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Office

17440 Dallas Pkwy

17440 Dallas Pkwy, Dallas, TX 75287

Listing Price: $7,300,000

Cap Rate
5.94%
Rentable SF
53,784
Lot Size
1.96 acres
Year Built
1983

Investment Overview

17440 N Dallas Pkwy is a well-maintained office building situated in one of Dallas’ most prominent locations. Located just south of Trinity Mills Road on the east side of the Dallas North Tollway in the Bent Tree/Quorum submarket. Updated in the last few years and built in 1985, this 53,784 square foot Class “B” asset consists of two story office with surface parking.

17440 N Dallas Pkwy is situated in an area with outstanding visibility from the Dallas North Tollway and is within a 20-minute drive of both D/FW International Airport and downtown Dallas, ensuring easy access to all of the amenities of the greater Dallas area. The Quorum/Bent Tree submarket consists of high-quality office and retail surrounding the Dallas North Tollway, which is nestled between upscale multifamily developments. The property is also located near the exclusive Bent Tree Country Club and Golf Course, all of which offer local area business executives and employees a multitude of living, social, and nightlife options. It is also near the Addison Circle “lifestyle center”, and numerous upper-end single family home subdivisions.

17440 N Dallas Pkwy is a rare opportunity for an investor to acquire a solid, well-maintained asset in this location which can then be aggressively leased up at market rents to produce outstanding cash returns for the foreseeable future.

Investment Highlights

  • Great Asset for Investor or Owner-User
  • Substantially below replacement cost at $135.73 PSF
  • $433,277 NOI based on current rent roll
  • Outstanding Dallas North Tollway Location near Bent Tree Country Club
  • Strong Submarket Absorption and Rental Increases in the last two years
  • Well-Maintained Class "B" Office Building with No Major Deferred Maintenance
  • Minutes to Downtown Dallas, D/FW International Airport & Most Dallas Suburbs

Exclusively Listed By

Financing By

Office

17440 Dallas Pkwy

Listing Price: $7,300,000

Cap Rate
5.94%
Rentable SF
53,784
Lot Size
1.96 acres
Year Built
1983

Investment Highlights

  • Great Asset for Investor or Owner-User
  • Substantially below replacement cost at $135.73 PSF
  • $433,277 NOI based on current rent roll
  • Outstanding Dallas North Tollway Location near Bent Tree Country Club
  • Strong Submarket Absorption and Rental Increases in the last two years
  • Well-Maintained Class "B" Office Building with No Major Deferred Maintenance
  • Minutes to Downtown Dallas, D/FW International Airport & Most Dallas Suburbs

Investment Overview

17440 N Dallas Pkwy is a well-maintained office building situated in one of Dallas’ most prominent locations. Located just south of Trinity Mills Road on the east side of the Dallas North Tollway in the Bent Tree/Quorum submarket. Updated in the last few years and built in 1985, this 53,784 square foot Class “B” asset consists of two story office with surface parking. 17440 N Dallas Pkwy is situated in an area with outstanding visibility from the Dallas North Tollway and is within a 20-minute drive of both D/FW International Airport and downtown Dallas, ensuring easy access to all of the amenities of the greater Dallas area. The Quorum/Bent Tree submarket consists of high-quality office and retail surrounding the Dallas North Tollway, which is nestled between upscale multifamily developments. The property is also located near the exclusive Bent Tree Country Club and Golf Course, all of which offer local area business executives and employees a multitude of living, social, and nightlife options. It is also near the Addison Circle “lifestyle center”, and numerous upper-end single family home subdivisions. 17440 N Dallas Pkwy is a rare opportunity for an investor to acquire a solid, well-maintained asset in this location which can then be aggressively leased up at market rents to produce outstanding cash returns for the foreseeable future.

Exclusively Listed By

Financing By

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