Listed by Weitzman Dallas
Unpriced
Central Square
Details
Property Type Office
Sub Type Executive Office
Square Footage 73,402
Occupancy 55%
Tenancy Multi
Year Built 1971
Year Renovated 2021
Stories 4
Acreage 2.260
Parking Spaces 277 spaces
Parking Per SqFt 3.77
Office | 73,402 SqFt
Marketing description
Central Square is an exceptional opportunistic investment offering located at 10830 N Central Expressway in Dallas, Texas. This approximately 73,402 square foot, multi-tenant, four-story office building presents a compelling value-add opportunity with immediate lease-up potential. Currently operating at 55% occupancy with in-place rents 35-40% below market rates, the property offers significant upside through mark-to-market renewals and leasing of vacant suites. Built in 1971 and recently renovated in 2021, Central Square benefits from a prime location in the North Central Urban Micromarket, positioned adjacent to the highly sought-after Infill Triangle. The property features 277 total parking spaces (237 surface and 40 covered) providing a 3.82 parking ratio per 1,000 square feet. Central Square is a direct beneficiary of the area's strong medical sector, with proximity to Texas Health Presbyterian Hospital (1,200 beds) and Medical City Dallas (1,000 beds), as well as excellent access to major transportation corridors including Central Expressway, LBJ Freeway, and the Walnut Hill DART Station. The surrounding neighborhood offers over 250 restaurant and retail options, approximately 3,000 new residential units, and amenity-rich developments including The Shops at Park Lane, NorthPark Center, and Preston Hollow Village, creating a vibrant live-work-play environment.
Investment highlights
- 55% occupancy with immediate lease-up opportunities
- In-place rents 35-40% below market rates
- Recently renovated in 2021
- Strong North Central Medical Dallas micromarket
- Adjacent to the Infill Triangle with overflow potential
- Direct beneficiary of expanding medical sector
- Excellent access to major transportation corridors
- 3.82 parking ratio per 1,000 SF
- Over 250 nearby restaurant and retail options
- Proximity to two major hospitals (2,200 combined beds)
- Less than half mile from Walnut Hill DART Station
- Approximately 3,000 new residential units in area
- Prime Central Expressway visibility
- Multi-tenant diversification
- Value-add business plan with strong upside potential
Listing Contacts
Listed by Weitzman Dallas
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