Macarthur & Pioneer Plaza 2 Office Properties Offered at $1,586,584 CAD in Irving, TX

Macarthur & Pioneer Plaza is an 86.91% leased 6,113 square foot retail asset located in the established central DFW submarket of Irving, Texas. Positioned just minutes south of Texas State Highway 183 off the established intersection of MacArthur Boulevard & Pioneer Drive, the Property is approximately 15 minutes west from Downtown Dallas and 30 minutes east of Downtown Fort Worth. MacArthur & Pioneer Plaza is leased to a complementary mix of relevant tenants with an established local presence including Everest Home Health Care, Clinica Latina and Community Bible Fellowship Church. Significant upside potential exists in leasing the existing 800 SF vacancy to a retail, service or medical user. Additionally, MacArthur & Pioneer Plaza benefits from a highly visible two-sided monument sign, an average suite size of only 1,528 square feet providing strong residual value, large parcel size of +-/0.79 acres, two separate buildings, additional storage unit that can be leased to tenants. In-place rents are below market with an effective rent of $13.59 PSF. Pro forma estimates conemplate achieving an 9.11% cap rate at list price by leasing the existing 800 SF vacancy at $20.00 PSF NNN.