District 121_Property for Sale
District 121_Property for Sale
7300 State Highway 121, McKinney, TX, 75070, US

District 121

Asset description

JLL Institutional Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire District 121 (the “Property”), a boutique, 190,345 square foot office building positioned along State Highway 121. The Property has a full set of modern amenities with walkable access to recently developed multifamily, shops, restaurants, and a concert venue. District 121 currently sits 85% leased to a curated group of national and regional credit tenants. With $50+ million of remaining contractual revenue and 7+ years of weighted average lease term, the offering presents a rare opportunity to gain access to long term, stable cashflow in a new construction class A asset, with downside protection in one of the nation’s fastest growing markets. 

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Attributes

Building area gross
17,684 sm
Occupancy
85%
Year built
2022
WALT
7.1 years
Floors
8

Media

Investment highlights

  • BRAND NEW CONSTRUCTION 
  • TIER 1 OFFICE ASSET DEVELOPED IN A MIXED-USE AMENITY HUB
  • PROVEN DEMAND 
  • WITH 190K+ RSF OF LEASES EXECUTED SINCE 2022
  • BOOMING MIXED-USE ENVIRONMENT
  • 17% BELOW MARKET IN-PLACE RENTS
  • EXCEPTIONAL VISIBILITY & ACCESS
  • ALONG MAJOR STATE HIGHWAY 121
  • THRIVING DALLAS FORT WORTH ECONOMY
  • PHENOMENAL PHYSICAL OCCUPANCY
  • NO CAPITAL REQUIREMENTS FOR REMAINING VACANCIES WITH WITH LEASE READY SPEC SUITES
District 121 4_Property for Sale
District 121 4_Property for Sale

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District 121 (0 Properties)

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Last updated
Sep 19, 2024