MacArthur and Pioneer Plaza 615 N MacArthur Blvd 6 113 pi² 100% Loué Bureau Immeuble Irving, TX 75061 1 724 058 $ CAD (282,03 $ CAD/pi²) 7,75% Taux de capitalisation

Macarthur and Pioneer Plaza is a 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 intersection of Macarthur Boulevard and Pioneer Drive, the Property is approximately 15 minutes west from Downtown Dallas and 30 minutes east of Downtown Fort Worth. Macarthur and Pioneer Plaza is 100% 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. The Property benefits from favorable access and visibility with parallel positioning to Macarthur Boulevard. Additionally, Macarthur and 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 $15.98 per square foot, providing upside in raising rents to market levels and converting leases to NNN. Listed at a 7.75% cap rate, the Property is priced well below replacement cost at $206.14 per square foot to the building.