Investment Overview

Marcus & Millichap is pleased to offer for sale 6200 LBJ Freeway, a beautiful high-quality office with medical and general business tenants. The property is located on LBJ Freeway in Dallas with approximately 52,394 square feet. Currently at 34.45 percent occupancy, the asset offers substantial upside through lease-up with market rates of $20 to $21 PSF + Electricity and base year overages. 6200 LBJ Freeway has an urban infll setting with newly remodeled Class A restrooms circa 2018. The subject office building was built in 1985 and was renovated in 2017 and is an excellent owner/user opportunity. This property has a history of consistent cash flow, making it an attractive opportunity for an investor looking to retain a high-quality asset with consistent returns. The property's location is in an attractive submarket for out-of-state companies relocating to the North Texas area. Ideally accessible to the DFW metroplex on LBJ Freeway, the property is positioned on the south side of LBJ Freeway between Hillcrest Road and Preston Road. The surrounding area is experiencing redevelopment project, with the new Mid-Town project, development near the Galleria, as well as established shopping centers at Preston and Forest and exclusive residential neighborhoods such as Preston Hollow and Preston North where single-family residences range from the high $500,000's to more than $10 million. The 6200 LBJ Freeway office building sees a high estimated average daily traffic count of 26,908 vehicles, and benefits from strong demographics: serving a five-mile population of approximately 387,289 residents with a five-mile average household income exceeding $152,896.