Office Warehouse
809 Boaz Circle
809 Boaz Cir, Wylie, TX 75098
Listing Price: $1,761,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 809 Boaz Circle in an unincorporated area of Collin County adjacent to Wylie, Texas. The subject property consists of approximately 9,600 square feet of flex space and is situated on 3.16 acres of land. The multi-tenant asset features six suites, six grade-level doors, three-phase power, and a clear height of 12’ to 14’. Fully leased at below-market rents, the sale offers investors a value-add opportunity. With 1.7 acres of land situated in front of the building, investors also have the opportunity to develop the property. Strategically located within the Plano submarket, the property has frontage on Park Boulevard and quick access to South State Highway 78.
While Plano is often overlooked as an industrial hub in the Dallas-Fort Worth market, the submarket contains a sizeable 30.3 million square feet of industrial space. Home to many affluent suburbs, the Plano submarket maintains some of the highest rents in the metroplex, averaging over $14 per square foot during the third quarter of 2023. Compared to the average rental rate in DFW, tenants in Plano pay a 54 percent premium to landlords. Despite pricey rental rates, vacancy rates in the Plano submarket sat nearly 300 basis points lower than the overall market, at 4.6 percent in Q3 2023. Although market rent growth has declined since its peak of 11.2 percent in Q3 2022, growth remains strong at a rate of 8.1 percent in Q3 2023. With nearly 710,000 of industrial space currently under construction in Plano, the submarket looks to expand by about 2.3 percent in the coming years. However, approximately 88 percent of the new space being built is concentrated in properties over 50,000 square feet (CoStar). As a result, properties comparable to the subject asset will largely be unaffected by new supply for the foreseeable future.
The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with an aggregate of more than 7.7 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 919 thousand residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metro’s numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.
Investment Highlights
- Multi-Tenant 9,600-Square-Foot Flex Asset on 3.16 Total Acres
- Development Opportunity with Approximately 1.7 Acres
- Below Market Rents Offering Value-Add Opportunity in Submarket with 8.1% Rent Growth
- Frontage to Park Boulevard and Quick Access to State Highway 78
Exclusively Listed By
Financing By
Listing Price: $1,761,000
Investment Highlights
- Multi-Tenant 9,600-Square-Foot Flex Asset on 3.16 Total Acres
- Development Opportunity with Approximately 1.7 Acres
- Below Market Rents Offering Value-Add Opportunity in Submarket with 8.1% Rent Growth
- Frontage to Park Boulevard and Quick Access to State Highway 78
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 809 Boaz Circle in an unincorporated area of Collin County adjacent to Wylie, Texas. The subject property consists of approximately 9,600 square feet of flex space and is situated on 3.16 acres of land. The multi-tenant asset features six suites, six grade-level doors, three-phase power, and a clear height of 12’ to 14’. Fully leased at below-market rents, the sale offers investors a value-add opportunity. With 1.7 acres of land situated in front of the building, investors also have the opportunity to develop the property. Strategically located within the Plano submarket, the property has frontage on Park Boulevard and quick access to South State Highway 78. While Plano is often overlooked as an industrial hub in the Dallas-Fort Worth market, the submarket contains a sizeable 30.3 million square feet of industrial space. Home to many affluent suburbs, the Plano submarket maintains some of the highest rents in the metroplex, averaging over $14 per square foot during the third quarter of 2023. Compared to the average rental rate in DFW, tenants in Plano pay a 54 percent premium to landlords. Despite pricey rental rates, vacancy rates in the Plano submarket sat nearly 300 basis points lower than the overall market, at 4.6 percent in Q3 2023. Although market rent growth has declined since its peak of 11.2 percent in Q3 2022, growth remains strong at a rate of 8.1 percent in Q3 2023. With nearly 710,000 of industrial space currently under construction in Plano, the submarket looks to expand by about 2.3 percent in the coming years. However, approximately 88 percent of the new space being built is concentrated in properties over 50,000 square feet (CoStar). As a result, properties comparable to the subject asset will largely be unaffected by new supply for the foreseeable future. The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with an aggregate of more than 7.7 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 919 thousand residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metro’s numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.
Exclusively Listed By
Financing By

