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Single-Tenant Industrial

1336 South Irving Drive - Low Rents | Centrally Located Within Dallas MSA

1336 S Irving Heights Dr, Irving, TX 75060

Listing Price: $3,378,000

Cap Rate
4.64%
Gross SF
101,886
Price/Gross SF
$33.15
Lot Size
2.34 acres
Year Built
1967
Rentable SF
22,000

Investment Overview

-Strong Corporate Guarantee - -Tenant has Over 360 Locations Across 30 Countries with More Than $5 Billion in Annual Revenue -Tenant is an Industry-Leading Global Provider of Access and Scaffolding Systems, Forming, Shoring, and -Industrial Services to the Industrial, Commercial, and Infrastructure Markets -Tenant was Valued at $6.7 Billion in 2019 when Brookfield Business Partners (NYSE: BBU) Acquired 45% of the Company -Double Net Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for Investors not Local to the Market -Strong Real Estate Fundamentals- -Dense, Infill Trade Area Just West of Downtown Dallas – Population Counts Exceed 210,000 Residents Within a 5-Mile Radius -Value Add Opportunity – Below Market Rents of $7.13 PSF with No Options Giving New Landlord Upside in Negotiation -Located On Highway 12 with Excellent Exposure - Traffic Counts Exceed 132,000 Cars Per Day and the Subject Property Features Unmatched Access to Interstate 35E, Interstate 635, Loop 12, and Highway 183 -The Subject Property Offers Direct Access to Over 7 Million People and the Largest Business Hubs Within the DFW Metroplex -Located in an Industrial Area with other National Brands such as United Rentals, Landmark Equipment, Estes Express Lines, Ahern Rentals, and Many More -Dallas/Fort Worth is a Top-Ranking MSA for Overall Population Growth in a Metro Area with 97,290 New Residents Between July 2020 and July 2021

Investment Highlights

  • Low Rents Per SF of Just $7.13 (More Than 50% Below Market) | 7.82% Pro Forma Cap Achievable at 75% of Market Rent
  • New 20-Year Roof Membrane Worth $127,000 Installed in 2021
  • Strategic Location – Centrally Located Within the Dallas/Fort Worth Metro (Over 1,000,000 People in a 10-Mile Radius)

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Single-Tenant Industrial

1336 South Irving Drive - Low Rents | Centrally Located Within Dallas MSA

Listing Price: $3,378,000

Cap Rate
4.64%
Gross SF
101,886
Price/Gross SF
$33.15
Lot Size
2.34 acres
Year Built
1967
Rentable SF
22,000

Investment Highlights

  • Low Rents Per SF of Just $7.13 (More Than 50% Below Market) | 7.82% Pro Forma Cap Achievable at 75% of Market Rent
  • New 20-Year Roof Membrane Worth $127,000 Installed in 2021
  • Strategic Location – Centrally Located Within the Dallas/Fort Worth Metro (Over 1,000,000 People in a 10-Mile Radius)

Investment Overview

-Strong Corporate Guarantee - -Tenant has Over 360 Locations Across 30 Countries with More Than $5 Billion in Annual Revenue -Tenant is an Industry-Leading Global Provider of Access and Scaffolding Systems, Forming, Shoring, and -Industrial Services to the Industrial, Commercial, and Infrastructure Markets -Tenant was Valued at $6.7 Billion in 2019 when Brookfield Business Partners (NYSE: BBU) Acquired 45% of the Company -Double Net Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for Investors not Local to the Market -Strong Real Estate Fundamentals- -Dense, Infill Trade Area Just West of Downtown Dallas – Population Counts Exceed 210,000 Residents Within a 5-Mile Radius -Value Add Opportunity – Below Market Rents of $7.13 PSF with No Options Giving New Landlord Upside in Negotiation -Located On Highway 12 with Excellent Exposure - Traffic Counts Exceed 132,000 Cars Per Day and the Subject Property Features Unmatched Access to Interstate 35E, Interstate 635, Loop 12, and Highway 183 -The Subject Property Offers Direct Access to Over 7 Million People and the Largest Business Hubs Within the DFW Metroplex -Located in an Industrial Area with other National Brands such as United Rentals, Landmark Equipment, Estes Express Lines, Ahern Rentals, and Many More -Dallas/Fort Worth is a Top-Ranking MSA for Overall Population Growth in a Metro Area with 97,290 New Residents Between July 2020 and July 2021

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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