Center Point Business Park

Transcription

1 Center Point Business Park 1331 East US Highway 80 Mesquite, Texas A 72,433 RSF Light Industrial Service Center / Office

2 Jones Lang LaSalle has been exclusively retained to market for sale the Center Point Business Park (the Property ), comprised of one light industrial service center building and one office building located in Mesquite, Texas. Boasting a diverse rent roll with 21 current tenants, the Property will provide investors with a reliable stream of income with future upside through market repositioning and rising rental rates. Totaling 74,048 SF (72,433 RSF) and positioned in the east Dallas submarket, the offering represents the opportunity to acquire an industrial flex asset providing steady in-place cash flow with continued upside. Center Point Business Park is located in Mesquite, Texas at 1331 US Highway 80. The Property is situated within the East Dallas Industrial submarket. Located due east of downtown Dallas, the East Dallas/Mesquite Submarket centers on Union Pacific Railroad s Intermodal hub in Mesquite which has been a driver for new development over the years. Center Point Business Park enjoys a premier location with frontage at the intersection of Interstate 635 and U.S Highway 80. This provides the facility quick access to local highways and access to the Dallas and eastern suburban population centers. Center Point Business Park 2

3 Investment Highlights STRONG TENANCY AND UPSIDE The property is currently 95.09% occupied with substantial opportunity to drive upside through the existing rent roll. The Property offers an investor the ability to achieve that growth by marking net rents to market and stabilizing the asset with longer lease terms. The Property boasts a varied mix of current tenants who provide a large tenant base to draw from and a velocity that allows for improving lease terms while increasing tenant retention. GREAT LOCATION Located at the intersection of I-635 and U.S. Highway 80 allows for optimal regional accessibility in all directions with employers drawing employees from Dallas and all eastern DFW suburbs. The property sits 17 miles east of Dallas Love Field Airport and 38 miles east of DFW Airport, allowing access to both major transportation and travel hubs in less than 45 minutes. With no industrial flex properties under construction currently the asset continues to be a scarce opportunity for tenants as growth continues an upward trajectory. OFFERING SUMMARY Address: 1331 E. US Hwy 80 Mesquite, TX Rentable Square Feet: 72,433 RSF Total Square Feet: 74,048 SF Year 1 NOI: $302,864 Submarket: East Dallas/Mesquite Property Type: Industrial Service Center/Office Occupancy 1 : 95.09% Year Built: 1986 Acreage: As of 4/1/2018 Center Point Business Park 3

4 Site Plan TRIPP RD 1331 E U.S. Hwy 80 U.S. 80 FRONTAGE RD U.S. HIGHWAY 80 Center Point Business Park 4

5 Dallas - Fort Worth Dallas / Fort Worth ( DFW ) is the largest metropolitan area in Texas and the fastest growing metropolitan area in the United States, with over 7,117,800 people. Its location within the central time zone, transportation infrastructure, young and educated labor force, diverse economy and pro-business local governments foster a prosperous economic environment that provide an outstanding base for future growth. The Metroplex s success as a World-class leader in transportation is a result of its excellent airports, interstate highway system and emerging rail routes. The Dallas/Fort Worth economy consists of a diverse mix of companies and industries with recent increases in service, insurance and high-tech related industries, as well as those maintaining a major distribution network. DFW boasts the largest concentration of corporations in the U.S. with 269 corporate headquarters. Economists predict a favorable long-term advantage to DFW and other major Texas markets for corporate relocations to continue for the foreseeable future as a result of a relatively low tax burden, right-to-work status, and a predictable regulatory environment. Center Point Business Park 5

6 For More Information, Contact: Zane Marcell Vice President Dustin Volz Managing Director Grant Matthews Associate For Finacing Information, Contact: Clint Coe Senior Associate Douglas Avenue Suite 100 Dalllas, Texas