2250 W John Carpenter Fwy
2250 W John Carpenter Fwy, Irving, TX 75063
Marketing description
Built in 1998, the property is a five-story, 127,435 SF office building on 8.6 acres, strategically located in the Las Colinas Office Center submarket of Irving, Texas. The property is an institutionally maintained Class A office building easily accessible from anywhere in Dallas-Fort Worth. The building’s efficient rectangular floor plates and 6 per 1,000 square feet parking ratio cater to tenants of all sizes. The property also offers floor-to-ceiling windows and structured parking in an adjacent 325-space garage. The property is currently 21% leased with immediate opportunity to lease the remaining vacancies in a thriving submarket. Positioned on Texas State Highway 114 (W John Carpenter Freeway) and near State Highway 161, the property is situated along one of the most active commercial, residential and retail corridors in North Texas. The property benefits from its prime accessible and visible location in Las Colinas. New construction in Las Colinas, such as the Irving Convention Center, the Irving Music Factory, and numerous mixed-use projects in the nearby Las Colinas Urban Center, elevate its status as an attractive “live, work, play” environment.
Investment highlights
- Exceptional Location and Accessibility: 2250 W John Carpenter is located in the highly desirable, highly visible and increasingly popular Las Colinas Office Center submarket.
- Excellent Value-Office Opportunity: 2250 W John Carpenter offers high quality, well-designed, and efficient space at attractive asking rates.
- Offered Below Replacement Cost: Offered at significantly below replacement cost as construction costs in North Texas continue to rise.
- Redevelopment Opportunity: The property is attractive to developers/investors to redevelop the property to alternative uses or remodel building to accomodate tenant demand, while benefitting from the submarket’s positive absorption.
- Proximity to Major Airports: It is located in close proximity to the two major airports in North Texas, Dallas-Fort Worth International Airport (7.5 miles) and Dallas Love Field Airport (14.5 miles).
- Center of Population and Employment Growth: North Texas continues to outperform the nation in residential growth and corporate relocations, many of which select the Las Colinas area as their home.
- Above Standard Parking Ratio: 2250 W John Carpenter offers an above-standard parking ratio to accommodate dense parking users, which offers flexible tenancy options.
- Aesthetically Appealing: Attractive, timeless architecture with a contemporary exterior and interior.
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