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5001 Statesman Dr
Irving, TX 75063
Office Property For Sale
EXECUTIVE SUMMARY
Institutional Property Advisors (IPA), a division of Marcus and Millichap, is pleased to offer the opportunity to acquire a trophy quality ±93,632 SF single tenant office located at 5001 Statesman Irving, TX (Dallas MSA) (“Asset” or “Building”). The Asset is 100% occupied by Nucor Corporation (“Nucor” or “Tenant”). Nucor is North America’s largest steel manufacturer and recycler that carries strong investment grade ratings by all three credit ratings agencies – Moody’s (Baa1) and S&P Global & Fitch (A-). Nucor is also ranked 140 on the Fortune 500 & 447 on the Global Fortune 500.
This offering presents a rare opportunity to acquire a high-quality, single-tenant office asset backed by an investment-grade tenant. They offer exceptional real estate security, bolstered by a long-term lease at a competitive market rent. With a purchase price well below replacement cost, future ownership stands to benefit from both strong intrinsic value and the tenant’s lack of renewal options, creating potential for significant upside at lease expiration.
This offering presents a rare opportunity to acquire a high-quality, single-tenant office asset backed by an investment-grade tenant. They offer exceptional real estate security, bolstered by a long-term lease at a competitive market rent. With a purchase price well below replacement cost, future ownership stands to benefit from both strong intrinsic value and the tenant’s lack of renewal options, creating potential for significant upside at lease expiration.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Office
Building Size
93,632 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
46,816 SF
Slab To Slab
12’
Building FAR
0.35
Lot Size
6.19 AC
Zoning
ML-20A
Parking
507 Spaces (5.41 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 320960500A0010000 | Improvements Assessment | $13,461,537 CAD |
| Land Assessment | $5,702,358 CAD | Total Assessment | $19,163,895 CAD |
PROPERTY TAXES
Parcel Number
320960500A0010000
Land Assessment
$5,702,358 CAD
Improvements Assessment
$13,461,537 CAD
Total Assessment
$19,163,895 CAD
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