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Office

Corporate Park Place

1333 Corporate Dr, Irving, TX 75038

Listing Price: $7,474,000

Cap Rate
7.95%
Rentable SF
113,429
Lot Size
6.08 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to offer for sale Corporate Park Place, a value-add high-quality office building built in 1980 with a healthy mix of tenants. The property is approximately 113,429 square feet and is located just off President George Bush Turnpike. The Class B multi-tenant building is situated on 6.08 acres of land and is minutes away from the Toyota Music Factory, an entertainment hub with an open-air pavilion for live music, plus restaurants and bars and a cinema.

Corporate Park Place has a convenient and accessible location, two miles from the DFW International Airport and 14 miles from downtown Dallas and 25 miles from downtown Fort Worth. Ample parking is included on the surface lot with an approximate 4 per 1,000 square foot parking ratio. The property is a well-maintained building. Given the strong demographic trends in the area with a five-mile population of 313,179 and a one-mile average household income exceeding $82,622, Corporate Park Place provides a very attractive investment opportunity.

Investment Highlights

  • Great for Owner/User or Investor
  • 7.95 Percent Cap Rate Based on Actual 70.98 Percent Occupancy
  • Long Term Covered Land Play At $28.22 Psf
  • Easy Access to State Highway 114 And President George Bush Turnpike
  • 54 Office Suites with Flexible Sizes and a Variety of Tenants
  • Easy Access to DFW International Airport
  • 54 Office Suites With Flexible Sizes And A Variety Of Tenants
  • 4 Trane roof-top units with Two 75-ton units, one 60-ton unit and one 50-ton unit. According to the serial numbers, these units were manufactured approximately 2000-to-2002-time frame.

Exclusively Listed By

Office

Corporate Park Place

Listing Price: $7,474,000

Cap Rate
7.95%
Rentable SF
113,429
Lot Size
6.08 acres
Year Built
1980

Investment Highlights

  • Great for Owner/User or Investor
  • 7.95 Percent Cap Rate Based on Actual 70.98 Percent Occupancy
  • Long Term Covered Land Play At $28.22 Psf
  • Easy Access to State Highway 114 And President George Bush Turnpike
  • 54 Office Suites with Flexible Sizes and a Variety of Tenants
  • Easy Access to DFW International Airport
  • 54 Office Suites With Flexible Sizes And A Variety Of Tenants
  • 4 Trane roof-top units with Two 75-ton units, one 60-ton unit and one 50-ton unit. According to the serial numbers, these units were manufactured approximately 2000-to-2002-time frame.

Investment Overview

Marcus & Millichap is pleased to offer for sale Corporate Park Place, a value-add high-quality office building built in 1980 with a healthy mix of tenants. The property is approximately 113,429 square feet and is located just off President George Bush Turnpike. The Class B multi-tenant building is situated on 6.08 acres of land and is minutes away from the Toyota Music Factory, an entertainment hub with an open-air pavilion for live music, plus restaurants and bars and a cinema. Corporate Park Place has a convenient and accessible location, two miles from the DFW International Airport and 14 miles from downtown Dallas and 25 miles from downtown Fort Worth. Ample parking is included on the surface lot with an approximate 4 per 1,000 square foot parking ratio. The property is a well-maintained building. Given the strong demographic trends in the area with a five-mile population of 313,179 and a one-mile average household income exceeding $82,622, Corporate Park Place provides a very attractive investment opportunity.

Exclusively Listed By

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