INVESTMENT SUMMARY 121,420 RSF 83.2% LEASED SINGLE-STORY OFFICE RICHARDSON, TEXAS

Similar documents
2314 & EXECUTIVE DRIVE GARLAND, TEXAS INVESTMENT SUMMARY TWO INDUSTRIAL BUILDINGS 49,320 SQUARE FEET SINGLE-TENANT 100% NNN LEASED

TWO INDUSTRIAL BUILDINGS 49,320 SQUARE FEET SINGLE-TENANT 100% NNN LEASED ASKING PRICE: $3,450,000 CAP RATE: 7.3% INVESTMENT SUMMARY

THE VILLAGE AT CROSS ROADS

WI LDLIFE COM M E RCE PARK

170,237 SQUARE FOOT OFFICE/FLEX

UNION BOWER BUSINESS PARK IRVING, TEXAS

C U S T E R C O U R TRICHARDSON, TEXAS OFFERING SUMMARY

North Texas Real Estate Information System (NTREIS) reports median single-family home price down -1.5% in Aug-15 over Jul-15, sales fall to 8,504.

R AN DOL M ILL ROAD

Center Point Business Park

PARKWAY TOWNE CROSSING

CLASS A OFFICE TREMENDOUS UPSIDE POTENTIAL EXCEPTIONAL FREEPORT LOCATION INVESTMENT TEASER

THE OFFERING. INVESTMENT GRADE TENANCY 35% leased to United Healthcare and Fresenius Medical Care

W. JOHN CARPENTER IRVING, TEXAS OFFERING SUMMARY

MCKINNEY MARKETPLACE SWC CUSTER ROAD & VIRGINIA PARKWAY MCKINNEY, TEXAS

Re: Powell property acres located in the Lakeside Business District listed in the Denton County records as property on the attached map.

8680 FM 156 DISH, TX FOR SALE LAND - 37 ACRES GOOGLE MAPS: 8744 N. FARM TO MARKET ROAD TEXAS 76266

CERRITOS INDUSTRIAL PARK A 15,337 SQ. FT. MULTI-TENANT BUSINESS PARK INVESTMENT OPPORTUNITY

NORTHGATE BUSINESS PARK DALLAS/FORT WORTH, TEXAS 393,862 SQUARE FEET EIGHT PROPERTIES 87.3% LEASED INFILL LOCATION OFFERING SUMMARY

5000 RIVERSIDE DRIVE IRVING, TEXAS 75039

DALLAS CBD. 5 Offering Summary LAS COLINAS URBAN CENTER BROOKHAVEN COUNTRY CLUB WEBB CHAPEL ROAD N JOSEY LN CARROLLTON PARK SHOPPING CENTER NIX RD

/4 Willow Brook Avenue Los Angeles, CA 90029

FOR SALE MEDICAL OFFICE BUILDINGS 2440 N. JOSEY LN. CARROLLTON, TX 75006

GRAPEVINE MILLS CROSSING

FOR SALE OWNER/USER OPPORTUNITY $1,595,000 ($169.12/SF)

7975 & 7955 RAYTHEON ROAD SAN DIEGO, CA 92111

FOR SALE $2,750,000 EXISTING CAR WASH OPERATION INCLUSIVE OF ALL FIXTURES & EQUIPMENT ACRES PRIME ADDISON LOCATION INVESTMENT SUMMARY

$ International Business Park. Move-in ready Excellent accessibility Covered parking available + E AS-IS RATE REDUCTION: Contact us:

14815 Burbank Blvd. PROPERTY HIGHLIGHTS. Prepared By Burbank Blvd. Sherman Oaks, CA 91411

North Central Texas. Development News. 4th Quarter 2007 Volume 4 Number 4

INVESTMENT OVERVIEW. Investment Grade and Publicly Traded Companies. Significant Leasing Opportunities at The Terrace, which

THE LANDMARK ADDISON, TEXAS TIMELESS ARCHITECTURAL DESIGN EXCEPTIONAL LOCATION WITH TREMENDOUS UPSIDE

8701 CYPRESS WATERS BOULEVARD

The Villa Primavera Apartments 3313 North Maple Avenue Fresno, CA 93726

15025 Burbank Blvd PROPERTY HIGHLIGHTS. Prepared By Burbank Blvd Sherman Oaks, CA 91411

The CoStar Office Report

15011 Burbank Blvd PROPERTY HIGHLIGHTS. Prepared By Burbank Blvd Sherman Oaks, CA 91411

GRAND PLAZA BUSINESS PARK

NORTH TARRANT PARKWAY NEW 12,617 SF EMERGENCY ROOM + 11,054 SF MOB SHELL SPACE FOR SALE OR LEASE MEDICAL RETAIL BUILDING

OFFERING MEMORANDUM. 415 Washington Street. Waukegan, IL PRESENTED BY: COLLIERS INTERNATIONAL

Miami Airport Center Warehouse 7500 NW 25th St Unit 2 Miami, FL 33122

HOLLISTER BUSINESS PARK

In DFW s core business hub surrounded by its leading entertainment district!

For Sale Broadway Lemon Grove, CA. Owner User/Investor Value Add Opportunity

Deliveries and starts see midyear gains; occupancy up 40 bps

DEVELOPING ExcELLENcE

For Sale: Two-Suite Building

Northshore Business Park

The Silver Building. 519 Campbell Avenue West Haven, CT 06516

CITY VIEW 5612 SW GREEN OAKS BLVD ARLINGTON, TX Clint Montgomery, CPM, RPA VP of Management and Leasing

LANDMARK CENTER is a six-story modernized historical building situated along N Lamar Street in

O'REILLY AUTO PARTS. Investment Property Offering $500, North State Highway, North Vernon, IN Offering Highlights

NORWOOD PLAZA 1848 NORWOOD PLAZA HURST, TX David Cook, SIOR, SEC Managing Director

AUSTIN RANCH The Hudson

Centrally located within DFW s Top Entertainment Destination!

Highland Medical Plaza 4390 N. Federal Highway Fort Lauderdale, Florida 33308

CONCOURSE CENTER IN THE CENTER OF THE WESTSHORE BUSINESS DISTRICT FOR LEASE

OFFERING SUMMARY. Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker ( HFF )

Multi-Tenant Strip Center

Excellent Owner/User or Investor Opportunity

Martin Luther King W. Martin Luther King Jr. Blvd Los PROPERTY HIGHLIGHTS

COOPER STREET ARLINGTON, TX INVESTMENT SUMMARY

PRESTON TRAIL Village

35.39 Acres PRESIDIO JUNCTION AT N. TARRANT PKWY & SH 287 HARMON ROAD COMMERCIAL RETAIL SERVICE W BASSWOOD BLVD. N. TARRANT PKWY A DR.

Natick Manor Apartments

Plug & Play Sublease Overlooking Turn 2 of the Texas Motor Speedway s Superspeedway

Offering Summary MACARTHUR HILLS IRVING, TEXAS

317 Western Ave PROPERTY HIGHLIGHTS. Prepared By. 317 Western Ave Glendale, CA 91201

O F F E R I N G S U M M A R Y

4 ACRES OF PRIME LAND ON SH-121! 4010 Nazarene Dr., Carrollton, TX 75010

NORWOOD PLAZA 1848 NORWOOD PLAZA HURST, TX David Cook, SIOR, SEC Managing Director

$425,000 BANK OWNED 8 UNIT APARTMENT BUILDING SAN PABLO AVENUE, SAN PABLO, CA SHAWN WILLIS

Holliday GP Corp. ( HFF ), a Texas licensed real estate broker, has been exclusively retained by the Owner to offer qualified investors the

Offering Memorandum 12,600 SF : : $3,076, : : 7.0% CAP RATE

Hollywood Industrial Property 5770 Funston St Hollywood, FL 33023

All Utilities Included Basic Furniture Package 24 Hr. Access Conference and Break Room Provided Local Ownership

For Sale: Owner/User Opportunity

C-III Realty Services. Offering Memorandum Woods End Corporate Park 25, 37 & 49 Kessel Court Madison, WI

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a California licensed real estate broker California License Number (

4455 Bakman Ave PROPERTY HIGHLIGHTS. Prepared By Bakman Ave Studio City, Ca 91602

LENDER ORDERED REO SALE

North Orange County Rare NNN-Leased Commercial Mixed-Use Investment Opportunity

MCCULLOCH BUILDING 114 NORTH GRAND AVE OKMULGEE, OK Casey Litsey Associate Advisor

5419 S Decatur Blvd, Las Vegas, NV 89118

9010 Justin Road Rufe Snow Commercial 407 S Pate Orr Rd Keller, Tarrant County, Texas 76248

The Shops at Timberland Crossing

Multi-Tenant Net Leased Investment

CHISHOLM TRAIL RANCH SUMMER 2018 POWER CENTER OPENING EDGE Berkshire Lane, Suite 700 Dallas, Texas T edge-re.

Palm Desert San Rafael Ave Palm Desert, CA Prime Palm Desert Location. Huge upside potential in rents.

CYPRESS STATION Houston, Texas

Prairie Commons - Office, Medical & Retail For Lease and For Sale

30785 Grand River Ave, Farmington Hills, MI 48336

Victorian Style Apartment Building + 1 SFR

OFFERING MEMORANDUM PRICE: $240,000 ($24,000 / Unit)

East Los Angeles Flex Office with Abundant Parking For Sale 5128 VALLEY BOULEVARD & 2262 BEATIE PLACE LOS ANGELES, CA 90032

E FLORENCE AVE. LOS ANGELES, CA 90001

SOUTH WALTON PLAZA OFFICE BUILDING. 105 SE 22nd Street, Bentonville, AR

Casa Sunrise. Offering Memorandum N 40TH STREET PHOENIX AZ A 14 Unit Garden Style Apartment Community. Investment Sales and Leasing

OFFICE \ FLEX CONDO FOR SALE

THE GREENS AT INVERNESS

Transcription:

INVESTMENT SUMMARY 121,420 RSF 83.2% LEASED SINGLE-STORY OFFICE RICHARDSON, TEXAS

Stream Realty Partners is pleased to present for sale 2703 Telecom Parkway (the Property ) on an exclusive basis to qualified investors. The opportunity consists of a single-story, suburban office building comprised of 121,420 square feet positioned across an 8.59-acre site in Richardson, Texas. Built in 1997, the Property is currently 83.2% leased to three tenants with a weighted average remaining lease term of 5.8 years. With a single 20,426 square-foot vacant suite remaining, 2703 Telecom Parkway provides significant upside potential at an attractive basis, as the Property can be purchased at a significant discount to replacement cost. PROPERTY DESCRIPTION ADDRESS: BUILDING SIZE: YEAR BUILT: 1997 STORIES: 1 PARKING RATIO: LEASED: 83.2% 2703 Telecom Parkway Richardson, Texas 121,420 rentable square feet 4.3:1,000 SF INVESTMENT HIGHLIGHTS NEAR-TERM UPSIDE POTENTIAL At 83.2% occupied, the Property provides substantial upside through lease-up and rolling existing tenant rents to market. All 3 existing tenants are paying rental rates below market, presenting immediate value creation through mark to market of rates and the lease up of the vacancy. DIVERSIFIED, CREDIT WORTHY TENANTS Diversified rent roll in terms of industry, lease expiration, and size. All three tenants have chosen 2703 Telecom Parkway as their primary office location for the DFW area. EXCEPTIONAL RICHARDSON LOCATION The Property is located in southeast Richardson, one of the hottest submarkets in DFW. The 2 million squarefoot State Farm Campus and CityLine development are just west of this location. In addition, a $2 billion data center developer, Edge Core Networks, just announced a major data center development project on approximately 30 acres of land due north of 2703 Telecom Parkway. FUNCTIONAL, MULTI-TENANT DESIGN The building is currently configured as a single-story office building, that offers a 4.3:1,000 SF parking ratio, but could also function as a flex building. WEIGHTED AVERAGE REMAINING LEASE TERM: SITE SIZE: 5.8 years 8.59 acres DISCOUNT TO REPLACEMENT The likely sale price of the Property will be at a significant discount to replacement cost, estimated to be over $18,000,000. SURROUNDING DEVELOPMENTS In addition to the Edge Core Networks development announcement, the immediate area is also seeing medical office, hospital, multi-family, industrial, office condo and other data center development. 2

E RENNER RD N JUPITER RD SHILOH RD RESEARCH DR TELECOM PKWY BRECKENRIDGE BLVD NORTH STAR RD FLOWER MOUND 35E 121 PLANO 75 LOOKOUT DR W CAMPBELL RD 114 287 35W KELLER 377 N GARLAND AVE GRAPEVINE 121 DFW Int l 635 114 Addison CARROLLTON 635 ADDISON 75 RICHARDSON 190 GARLAND SAGINAW Fort Worth Mecham Int l 183 161 IRVING Dallas Love Field 35E UNIVERSITY PARK HIGHLAND PARK 12 635 FORT WORTH 820 30 ARLINGTON 360 GRAND PRAIRIE 30 DALLAS 30 175 MESQUITE 20 35W 287 20 3

AERIAL MAP 15+ RESTAURANTS RENN ER RD BREC KINR IDGE FUTURE OFFICE CONDO DEVELOPMENT MEDICAL OFFICE BUILDING LO OK FUTURE INDUSTRIAL DEVELOPMENT Y OU BLVD KW MP ECO TD TEL R SUBSTATION D LR EL PB FUTURE DATA CENTER M CA 4

PROPERTY AGE: 1997-21 Years Old LAND AREA: 8.59 Acres 374,180 Square Fee BUILDING AREA: 121,420 Square Feet FIRE SPRINKLERS: Yes FOUNDATION: Reinforced-Concrete Slab BUILDING STRUCTURE: Concrete Tilt-Wall ROOF AGE / TYPE: Original - 1997 Built Up Tar & Gravel 335 FLOOR COVERINGS: Carpet, Tiles, Treated Concrete - Varies Suite to Suite 162 120 HVAC SYSTEM / % CLIMATED CONTROLEED: HVAC UNIT COUNT: Roof Top Units & Split Systems 100% of Space Under HVAC 53 VACANT 20,426 SF Suite 100 PARKING SPOTS / RATIO: 527 4.3 Space / 1,000 SF WATER/SEWER: City of Richardson OFFICE LIGHTING Varies Suite to Suite ZONING: I-M (1) 5

Typical Store Front Tenant Electrical Room Tenant Training Room Tenant Break Room Tenant Fitness Room Tenant Office Area Building Elevation 6

Tenant Store Front Tenant Reception Area Tenant Break Room Tenant Office Area Tenant Executive Conference Room Tenant Fitness Room Tenant Break Room Building Rear / Service Area INVESTMENT SALES TEAM: JAMIE JENNINGS Managing Director 214.267.0452 jjennings@streamrealty.com ANDREW RABINOVICH Senior Financial Analyst 214.560.5111 andrew.rabinovich@streamrealty.com MARKET EXPERT: TIM TERRELL Executive Vice President & Partner 214.267.0406 tterrell@streamrealty.com 7