Listed by Younger Partners
Unpriced
8585 Stemmons Freeway
Details
Property Type Retail
Sub Type Commercial
Square Footage 452,215
Occupancy 50%
Year Built 1971
Buildings 2
Stories 11
Acreage 13.500
Zoning MU-3
Retail | 452,215 SqFt
Marketing description
Younger Partners, as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire the 100% fee-simple interest in 8585 Stemmons (“Property”). Built when developers had egos, the twin towers of Stemmons Freeway offer investors a commanding presence in the revitalized West Love Field area. A significant presence on IH-35 (Stemmons Freeway), the Property affords potential investors an unmatched long term land site (13.5 acres) to compliment the immediate upside in a basis office purchase.
West Love is home to name-brand, credit tenancy including Amazon, UT Southwestern, Parkland Hospital and Children’s Health. Just to the east of the building, the West Love master-planned development has added over 835 luxury multifamily units since 2018 with another 460+ units planned. Since 2009, the three adjacent hospital systems have leased over one million square feet of off-campus space in the area.
Major life science developments such as Pegasus Park have created significant national attention from tenants and capital alike. Alexandria has acquired and is planning purpose-built life science project at Harry Hines and Mockingbird while tenants including Health Wildcatters, MassChallenge, BioLabs and Taysha Gene Therapies have moved to the district.
8585 Stemmons is 50% leased to a diversified mix of office uses. This offering presents a truly unique opportunity to acquire an outstanding value-add office asset with tremendous upside while establishing a presence in the dynamic West Love submarket, where investment opportunities are becoming scarce! PARKING 4 / 1,000 (SURFACE & COVERED) ZONING MU-38
Investment highlights
- Fundamental shift and improvement in the composition of the surrounding areas.
- Dramatic pricing discrepancy to las colinas and uptown has created demand.
- Attractive design with versatile floor plate, dense parking capacity and full suite of on-site amenities.
- Dynamic location in proximity to dallas love field, the dallas cbd, the dallas medical district, the park cities and more.
- Variety of space options with naming and branding opportunities.
- Outstanding access to area transportation networks.
- Long term upside - 13.5 acres with freeway frontage, accessibility and mu-3 zoning.
- Benefited by dallas / fort worth’s status as a top u.S. Marketplace with a diversified economy, nation leading population and job growth.
- Discount to replacement cost of approximately $400/sf
Listing Contacts
Listed by Younger Partners
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