This is our fourth acquisition in Texas. This property was built in 1981 and is 211,385 SF spanning 22 buildings. This property was recently renovated in 2019. We expect to close this asset in November 2023.
The 22 buildings consist of office, retail, and flex warehouse space. It has newly renovated small & mid-size office and flex suites with the following new improvements: vinyl wood flooring, new interior paint, new exterior color scheme, all new exterior led lighting, new aluminum & cable exterior awnings, and a new large highway visible led pylon signage with tenant advertising opportunities.
Site amenities include: on-site management, abundant free surface parking, 2019 CAM estimated +/-$3.00 PSF, diverse assortment of area tenant amenities – multiple, and dining options.
The location is superb. The property is situated on approx. 19 acres of highway frontage land. It is in direct access to major highways such as SH-360 via Carrier Pkwy and SH-360 frontage Rd. It has easy access to the entire metroplex via SH-360, IH-30, SH-183, and SH-161. There is an abundant assortment of restaurants and retail in immediate area (less than 5 minutes drive time). The building is only minutes from Dallas/Fort Worth International Airport, AT&T Stadium, Globe Life Park in Arlington, Texas Live! mix-use development & the Grand Prairie premium outlet mall.
Total: +/-190,000 VPD (Combined)
Breakdown: N State Highway 360 (±140,000 VPD), W Carrier Pkwy (±20,860 VPD), and E Service Rd (SH-360 Frontage Rd) (±28,640 VPD)
TOTAL SQ. FT.211,385
# OF BUILDINGS22
ASSET STATUSCurrently Owned Asset