4000 HULEN

4000 Hulen St, Fort Worth, TX 76107

THE OFFERING

4000 HULEN

IPA Texas is pleased to present the exclusive listing of 4000 Hulen, a 240-unit, stabilized asset in Fort Worth, Texas. The property is located in a highly visible location on the Chisholm Trail Toll Road, just southwest of Downtown (50,000+ employees), strategically positioned between the Near Southside Medical District (40,000+ employees) and The Shops at Clearfork and adjacent to the Colonial Country Club. Additionally, 4000 Hulen is less than two miles from Texas Christian University (TCU), which has an enrollment of 11,000 and employs over 2,300 faculty and staff. Residents are also less than a 10-minute drive from Fort Worth’s top grocers, including the only Central Market and Whole Foods in the city.

 

Built in 2015, the asset presents a new investor with a significant value-add opportunity. Current rents at 4000 Hulen are over 15 percent below the average of nearby competitors, providing additional opportunity for organic rent growth. The property has performed exceptionally well; in the trailing 12 months, the property averaged 95 percent occupancy with nine percent effective rent growth.

INVESTMENT HIGHLIGHTS

  • 240-Unit, First-Generation Value-Add Asset Built in 2015 with Significant Upside
  • Highly Visible Location off the Chisholm Trail Toll Road in Fort Worth Texas
  • Convenient Access to Employment Centers Downtown Fort Worth, Near Southside Medical District, and Texas Christian University
  • High-End Retail and Entertainment Drivers in the Immediate Area: Shops at Clearfork, Waterside, and Magnolia
  • 15 Percent Discount to Comparable, New Construction Assets within Clearfork and Waterside

PROPERTY OVERVIEW

4000 Hulen St, Fort Worth, TX 76107

Built 2015 

240 Units

212,698 Rentable Square Feet

886 SF Average Unit Size

4.59 Acres 

52.3 Units/Acre

LOCATION

NEARBY ATTRACTIONS

The Shops at Clearfork

Waterside

Magnolia Urban Village

Near Southside Medical District

Fort Worth Stockyards

Fort Worth Zoo

Sundance Square

Crockett Row at West 7th

Colonial Country Club

The Modern

Texas Christian University

Dickie's Arena

Fort Worth Botanical Gardens

Trinity Commons

Hulen Mall

Trinity Park

Ridglea Plaza

Ridglea Country Club

Chapel Hill Shopping Center

UNIT FEATURES

Private Patio or Balcony*

Full-Size Washer & Dryer*

Wood-Style Flooring

Granite Countertops*

Marble Countertops*

Pantry

Kitchen Island*

Energy-Efficient, Black Appliances

Tile Backsplash*

Walk-In Closets*

Ceiling Fan

Built-In Bookshelves*

Garden Tubs

Linen Closet

Furnished Apartments*

*in select units

COMMUNITY AMENITIES

Resort-Style Swimming Pool w/ Baja Shelf

24-Hour Fitness Center

Controlled Access

Skyline Views

Billiards Table

Amazon Hub Package Lockers

Starbucks Coffee Bar

Business Center

Outdoor Kitchen

Dog Park

BBQ & Picnic Areas

Pet-Friendly Community

CONTACT IPA TEXAS TEAM:

JOEY TUMMINELLO
Senior Managing Director
Institutional Property Advisors
(972) 755-5179

jtumminello@ipausa.com

DREW KILE

Executive Managing Director
Institutional Property Advisors
(972) 755-5276

dkile@ipausa.com

TAYLOR HILL

Senior Vice President
Institutional Property Advisors
(972) 755-5287

thill@ipausa.com

MICHAEL WARE

Senior Vice President
Institutional Property Advisors
(972) 755-5286

mware@ipausa.com

JEFF KINDORF

Senior Associate 

Institutional Property Advisors

(972) 755-5159

jkindorf@ipausa.com

WILL BALTHROPE

Executive Managing Director
Institutional Property Advisors
(210) 314-7839

wbalthrope@ipausa.com