
3601 Cedar Springs 1.28 Acres Dallas
3601 Cedar Springs Rd, Dallas, TX, 75219-4905, US
780 平方米
Jones Lang LaSalle Americas, Inc. (“JLL”), as executive advisor, is pleased to present the opportunity to acquire Walnut Glen (the “Property” or the “Asset”), a 464,289 square foot Class A office located in Dallas, Texas directly off Central Expressway. Built in 1986 and renovated in 2019, the 18-floor office tower is 49% leased to a diverse group of tenants with 4.1 years of remaining average lease term. Walnut Glen benefits from its proximity to a newly developed creative retail node, allowing tenants a unique walkable environment along one of Dallas’ most frequented Interstates. The direct access on North Central Expressway and Walnut Hill allows for quick access to the Park Cities, Lake Highlands, Knox District, Uptown and the CBD. Walnut Glen presents a unique opportunity to acquire an institutionally owned and maintained office asset a basis that can afford an investor the ability capture immense tenant demand through cosmetic upgrades.
· VALUE-ADD RETURNS AT A BASIS SIGNIFICANTLY BELOW REPLACEMENT COST
· RARE REPOSITIONING OPPORTUNITY WITH ABILITY TO MATERIALLY MOVE RENTAL RATES
· EXCEPTIONAL VISIBILITY AND ACCESS ALONG CENTRAL EXPRESSWAY
· DIRECT ACCESS TO THRIVING RETAIL NODE
· 19% BELOW POST-RENOVATION RENTS
· ACCESS TO DECISION MAKER NEIGHBORHOODS
· SUPERIOR SURROUNDING DEMOGRAPHICS