Listed by Colliers - Houston, Texas
$13,500,000
Westmoreland Business Center
Details
Property Type Industrial
Sub Type Flex
Square Footage 85,214
Cap Rate 7.77%
Tenancy Multi
Year Built 1984
Buildings 2
Acreage 6.890
Ground Lease No
5510 & 5520 S. WESTMORELAND RD.
Marketing description
Executive Summary
Colliers is pleased to exclusively offer for sale 100% fee simple interest in Westmoreland Business Center, a ±85,214 SF, two-building flex/light industrial property situated on ±6.89 acres in Dallas, TX. Located in the Redbird Airport submarket approximately 10 miles southwest of the Dallas CBD, the property is 100% leased to three tenants, anchored by American Airlines.
Investment highlights
Investment Highlights
- FAA-Required, Mission-Critical Tenancy
- American Airlines anchored
- Long Operating History
- Two tenants with 20+ tenure
- Corporate Credit Strength
- Two nationally recognized, credit-worthy tenants
- 100% Leased with Predominantly NNN Structure
- Stable in-place cash flow across 3 tenants with limited landlord responsibilities
- Strategic Airport Adjacency
- Directly adjacent to Dallas Executive Airport Premier Infill Location Located in Dallas’ Redbird Airport submarket
- Strong Site Fundamentals
- Situated on the hard corner of S. Westmoreland Rd. and Love Bird Ln
- Exceptional Connectivity
- Easy access to major thoroughfares
- Dense Surroundings & Deep Labor Pool
- 267,000+ residents within a 5-mile radius
- Texas Pro-Business Environment
- Ranked #1 for business climate for over two decades
Listing Contacts
Listed by Colliers - Houston, Texas
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