8500 & 8600 Sovereign Row
Value-Add / Owner-User Industrial | Brookhollow | Infill Dallas, TX | 100% Vacant
Marketing description
Davidson & Bogel Real Estate, as exclusive advisor, is pleased to present to qualified purchasers the rare opportunity to acquire 8500 & 8600 Sovereign Row (the “Property”), a 59,082 SF shallow bay industrial building located within the Brookhollow industrial submarket of Dallas. Currently, the Property is 100% vacant as of February 2024, ideal for an owner / users seeking a strategic Brookhollow asset. Ownership recently completed a new roof, lighting updates and other cosmetic repairs, limiting major capital expenditures for new ownership.
Strategically positioned within one of the most coveted infill industrial markets, prospective purchasers have a unique opportunity to enter this high-barrier and high-growth market. As the leading industrial market in the country, the DFW Metroplex is experiencing rapid rent growth and stabilized occupancies north of 95%. The irreplaceable location offers unmatched connectivity to over 7 million people, in addition to DFW’s primary commercial and residential hubs. More importantly, the properties enjoy access to major transportation arteries such as Interstate 35E, Highway 114, and Highway 183.
The Property, at nearly 60,000 SF, is one of the largest privately-owned assets remaining in Brookhollow. The building caters to one of the largest pools of tenants, the light distribution user seeking sub 75,000 SF suites. The expanded tenant base looking for under 50,000 SF spaces, historically low occupancy rates, and lack of inventory provide new ownership with a special value-add investment that can be repositioned immediately.
Investment highlights
SIGNIFICANT VALUE-ADD / OWNER-USER PLAY - 100% vacant as of February 1, 2024, the Property is perfect for investors and/or an owner-user looking to reposition or
occupy the entire building or split into smaller suites.LIMITED CAPITAL EXPENDITURES - Ownership recently completed a brand-new roof on the entire building, interior LED lighting as well as other cosmetic
repairs.EXCELLENT POSITIONING - Unmatched location within the coveted Brookhollow Industrial submarket, one of the most attractive industrial markets in the nation.
VERSATILE SHALLOW BAY LAYOUT - The Property boasts three (3) suites totaling 34,940 SF, 7,842 SF and 16,300 SF. There is over 9,219 SF of existing office space and the spaces could easily be combined to create a single-tenant asset in the long-term or leased as-is with smaller spaces. Property boasts 3 dock high doors and 1 grade level door.
AMENITIES - The Property is fully sprinklered, offers heavy power, and has +/- 7 dock-high doors, +/- 2 ramps and one grade-level door. Secondly, the asset has fenced and secure outside storage and parking, with the ability to add additional parking spaces.
NATION LEADING INDUSTRIAL MARKET - DFW is one of the largest industrial markets in the country with over 1 billion square feet of industrial space and is the nation’s leading market in terms of net absorption, with over 33.7 million square feet of industrial space absorbed in the last twelve months and 27.9 million square feet of industrial space absorbed year-to-date 2021.
DEMOGRAPHICS & ACCESS - The portfolio’s infill location offers direct access to over 7 million people, the largest business hubs within the DFW Metroplex, and unmatched access to Interstate 35E, Interstate 635, Highway 114, and Highway 183.
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