16980 N Dallas Pkwy
Dallas, Texas
Building
Stats
- Property Type Office - Office Building
- Year built 1985
- Building size (SF) 61,356
- Size (Ac) 3.14
- Parking 4/1000 (includes 50 below-grade garage spaces and 22 covered surface spaces)
Overview
16980 N. Dallas Parkway offers an investor a stabilized occupancy of 93.4% consisting of five strong credit tenants with no lease expirations until 2026. The property has been 35% occupied since 2009 by the Seller’s corporate HQ, which can be retained as a tenant via a newly negotiated lease with the purchaser of the asset.
The on-site ownership has provided for personal, hands-on maintenance of the asset and strong relationships with the building tenants evidenced by the stability and longevity of their occupancy. Four of the five tenants, including the owner, have been in place in excess of 10 years. The quality and size of the asset, along with the small number of tenants averaging just over 11,000 rsf, allows an investor to easily selfmanage the asset and maintain the family atmosphere developed by the Seller.
