Property History
North DFW Growth Location: ±54,777 SF value-add small-bay industrial asset located just off Highway 380 in Aubrey (DFW), Texas.
Significant Mark-to-Market Rental Upside: In-place rents of $16.24/SF vs. verified small-bay market rent comps of $19–$21/SF NNN.
Attractive In-Place Yield: 7.0% in-place cap rate with strong value-add potential through increasing rents as leases roll to market levels.
Strong Stabilized Return Potential: 8.8% Year-6 pro forma cap rate with a Weighted Average Lease Term (WALT) of less than 23 months.
2022 Small-Bay Construction: Built in 2022 featuring 38 grade-level doors, 15’7” clear height, and approximately 85% of suites fully air-conditioned.
Functional Small-Bay Suite Sizes: ±2,739 SF average suite size with approximately 10% office and 90% warehouse finish-out.
Limited Competing Supply: Tight small-bay industrial market with few competing properties, limited new supply, and no nearby available land zoned for industrial.
Demonstrated Tenant Demand: 12 prospective tenants currently on the leasing broker’s waiting list seeking space at the Property.
Strong Retail Corridor Economics: Retail rents along Highway 380 exceed $38/SF with NNNs of $10+/SF being the only viable alternative space for service-oriented tenants along Highway 380.
Minutes from Frisco: North DFW location less than one mile north of Highway 380 and minutes from the affluent City of Frisco, Texas.
High-Income Surrounding Demographics: $134,200+ average household income and $326,400+ median home values within a 3-mile radius.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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