2401 N Highway 287 34,200 SF Flex Building Mansfield, TX 76063 $4,046,080 CAD ($118.31 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2401 North Highway 287 (Frontage Road), in Mansfield, Texas. The subject property consists of approximately 34,200 square feet of industrial flex space and is situated on 3.57 acres of land. The single-tenant asset features a clear height of 16’, one grade-level door, metal construction, 10 HVAC units, and 20 parking spaces. Renovated in 2021, the property façade has been improved to increase curb appeal. With high visibility along Mansfield’s major thoroughfare, the property also has proximate access to Interstate 20 and Texas State Highway 360. For sale as vacant, the property is available for immediate owner use or as a lease-up opportunity. At $105 per square foot, investors can acquire this asset below replacement costs.
The subject property is located in the mid-sized Mansfield submarket, containing 10.9 million square feet of industrial space. In the 12 months through the first quarter of 2025, net absorption remained positive, just above the decade’s average at more than 263,000 square feet. However, during that time span, net deliveries increased by just over 920,000 square feet. As a result, the vacancy rate in Mansfield increased by 380 basis points year-over-year to 9.3 percent in Q1. However, among comparable properties under 50,000 square feet, the vacancy rate actually dropped by -340 basis points to 4.2 percent in Q1. Nonetheless, the additional availability across Mansfield put pressure on rent growth as the annual rate decelerated to 4.9 percent in Q1 from 8.0 percent a year earlier. With only about 318,000 square feet under construction, representing 2.9 percent of inventory, the good news is that supply will have less of an impact on vacancies and rents going forward (CoStar).
The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with a total of 8.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with nearly 980,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metro’s numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub (Marcus & Millichap).