The Summit at Preston Trails

The Capital Markets group of Jones Lang LaSalle, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in The Summit at Preston Trails (“the Property”), a 141,714 SF, three-building office campus in the Far North Dallas submarket. The Property consists of brick buildings surrounded by a landscaped courtyard while offering a 3.0/1,000 SF parking ratio, creating an office setting that is both charming and efficient. It is offered as a flexible portfolio, allowing an investor to acquire the North and South buildings separately from the West building.

The North and South buildings offer in-place occupancy that will appeal to investors seeking strong cash flow with upside through lease-up. The West building appeals to both a value-add investor and an owner-user. Across the campus, the Property is 65% leased with no tenant above 9.8% of rentable area and 3.5 years of WALT, and the 49,755 SF of availability gives a new owner room to grow NOI through spec suites, vacancy conditioning and enhanced amenities. The Property serves traditional office users and medical office tenants alike.

Located between the Dallas North Tollway and the President George Bush Turnpike and adjacent to Bent Tree Country Club and Preston Trail Golf Club, the Property is a boutique office campus in one of North Dallas’s most affluent residential areas, with an average household income of $144,991 within three miles.