17440 Dallas PkwyDallas, TX 75287

For Sale
Call for price

Prime Dallas location, high NOI potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
Bent Tree Gardens offers a unique investment opportunity in the highly desirable Dallas North Tollway corridor. This well-maintained, two-story Class B office building totals 53,784 square feet on a 1.96-acre lot, built in 1983 and renovated in 2009. Currently boasting 79.3% occupancy with a multi-tenant lease structure, the property generates a net operating income (NOI) of $433,277 based on the current rent roll. Situated just south of Trinity Mills Road, this asset benefits from exceptional visibility and convenient access to DFW International Airport and downtown Dallas, within a 20-minute drive of each. The surrounding area features upscale residential developments, the exclusive Bent Tree Country Club, and the Addison Circle lifestyle center, providing employees and executives with a variety of amenities. The property's location within the strong Quorum/Bent Tree submarket, known for high-quality office and retail spaces, ensures strong submarket absorption and rental growth potential. This presents a compelling opportunity for an owner-user or investor seeking a solid, well-maintained asset with significant upside potential, substantially below replacement costs at $139.45 per square foot. There is no major deferred maintenance. The gross lease structure simplifies management, and the property's prime location and strong submarket fundamentals position it for long-term success.

Highlights

  • Exceptional investment or owner-user opportunity.
  • Substantially below replacement cost at $139.45 per square foot.
  • $433,277 Net Operating Income (NOI).
  • Prime Dallas North Tollway location near Bent Tree Country Club.
  • Strong submarket with significant rent growth over the past two years.
  • Well-maintained Class B office building with no deferred maintenance.

Property Details for 17440 Dallas Pkwy

Property type
Other office properties, Office properties
Square Feet
53,784 SF
Class
B
Year Built/Renovated
1983/2009
Buildings
1
Stories
2
Lot Size (sq. ft)
85,378 SF

Location Insight

City
Dallas
County
Collin
State
Texas
Latitude
32.9880995
Longitude
-96.8276476
17440 Dallas Pkwy, Dallas, Texas

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17440 Dallas Pkwy
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