4550 Excel Parkway, Addison, TX, 75001, US

Addison II

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained by ownership to offer qualified investors the opportunity to acquire Addison II (the “Property”), a 182,154 square foot, light industrial property located in the Addison submarket of Dallas, TX. The property is strategically positioned adjacent to Addison Airport at the epicenter of Dallas’ largest and most active suburban submarket, with direct access to all DFW’s major commercial hubs via the Dallas North Tollway and President George Bush Turnpike. Currently 89% leased to a favorable mix of highly successful national and local tenants, Addison II provides investors the opportunity to acquire an institutional quality asset with stable in-place cash flow with 5.3 years of WALT remaining and an 12.8% mark to market opportunity.

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Attributes

Building area net

182,154 sf

Occupancy

89%

WAULT

5.3 years

Clear height

32 ft

Land area gross

11.2 acres

Media

Investment highlights

89% LEASED TO FOUR TENANTS WITH 5.3 YEAR WALT
VALUE ADD CREATION WITH LEASE UP OF VACANCY AND 12.8% BELOW MARKET RENTS
MINIMAL DEFERRED MAINTENANCE & CAPITAL NEEDS
ABILITY TO REDUCE OFFICE FINISH FOOTPRINT PROVEN BY CURRENT OPERATOR’S SUCCESS SCALING BACK OFFICE FINISH BY 19% OVER THEIR HOLD PERIOD
PREMIER LOCATION WITHIN ADDISON METRO SUBMARKET THAT BOASTS 7.2% AVERAGE ANNUAL RENT GROWTH OVER THE LAST 5 YEARS