Listed by Vista Holdings
Unpriced
4315 Lancaster
Details
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 28,340
Units 71
NOI $296,314
Occupancy 69%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma NOI $449,000
Year Built 1951
Year Renovated 2021
Acreage 2.391
Parking Spaces 71 spaces
Parking per 1,000 SqFt 2.51
Investment Type Value Add
Ground Lease No
4315 S Lancaster Rd, Dallas, TX 75216-7105
Marketing description
The property is located across from the Veteran Affairs hospital in South Dallas. Directly next door is a brand new mixed use development encompassing apartments and retail. Adjacent to DART Blue Line VA Medical Center Station. Building is at the intersection of South Lancaster and Ann Arbor Avenue.
The property is currently 69% leased to six tenants. All leases are Triple Net with the tenants covering all pro rata building expenses. The property was fully renovated in 2021. The roof is TPO and was installed in 2020. The AC systems are Carrier RTU's installed in 2020. New security and access control system were installed in 2025.
Investment highlights
- 28,340 SF of office located on 2.391 acres
- Fully renovated in 2021 ($2.0M+ exclusive of TI)
- Located in Opportunity Zone
- Across the street from Dallas VA Medical Center
- Located at the VA Medical Center DART Station, part of the Dallas' Light Rail System
- Located within the Five Mile Urban Greenbelt
- 71 adjacent garage parking spaces
Listing Contacts
Listed by Vista Holdings
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Loan Amount
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Annual Cash Flow
$296,314.00
$24,692.83/mo
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