D A L L A S T E X A S OFFEING SUMMAY
A unique opportunity to acquire a 112,000 square-foot, Class A office asset in the core of Uptown Dallas. Stable Cash Flow at 96% Leased Near-Term ollover ents Over 40% Below Market Dynamic, Highly Walkable Uptown Location In DFW s Best Performing Office Submarket are Opportunity Due to Scarcity and Size POPETY OVEVIEW ADDESS: 2525 McKinnon oad Dallas, Texas 75201 TOTAL ENTABLE SF: 111,722 SF STOIES: 8 Stories LEASED: 96% YEA BUILT: 2003 SITE: 0.86 acres TYPICAL FLOO SIZE: 10,900 SF (Floors 3 4) 20,000 SF (Floors 5 8) PAKING ATIO: 3.00 : 1,000 SF 2
2525 McKINNON
TENANCY TENANTS SF % of Leased GLA % Below Market emaining Lease Term (Years) % of evenue 29,694 26.6% 14.9% 8.3 21.3% AAMAK SEVICES, INC. 20,644 18.5% 3.8% 9.5 23.6% 19,855 17.8% 38.5% 2.1 15.9% 10,989 9.8% 10.2% 5.7 11.0% 6,854 6.1% 1.9% 2.6 7.3% Other Tenants 18,929 16.9% 16.3% 3.4 20.9% Available Space 4,757 4.3% Totals/Averages 111,722 100.0% 16.1% 6.0 100.0% 4
2525 McKINNON
SUOUNDED BY PEMI E DALLAS A S S E T S UPTOW N O F F I C E M A K E T Excellent ingress & egress to major highways and arterial thoroughfares Strongest submarket in Dallas / Fort Worth Highest Class A rental rates in the market ($38.81 FS) 40% above the DFW average The Arts District Uptown Class A rental rates have grown nearly 30% since 2013 Positive absorption every year since 2010 2100 McKinney 2nd highest submarket occupancy rate at 91% 2525 McKinnon's position in the market, a small Class A asset surrounded by large office towers, allows it to effectively compete as the boutique option The Crescent in the 100% Uptown location. Asking NNN ental ates Sp r in $2 8.00 $3 3.00 $3 3.00 $3 4.00 $3 2.00 $20.00 $3 6.00 $25.00 $2 9.00 $30.00 $3 7.00 $35.00 $3 8.00 $4 0.00 $40.00 ar $15.00 C $5.00 ed $10.00 $0.00 Cedar Maple 6
2000 McKinney 1920 McKinney 1717 McKinney odgers Woodall McKinney & Olive y Saint Ann Court olex Buildings H vd Bl n Kin Mc es in H ng s ry d ar. osewood Court. on. St 2525 McKINNON
U PTO W N L O C A T I O N CENTAL COE OF U P T OWN Over 20 fine dining options within 0.5 miles from 2525 McKinnon, solidifying the 88 walkscore that the Property boasts MH 30% population growth since 2010 H Over 6,600 multi-family units under construction or in lease-up Continued densification with completion of McKinney & Olive and nearby grocer at The Union H In DFW s Best Performing Office Submarket The Property boasts a walkability score of 88 (same as New York City) ESTAUANT MH MULTI-HOUSING DALLAS PEMIE UBAN DESTINATION 2525 McKinnon is located in the core of Uptown, providing tenants walkable accessibility to Dallas most high-profile amenity base. The most recent addition to the Uptown market and conveniently located across the street is McKinney & Olive - a 530,000 square feet, Class AA office tower including 50,000 square feet of retail anchored by Del Frisco s Double Eagle Steakhouse. 2525 McKinnon is ideally positioned where it will continue to benefit from close proximity to the city s finest restaurants, hotels & residential towers: 8 H HOTEL D DEVELOPMENT
MH MH MH MH H D D 2525 McKINNON
DFW ECONOMIC OVEVIEW One of the most diverse economies in the U.S. 4.0% unemployment rate, well below national average Over 117,500 jobs added in trailing 12 months as of June 2016 From 2016 to 2020, the Dallas / Fort Worth MSA is expected to rank first in both population and job growth, according to Moody s DFW is considered ULI s Emerging Trends Top Market to Watch in 2016 In 2015, the DFW office market led the U.S. in office absorption with over 7.4 million square feet 400,000 MSA Projected Job Growth 2016-2020 300,000 348,375 200,000 100,000 227,908 225,899 203,523 201,681 193,128 0 10
2525 McKINNON
ADDITIONAL INFOMATION If you have any questions or require additional information, please contact the individuals below. ANDEW LEVY Senior Managing Director alevy@hfflp.com 469.232.1961 TODD SAVAGE Managing Director tsavage@hfflp.com 469.232.1930 ELIZABETH MALONE Director emalone@hfflp.com 469.232.1964 CHIS MUPHY Associate Director cmurphy@hfflp.com 469.232.1941 SAAH BETH DAVIS Analyst sdavis@hfflp.com 469.232.1902 PHOEBE BENT Analyst pbrent@hfflp.com 214.692.4714 If you would like pricing information on acquisition debt, please contact: STEVE HELDENFELS Managing Director sheldenfels@hfflp.com 469.232.1924 2323 Victory Avenue Suite 1200 Dallas, TX 75219 214.265.0880 214.265.9564 www.hfflp.com 2016 Holliday Fenoglio Fowler, LP ( HFF ) and HFF Securities LP ( HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. Holliday Fenoglio Fowler, L.P. ( HFF ) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.