVERVIEW Texas. The city spans nearly 350 square miles into three counties and boasts a population of over 850,000 however experts anticipate that number to surpass 1.5 million by 2040. Often referred to as Cowtown, Fort Worth is located within Tarrant County which has seen tremendous growth recently due to steady job growth and cost of living. Top Employers In 2017, Fort Worth was named the 5th Best Large City for First-Time Home Buyers by WalletHub and one of the nation’s Top 20 Best Places to Live by U.S. News and World Report.

13,500 Employees 11,400 Employees The Dallas-Fort Worth metro area gained more jobs than any other metro area during the past year, according to a report by the U.S. Bureau of Labor Statistics. The area’s 146,000-resident jump in 2017 was the most of any metro area in the United States and six of the top 10 fastest-growing counties in the United States were in Texas.

Fort Worth is a major employment and medical destination for the area with large companies such as American Airlines, Pier 1 Imports, Lockheed Martin Aeronautics and JPS Health Network with headquarters here. The city is also known for its variety of entertainment venues including The Stockyards, Texas 10,100 Employees 6,500 Employees Motor Speedway, Bass Performance Hall, Kimball Art Museum, Fort Worth Zoo, Sundance Square, and the Botanic Gardens.

6,100 Employees 4,300 Employees

4,000 Employees 3,800 Employees

3,300 Employees 3,100 Employees

Cushman & Wakefield | 14 NEARBY SCHOOLS

Located just 15 minutes from downtown Fort Worth, White Settlement ISD is classified as a 5A District serving approximately 6,800 students in grades kindergarten through 12. The Property currently feeds into Blue Haze Elementary, Tannahill Intermediate School, Brewer Middle School and Brewer High School. Each of these schools are recognized for high academic achievement and have earned the state’s highest accountability standard. In 2008, Brewer High School completed an 85-acre campus consisting of a 565,000 square foot, three-story building accommodating 2,400 students and approximately 175 faculty and staff members. The campus also includes a 1,200-seat auditorium, two competition gymnasiums and two practice gymnasiums, a stadium to accommodate 5,000 spectators, and an indoor athletic center.

The Property is also in close proximity to several award-winning private schools including All Saints Episcopal School, Temple Christian Academy, Covenant Classical School and Trinity Christian Academy.

Cushman & Wakefield | 15 INVESTMENT CONTACTS

CUSHMAN & WAKEFIELD

CHRIS HARDEN Director +1 972 663 9680 [email protected]

RYAN DUFFIE Associate +1 972 663 9708 [email protected]

ROGER SHAFER Financial Analyst +1 972 663 9709 [email protected]

CUSHMAN & WAKEFIELD 2021 McKinney Avenue Suite 900 Dallas, TX 75201