10807 HwyDallas, TX 75238

For Sale
$2,371,765

High-return office building, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a single-tenant, 6,662 square foot Class B office building located at 10807 E NW Hwy, Dallas, TX 75238, in the desirable White Rock market, approximately 20 minutes from downtown Dallas. The property, built in 1969 and renovated in 2013, sits on one acre and features a single-story structure. Currently 100% occupied by RE Tech Advisors, a portfolio company of Blackstone, under a Net Lease (NNN) agreement, the property offers a strong, stable income stream. The lease commenced July 1, 2022, with a remaining term of approximately 2.6 years (expiring June 20, 2027), and includes two, five-year lease options. The asking price is $2,371,765, representing an 8.50% cap rate and a Net Operating Income (NOI) of $201,600. This presents a compelling investment opportunity with significant potential for value-add improvements in the future. The tenant's strong financial backing provides security and stability for long-term growth. The property's prime location and excellent accessibility contribute to its high market demand.

Highlights

  • 6,662 SF Class B office building in the White Rock market of Dallas, TX, approximately 20 minutes from downtown.
  • Single-tenant, Net Lease (NNN) property with approximately 2.6 years remaining on the lease, plus two 5-year options.
  • Tenant is RE Tech Advisors, a Blackstone portfolio company, providing strong financial backing and lease stability.
  • Asking price: $2,371,765, offering an 8.50% cap rate and $201,600 NOI.

Property Details for 10807 Hwy

Property type
Other office properties, Office space
Square Feet
6,662 SF
Class
B
Year Built/Renovated
1969/2013
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.864822837269
Longitude
-96.697013222167
10807 Hwy, Dallas, Texas

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10807 Hwy
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