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Office

O'Connor Ridge Office

4545 Fuller Dr, Irving, TX 75038

Listing Price: Request For Offer

Gross SF
126,790
Rentable SF
126,790
Lot Size
7.07 acres
Year Built
1980

Investment Overview

O’Connor Ridge Office is a well-maintained multi-tenant office building located near Highway 114 and situated on O’Connor Ridge. It is conveniently situated between Downtown Dallas and D/FW International Airport. Built in 1980 and renovated in 2007 this 126,790 square foot Class “B+” asset consists of four stories with approximately thirty suites.

The asset is offered on a Best Offer Basis with the Assumption of a 4 Percent Life Insurance Company Loan with a loan balance of approximately $6,480,149 and Maturity Date in September-2030. The loan has a pre-payment option in August 2025 of 5 per cent (and decreasing every year by 1 percent.)

The subject property is within a 10-minute drive of DFW International Airport and downtown Irving, ensuring easy access to all of the amenities of the greater Irving area. The Irving submarket consists of high-quality office and retail surrounding the Irving North Tollway, which, in turn, is nestled between upscale single-family developments and near the Las Colinas Country Club opened in 1963.

Strong demographics, serving a five-mile population of approximately 274,919 residents with a one-mile average household income exceeding $134,312. O’Connor Ridge Office is a great 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

  • Best Offer Basis
  • Assumable 4 Percent Life Insurance Loan with Loan Balance of Approximately $6,480,149
  • Great Asset for Owner-User or Investor or Apartment Re-Developer
  • Long Term Land Play with 7.07 Acre Parcel
  • Substantially Below Replacement Costs
  • $639,100 NOI Based On Current Rent Roll and 66% Occupancy
  • Good Sub-market Absorption and Rental Increases In The Last Two Years
  • Well-Maintained Class "B+" Office Building with No Know Deferred Maintenance

Exclusively Listed By

Office

O'Connor Ridge Office

Listing Price: Request For Offer

Gross SF
126,790
Rentable SF
126,790
Lot Size
7.07 acres
Year Built
1980

Investment Highlights

  • Best Offer Basis
  • Assumable 4 Percent Life Insurance Loan with Loan Balance of Approximately $6,480,149
  • Great Asset for Owner-User or Investor or Apartment Re-Developer
  • Long Term Land Play with 7.07 Acre Parcel
  • Substantially Below Replacement Costs
  • $639,100 NOI Based On Current Rent Roll and 66% Occupancy
  • Good Sub-market Absorption and Rental Increases In The Last Two Years
  • Well-Maintained Class "B+" Office Building with No Know Deferred Maintenance

Investment Overview

O’Connor Ridge Office is a well-maintained multi-tenant office building located near Highway 114 and situated on O’Connor Ridge. It is conveniently situated between Downtown Dallas and D/FW International Airport. Built in 1980 and renovated in 2007 this 126,790 square foot Class “B+” asset consists of four stories with approximately thirty suites. The asset is offered on a Best Offer Basis with the Assumption of a 4 Percent Life Insurance Company Loan with a loan balance of approximately $6,480,149 and Maturity Date in September-2030. The loan has a pre-payment option in August 2025 of 5 per cent (and decreasing every year by 1 percent.) The subject property is within a 10-minute drive of DFW International Airport and downtown Irving, ensuring easy access to all of the amenities of the greater Irving area. The Irving submarket consists of high-quality office and retail surrounding the Irving North Tollway, which, in turn, is nestled between upscale single-family developments and near the Las Colinas Country Club opened in 1963. Strong demographics, serving a five-mile population of approximately 274,919 residents with a one-mile average household income exceeding $134,312. O’Connor Ridge Office is a great 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

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