Office
O'Connor Ridge Office
4545 Fuller Dr, Irving, TX 75038
Listing Price: Request For Offer
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.
O'Connor Ridge Office
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
Listing Price: Request For Offer
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
