2221 Grauwyler RdIrving, TX 75061

For Sale
$2,300,000

15,020 SF Flex Space, 5 Tenants, 5.81% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional value-add investment opportunity presents a fully leased, 15,020-square-foot industrial property situated on a 0.96-acre lot in Irving, Texas. The property, comprised of two single-story buildings, boasts 100% occupancy across five tenants under a triple-net (NNN) lease structure, providing stable income. Built in 1984, the Class C property features 13 loading docks, 61 parking spaces, and a generous 18-foot ceiling height. The flexible space is ideal for a variety of industrial and retail uses, as evidenced by its current tenant mix. Located at 2221 & 2219 E Grauwyler Rd, this prime location offers unparalleled accessibility, situated less than 0.4 miles from Loop 12 and Highway 183, providing convenient access to DFW International Airport and Dallas Love Field. The property is zoned SP1 and offers significant potential for future appreciation. The asking price is $2,300,000, representing a compelling $153.13 per square foot and a 5.81% capitalization rate. This is a rare opportunity to acquire a well-located, fully occupied industrial portfolio with strong income generation and significant upside potential.

Highlights

  • Fully leased, 15,020 SF industrial property in Irving, TX on a 0.96-acre lot.
  • Two single-story buildings with 100% occupancy under NNN leases.
  • 13 loading docks, 61 parking spaces, and 18' ceiling height.
  • Prime location near Loop 12 & Hwy 183, offering easy access to DFW & Love Field airports.
  • $2,300,000 asking price, $153.13/SF, 5.81% cap rate.

Property Details for 2221 Grauwyler Rd

Property type
Other retail properties, Other industrial properties
Square Feet
15,020 SF
Class
C
Year Built
1984
Buildings
2
Stories
1
Lot Size (sq. ft)
41,818 SF
Units
5

Location Insight

City
Irving
County
Dallas
State
Texas
Latitude
32.8312591
Longitude
-96.9127324
2221 Grauwyler Rd, Irving, Texas

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2221 Grauwyler Rd
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