The Crossings I_Property for Sale
The Crossings I_Property for Sale
5429 Lyndon B Johnson Fwy, Dallas, TX, 75240-2607, US

The Crossings I

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire The Crossings I (the “Property”), a 232,541-square-foot, 89% leased, office building located near 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. Since COVID, 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 5.8 years of WALT The Crossings I provides stable in-place cash flow to a diverse range of quality tenancy. The opportunity is offered on a fee simple basis with the unique option to utilize attractive seller financing at above market terms.

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Attributes

Building area Gross
21,604 m²
Occupancy
89.00%
Year built
1986/2018

Media

Investment Highlights

SELLER FINANCING OPPORTUNITY

STABILITY OF RENT ROLL

DISCOUNT TO REPLACEMENT COST

TRUE LIVE-WORK-PLAY ENVIRONMENT

HIGHLY VISIBLE AND EASILY ACCESSIBLE LOCATION

MARK-TO-MARKET OPPORTUNITY

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The Crossings I (0 Properties)

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Last updated
25 Apr 2023