CLASS A OFFICE TREMENDOUS UPSIDE POTENTIAL EXCEPTIONAL FREEPORT LOCATION INVESTMENT TEASER

Transcription

1 CLASS A OFFICE TREMENDOUS UPSIDE POTENTIAL EXCEPTIONAL FREEPORT LOCATION INVESTMENT TEASER 1

2 INVESTMENT HIGHLIGHTS Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Freeport Corporate Center (the Property ), a 98,623 square foot, two-story, multi-tenant office building located in Irving, Texas. At 85.4 percent occupied, Freeport Corporate Center offers the opportunity to immediately increase revenue while the existing rent roll provides stable cash flow with contractual rent increases. Freeport Corporate Center is located just minutes from Dallas Fort Worth International Airport and boasts superior regional access. This offering provides investors with a unique opportunity to purchase a quality office property within a prominent corporate neighborhood. NOI Growth Projected. Through a combination of vacancy lease up and renewing near term rollover at higher market rates, the Property s net operating income is projected to increase by approximately 68 percent over a five-year hold period. Freeport Corporate Center, built in 1998, is located within the DFW Freeport corporate neighborhood, a 550-acre International Business Park; immediately adjacent to DFW International Airport, one block north of State Highway 114 and two blocks south of LBJ Freeway. The property contains tasteful lobby finishes; supplemental HVAC and abundant parking (3.8:1,000) which includes executive covered parking. INVESTMENT HIGHLIGHTS Exceptional Location/Accessibility. The Property is located between four major thoroughfares: State Highway 121 (SH 121), State Highway 114 (SH 114), LBJ Freeway (I-635) and State Highway 161 (SH 161), making the Property easily accessible from all areas around the DFW Metroplex. Well Above-Standard Parking Ratio. Surrounded by a picturesque landscape with native trees and plants, the Property boasts an attractive parking ratio of 3.8 spaces per 1,000 square feet. Rare Acquisition Opportunity. The Property is of institutional quality, having been meticulously maintained since its inception. Well-Diversified, High-Quality Tenancy. The diverse mix of stable, high-quality tenancy includes Sirius XM and Liberty Mutual, which occupy over 46 percent of the building for the next 42 plus months. Steady Rent Growth. Colliers International s top economic advisors project average annual rental rate increases of 4.4 percent over the next five years for the greater Freeport submarket. 2

3 PROPERTY INFORMATION ASSET PROFILE PROJECT NAME Freeport Corporate Center ADDRESS 8650 Freeport Parkway, Irving, TX YEAR BUILT 1998 CLASS A SUBMARKET Freeport TOTAL BUILDING SF 98,623 RSF OCCUPANCY 85.4% NUMBER OF STORIES Two (2) TYPICAL FLOOR PLATE 51,254 RSF LAND AREA 6.09 acres PARKING 3.8:1,000 FREEPORT PARKWAY 8650 FREEPORT CORPORATE CENTER EXCHANGE STREET 3

4 OFFERING FORMAT ASKING PRICE: NO ASKING PRICE HAS BEEN ESTABLISHED FOR THE OFFERING OFFER DEADLINE: JANUARY 2016 INVESTMENT CONTACTS CREIGHTON STARK KEVIN BROOKMOLE WADE SMITH DAN LAGREE JOHANNA RAMIREZ Colliers International 1717 McKinney Avenue, Suite 900 Dallas, TX

5 Colliers International North Texas, LLC (214) Steve Everbach (214) Steve Everbach (214) Creighton Stark (214)