Equipment Depot North Texas HQ

Explore

The Opportunity

The Property is a newly renovated, Class-A industrial property consisting of 87,500 square feet. The Property was developed by Hillwood in 2000, and the interior was renovated in 2021 when Equipment Depot moved into the building. The Property sits on an 8.5-acre site, providing a differentiating amenity with 3 acres of outdoor storage in the highly-infill submarket. The Property provides reliable cash flows with 100% leased to Equipment Depot, Inc. Equipment Depot was acquired by Mitsubishi in 2019 and specializes in the repair, maintenance, and distribution of industrial equipment. Founded in 1939 and headquartered in Houston, Texas, Equipment Depot is America’s largest independently operated material handling and rental source. Through its 50+ nationwide locations, it offers a wide range of products including construction equipment, specialty vehicles, forklifts, storage systems, attachments, power systems, and docks. The company’s services extend to fleet management, training, and maintenance. With a large employee base, Equipment Depot operates forty-eight locations across the United States with a network spanning across 3,000 miles in twenty-five states. This extensive reach led Equipment Depot to become the largest independently operated material handling and rental business in America prior to Mitsubishi’s acquisition of the company.

The Asset is located within the Great Southwest (“GSW”) industrial submarket in the City of Fort Worth, Texas. The Property is positioned within a six-minute drive of the DFW International Airport, twenty minutes from Dallas Love Field Airport, ten minutes from President George Bush Turnpike and Interstate 30, and is proximate to various other major transportation arteries in DFW.