7301 State Highway 161Irving, TX 75039

This exceptional Class A office building, Plaza One61, presents a compelling investment opportunity. Located at 7301 State Hwy 161 in Irving, Texas (zip code 75039), this multi-tenant property boasts 195,172 square feet and is currently 71.6% occupied. The asking price is $21,850,000, representing an attractive price per square foot of $111.95, significantly below replacement cost. The property generates a substantial net operating income (NOI) of $1,981,535, yielding a go-in cap rate of 9.07%. Significant upside potential exists due to the current occupancy rate. The average rental rate is $24.58 per square foot plus expenses. The building features superior finishes and is situated in a high-growth area, with a nearly 70% population surge within a 3-mile radius since 2010. The location offers exceptional accessibility, directly off Highway 161 (PGBT), a major thoroughfare with over 115,000 vehicles per day, and less than 10 minutes from DFW International Airport. The surrounding area boasts an average household income of $122,282, approximately 1.6 times the national average. This property offers a rare combination of strong current performance and substantial future growth potential.