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Office

8600 Freeport Pkwy Office

8600 Freeport Pkwy, Irving, TX 75063

Listing Price: $5,400,000

Cap Rate
3.68%
Gross SF
60,634
Rentable SF
60,634
Price/Gross SF
$89.06
Lot Size
3.34 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to offer for sale 8600 Freeport Parkway Office, a beautiful high-quality office building, constructed in 1982 and renovated in 2022. The class B property contains approximately 60,634 leasable square feet and is located in the DFW Freeport submarket, minutes from the Dallas-Fort Worth International Airport.

This prominent office building presents a rare chance to acquire a strategically positioned asset near the Las Colinas submarket, a desirable area with plenty of amenities and attractions such as the Irving Convention Center, Toyota Music Factory, and the Las Colinas Country Club. The property’s location is in an attractive submarket for out-of-state companies relocating to the North Texas area. With the property being approximately 59% occupied, an owner/user can occupy the remaining square footage while taking advantage of the property’s current cash flow.

Benefiting from a strategic location, 8600 Freeport Pky Office enjoys easy access, conveniently situated less than a mile from the West John Carpenter Freeway and approximately one mile from the Lyndon B Johnson Freeway. Bolstered by robust demographics, the property serves a five-mile population of approximately 162,923 residents, with an average household income exceeding $182,653 within a one-mile radius.

Investment Highlights

  • Excellent Owner/User Opportunity
  • Priced Substantially Below Replacement Cost
  • Value-Add Investment Opportunity with Upside Through Leasing the Vacant Space
  • Proximity to Dallas-Fort Worth International Airport, Hwy 114, and I-635E
  • Positioned Near the Las Colinas Submarket that Serves as the Global Headquarters for Numerous Fortune 500 & 1000 Firms
  • High Average Household Income of $182,653 Within One Mile

Exclusively Listed By

Financing By

Office

8600 Freeport Pkwy Office

Listing Price: $5,400,000

Cap Rate
3.68%
Gross SF
60,634
Rentable SF
60,634
Price/Gross SF
$89.06
Lot Size
3.34 acres
Year Built
1982

Investment Highlights

  • Excellent Owner/User Opportunity
  • Priced Substantially Below Replacement Cost
  • Value-Add Investment Opportunity with Upside Through Leasing the Vacant Space
  • Proximity to Dallas-Fort Worth International Airport, Hwy 114, and I-635E
  • Positioned Near the Las Colinas Submarket that Serves as the Global Headquarters for Numerous Fortune 500 & 1000 Firms
  • High Average Household Income of $182,653 Within One Mile

Investment Overview

Marcus & Millichap is pleased to offer for sale 8600 Freeport Parkway Office, a beautiful high-quality office building, constructed in 1982 and renovated in 2022. The class B property contains approximately 60,634 leasable square feet and is located in the DFW Freeport submarket, minutes from the Dallas-Fort Worth International Airport. This prominent office building presents a rare chance to acquire a strategically positioned asset near the Las Colinas submarket, a desirable area with plenty of amenities and attractions such as the Irving Convention Center, Toyota Music Factory, and the Las Colinas Country Club. The property’s location is in an attractive submarket for out-of-state companies relocating to the North Texas area. With the property being approximately 59% occupied, an owner/user can occupy the remaining square footage while taking advantage of the property’s current cash flow. Benefiting from a strategic location, 8600 Freeport Pky Office enjoys easy access, conveniently situated less than a mile from the West John Carpenter Freeway and approximately one mile from the Lyndon B Johnson Freeway. Bolstered by robust demographics, the property serves a five-mile population of approximately 162,923 residents, with an average household income exceeding $182,653 within a one-mile radius.

Exclusively Listed By

Financing By

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