Brookhollow Riverside 2505 N State Highway 360 119 424 pi² 77% Loué 4-Étoile Bureau Immeuble Grand Prairie, TX 75050 À vendre

Younger Partners is pleased to offer qualified investors the opportunity to purchase Brookhollow Riverside (Property), a renovated mid-rise office asset located on high-profile State Highway 360. The prominent, eight-story office building offers established tenancy and income with predictable returns to investors. Nearly stabilized, the building’s average in-place rents are roughly $22.30/sf which is almost 9% below the most recent leasing in the building and 16% below market. The building presents a rare opportunity to acquire a renovated office building with a combination of current cash flow and mark to-market rents in the next 36 months.
Leased to a variety of tenants, the building benefits from a strong selection of noteworthy occupants. Almost 25% of the tenancy is backed by the United States Government (GSA) or the State of Texas. An additional 50% of the occupancy is made up of national credit tenants with long histories in the building. With no notable maturities until late in 2029, Brookhollow Riverside provides established, reliable cash flow to investors seeking current yield on their invested dollars.
The current ownership has made sizeable investments back into the building. The roof, HVAC and elevator systems have all been upgraded. Over the last few years, more than $325,000 has been poured back into the building. This should limit near term capital expense requirements for future owners.
With more than 136,000 vehicles passing the building daily, Brookhollow Riverside is a short distance from the Arlington Entertainment District (Six Flags, Hurricane Harbor, Texas Live, AT&T Stadium and Globe Life Field). The Arlington office market has long been one of the regions most consistent and resilient office leasing markets. With the Dallas metropolitan area ranked #1 by Kastle Systems “Back to Work” metrics, Brookhollow Riverside is poised to continue performing!