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32926395
32926397

1130 E Arapaho Road, Richardson, TX 75062

JJ
TX 651497
Marcus & Millichap - Dallas
RH
TX 514271
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$9,000,000
12 days on market
Updated 3 days ago

1130 E Arapaho Office

Details
Property Type Office
Sub Type Traditional Office
Square Footage 119,270
Occupancy 40%
Tenancy Multi
Pro-Forma Cap Rate 7.53%
Pro-Forma NOI $677,561
Price per SqFt $75
Class B
Year Built 1985
Year Renovated 2005
Stories 6
Acreage 4.210
Zoning I-M(1) SPL
Parking Spaces 3.40 per 1,000 sq ft
Investment Type Value Add

Office | 119,270 SqFt

Marketing description

Marcus & Millichap is pleased to present 1130 East Arapaho Road, a Class B+ office asset in Richardson, Texas. This well-maintained property offers an exceptional opportunity for both owner-users and investors, benefiting with minimal deferred maintenance. Strategically positioned in a high-demand office submarket, this property is priced substantially below replacement cost. With a 3.4 per 1,000 parking ratio, the asset ensures ample parking for tenants and visitors. This office provides maximum usability with diesel generator and a loading dock.

Well positioned in the heart of the Richardson 1130 East Arapaho Road is a commanding six-story office building with brick and window facade and a modern lobby. 1130 East Arapaho ideally located in the top-notch suburb of Richardson is surrounded by a high concentration of insurance, finance, telecommunications, and numerous medical centers. 1130 East Arapaho offers an easy commute and a walk to Galatyn Park DART Station, a two-minute drive to US-75/N Central Expressway and ample surface and covered parking spaces. The office is situated approximately three miles south of CityLine and provides an exciting mix of shopping, dining, and entertainment options in a fresh and convenient urban environment. Nestled just south of Plano and about 14 miles north of Dallas, Richardson is a vibrant suburb teeming with diverse offerings.

Companies such as State Farm, Texas Instruments, and Raytheon contribute to a strong corporate presence, attracting a highly skilled workforce. The city's pro-business environment, excellent infrastructure, and access to talent from the University of Texas at Dallas make it an ideal location for companies seeking stability and growth. This rare opportunity to acquire a quality office property in a thriving commercial corridor that provides strong upside potential for an end-user or investor.

Investment highlights

  • Offered Substantially Below Replacement Cost at $75.46 PSF, $9,000,000
  • Substantial Upside with 60 Percent Occupancy
  • Great for Owner User or Investor
  • Class B+ Office in Richardson, Texas
  • Well Maintained with Almost No Deferred Maintenance
  • Great 3.4 Per 1,000 Parking Ratio
  • No New Competitive Offices Planned Now and in The Foreseeable Future

Listing Contacts

JJ
TX 651497
Marcus & Millichap - Dallas
RH
TX 514271
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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