Tollway Plaza_Property for Sale
Tollway Plaza_Property for Sale
15950-16000 N Dallas Pkwy, Dallas, TX, 75248-6615, US

Tollway Plaza

Asset description

JLL Institutional Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Tollway Plaza (the “Property”), two, eight-story towers comprising 370,074 square feet located on the Dallas North Tollway (the “Tollway” or “DNT”) in the epicenter of the Dallas Metroplex. Tollway Plaza has two towers that are connected through a covered walkway. The Property has been institutionally owned and maintained throughout its history with a full set of building amenities. Tollway Plaza currently sits 84% leased to national and regional credit tenants representing a diverse mix of industries including Financial & Legal Services, Healthcare, and Global Logistics. With remaining contractual revenue of $45 million and 5.63 years of weighted average lease term, the offering presents a rare opportunity to acquire an asset well below replacement cost with downside protection. The Property is offered on a “fee simple” basis, free and clear of existing financing. 

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Attributes

Building area gross
34,381 sm
Occupancy
84%
Year built
1998

Media

Investment highlights

180K RSF OF LEASING VOLUME SINCE COVID

HIGHLY COMPETITIVE BASIS IN A RISING CLASS A MARKET

CENTRAL LOCATION WITH PROXIMITY TO PREMIER NEIGHBORHOODS AND AMENITIES

SECURE IN-PLACE CASH FLOW WITH UPSIDE OPPORTUNITY

EXCEPTIONAL VISIBILITY & ACCESS ALONG DALLAS NORTH TOLLWAY

THRIVING DALLAS FORT WORTH ECONOMY

Tollway Plaza 4_Property for Sale
Tollway Plaza 4_Property for Sale

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Tollway Plaza (0 Properties)

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Last updated
Oct 17, 2023