3601 Cedar Springs 1.28 Acres Dallas
3601 Cedar Springs Rd, Dallas, TX, 75219-4905, US
780 mètres carrés
Description de l'actif
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire The Crossings I (the “Property”), a 232,541-square-foot, 90% leased, office building located at the crossroads of the Dallas Metroplex at the intersection of I-635 (LBJ Freeway) and the Dallas North Tollway. The Property boasts excellent visibility and frontage along LBJ Freeway and sits adjacent to the renowned Galleria shopping center, North Texas’ premier shopping destination. Over the past 3 years, the Property has benefited from its exceptional accessibility, central location, and strong institutional ownership, with the execution of over 160k SF of leases. With a stabilized occupancy and 4.6 years of WALT, The Crossings I provides stable in-place cash flow from a diverse range of tenant industries. The opportunity is offered on a fee simple basis.
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Attributs
Superficie du bâtiment brute
21 604 mètres carrés
Occupation
90 %
Année de construction
1986
Année de rénovation
2018
VALSE
4.6 années
Média
Points forts de l'investissement
- STABILITY OF RENT ROLL
- 90% leased with a weighted average lease term of 4.6 years yielding over $27M of remaining contractual revenue
- DISCOUNT TO REPLACEMENT COST
- Opportunity to acquire cash flowing asset significantly below replacement cost
- TRUE LIVE-WORK-PLAY ENVIRONMENT
- Situated adjacent to Galleria Dallas, one of Dallas’ premier shopping destinations
- HIGHLY VISIBLE AND EASILY ACCESSIBLE LOCATION
- Irreplaceable location near the Dallas North Tollway and LBJ Freeway (387,522 VPD)
- MARK-TO-MARKET OPPORTUNITY
- 20% below market rents
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The Crossings I (0 Propriétés)
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Dernière mise à jour
11 sept. 2024
