Listed by Summit Real Estate
Unpriced
Lakeside II
Details
Property Type Office
Sub Type Medical Office
Square Footage 80,964
NOI $1,388,297
Occupancy 96%
Tenancy Multi
Lease Type NNN
Class A
Year Built 2015
Acreage 8.240
Office | 80,964 SqFt
Marketing description
For Sale
Investment highlights
- Strong Tenant Roster & Stability | 96% Leased to Four Tenants on NNN Leases, Minimizing Landlord Responsibilities
- Class A Office Asset | 80,964 SF Trophy Office Built in 2015 with Prominent Lake Frontage
- Exceptional Accessibility | Convenient Access to HWY 121 (Sam Rayburn Tollway), I-35 (Express Tollway), and President George Bush Turnpike, Which Together See Over 380,000 Vehicles Per Day
- Central DFW Location | Only 6 Minutes to DFW International Airport and Less Than 30 Minutes to Both Downtown Dallas and Downtown Fort Worth
- Future Rent Growth | Market Rents Projected to Grow at a 2.8% Annualized Rate Over the Next Five Years, Representing a 14.9% Total Increase
- Attractive Basis | Opportunity to Acquire the Property at a Significant Discount to Replacement Cost
- Average Household Income of $143,230 Within a 1-Mile Radius — More Than 2X the U.S. Average
- Competitive Rental Rates | Current Average Rent of $18.39/SF, Easily Replaceable in the Submarket
- Credit Tenancy Anchors | Major Tenants Include TIAA/EverBank’s Corporate Hub and Enovis (46,000 SF), Which Employs Over 7,300 People Globally
- Abundant Retail & Amenities | Close Proximity to Numerous National Retailers Including Costco, Chick-fil-A, Dillard’s (Vista Mall), Best Buy, Chipotle, Market Street, Hobby Lobby, Panera Bread, and More, Creating Exceptional Convenience for Tenants
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,388,297.00
$115,691.42/mo
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