Listed by DWG Capital Group
$2,895,000
1425 N Dallas Ave
Details
Property Type Office, Industrial
Sub Type Executive Office
Square Footage 34,650
Cap Rate 9.00%
Occupancy 60.9%
Tenancy Multi
Brand/Tenant Regions Bank
Lease Type NNN
Pro-Forma Cap Rate 12.00%
Price per SqFt $84
Class B
Year Built 1974
Acreage 3.920
Zoning Industrial
Parking Spaces 122 spaces
Parking per 1,000 SqFt 3.52
Investment Type Owner/User
Sale Condition 1031 exchange
Immediate Income Potential W/ Opportunities For Lease-up & Repositioning
Marketing description
This offering delivers a rare opportunity to acquire a cash-flowing, multi-tenant value-add office asset in the heart of the dallas-Fort Worth metroplex, one of the fastest-growing and most economically diverse regions in the country. The ±34,650 sf, four-story class-b building sits on nearly four acres of land along highly visible north Dallas avenue, providing both strong current income and significant upside through lease-up and repositioning.
With existing tenants in place and meaningful vacancy available, investors can immediately generate cash flow while executing a clear, achievable value-add business plan.
New! 9% cap rare regions bank anchored dfw nnn office | $2.895m ($84 psf) | top performing location | a-/a rated | w/ near-term 12%+ upside | prime 1031 opportunity
The offering: dwg capital group is pleased to present the opportunity to acquire an attractive office investment located at 1425 n Dallas ave in lancaster, texas. The subject property presents a compelling opportunity for office investors seeking a value-add asset in the dynamic dallas-Fort Worth metroplex. This four-story, class b office building encompasses approximately 34,650 square feet and is strategically positioned to serve a diverse tenant BASE.
The property constructed in 1974, the property offers a mix of existing tenants and available space, providing immediate income potential alongside opportunities for lease-up and repositioning. The building is equipped with 122 surface parking spaces, accommodating tenants and visitors alike. Its location along n Dallas avenue ensures high visibility and accessibility, with proximity to major thoroughfares facilitating convenient commutes throughout the region.
The location lancaster's growing economy, characterized by light industrial manufacturing, distribution, healthcare, and education sectors, underpins strong demand for office space. The city's strategic location within the dfw metroplex, coupled with ongoing development initiatives, positions 1425 n Dallas avenue as a valuable asset with significant upside potential.
Multi-tenancy the property features a diverse tenant roster spanning financial services, professional offices, healthcare, and specialty businesses. Regions bank serves as the anchor tenant, occupying 9,506 sf (26.7% of the building) with a long-term lease extending through June 2030 at $25.00 per sf annually.
Investors have the opportunity to capitalize on the property's existing income stream while enhancing value through targeted improvements and strategic leasing efforts. With its SOLID fundamentals and favorable market dynamics, 1425 n Dallas avenue stands out as a promising addition to any office investment portfolio.
Investment highlights
- Value-add opportunity: incredible upside potential with 39% vacancy ready for strategic lease-up and property repositioning
- Strategic location: highly visible along n Dallas avenue with direct access to major highways and dfw transportation corridors
- Quality asset: high quality construction in rapidly growing area with strong parking ratio of 3.21 spaces per 1,000 sf
- Prime amenities: abundance of dining, lodging, and entertainment options in immediate proximity supporting tenant satisfaction
- 34,650 sf class b office
- 60.9% current occupancy
- 9% cap rate
- 12% pro forma cap rate
Listing Contacts
Listed by DWG Capital Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
