Office Warehouse

320-322 International Pky

Listing Price: $620,000

Cap Rate
7.21%
Gross SF
10,000
Price/Gross SF
$62.00
Lot Size
0.98 acres
Year Built
1979
Rentable SF
10,000

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 320-322 International Parkway in Arlington, Texas. Located in the Lower Great Southwest Industrial district, this 10,000-square foot, multi-tenant industrial building is 100% leased with two tenants occupying separate 5,000-square foot units. Built in 1979, the flex office/industrial property is situated on a .98 acre lot with two dock-high doors, one drive-in door, and 15'-16' clear height. The subject property is located within close proximity to Interstate 30 and Highway 360 and is located just 1.4 miles away from Six Flags, the world's largest regional theme park company. With below market rent ($6.18 per square foot) and a sub-market occupancy rate of over 95%, the asset will provide upside in two ways: increasing tenant rents to market rate and the opportunity to convert current leases from modified gross to triple net.

Accel Logistics, Inc. is a licensed and bonded freight shipping and trucking company running their freight hauling business out of Arlington, TX. Since signing their first lease with the subject property in 2015, Accel Logistics has recently invested $45,000 in renovating the office space while they currently utilize the space as their Headquarters.

CDS Vending, Inc. serves businesses, institutions, and health organizations with vending and OCS services in the Dallas/Fort Worth Metroplex. The subject tenant is currently fulfilling their second year in a 5 year lease term. In addition, there are two options to extend the term for an additional term of thirty-six (36) months each.

With a population of more than 365,000 and spread across 100 square miles, Arlington is located precisely midway between Dallas and Fort Worth. In both population and area, it is the largest "mid" city in America. Strategically located within the center of the DFW Metroplex, Arlington is approximately 15 miles east of downtown Fort Worth, 20 miles west of downtown Dallas, and approximately eight miles from DFW International Airport, the fourth busiest airport in the world. Its prime location at the center of the Dallas/Fort Worth metroplex, pro-business environment, and extensive track record of handling large-scale developments makes Arlington an ideal place for business (arlingtontx.gov).

Investment Highlights

  • 10,000-Sq Ft Multi-Tenant Industrial/Office Flex Asset
  • Supreme Location in Sub-Market with 95%+ Occupancy
  • Below Market Rent: $6.18 per Foot | Market Rent: $9.02 per Foot (CoStar)
  • Tenant Recently Completed a $45,000 Renovation of their Office Space

Exclusively Listed By

Office Warehouse

320-322 International Pky

Listing Price: $620,000

Cap Rate
7.21%
Gross SF
10,000
Price/Gross SF
$62.00
Lot Size
0.98 acres
Year Built
1979
Rentable SF
10,000

Investment Highlights

  • 10,000-Sq Ft Multi-Tenant Industrial/Office Flex Asset
  • Supreme Location in Sub-Market with 95%+ Occupancy
  • Below Market Rent: $6.18 per Foot | Market Rent: $9.02 per Foot (CoStar)
  • Tenant Recently Completed a $45,000 Renovation of their Office Space

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 320-322 International Parkway in Arlington, Texas. Located in the Lower Great Southwest Industrial district, this 10,000-square foot, multi-tenant industrial building is 100% leased with two tenants occupying separate 5,000-square foot units. Built in 1979, the flex office/industrial property is situated on a .98 acre lot with two dock-high doors, one drive-in door, and 15'-16' clear height. The subject property is located within close proximity to Interstate 30 and Highway 360 and is located just 1.4 miles away from Six Flags, the world's largest regional theme park company. With below market rent ($6.18 per square foot) and a sub-market occupancy rate of over 95%, the asset will provide upside in two ways: increasing tenant rents to market rate and the opportunity to convert current leases from modified gross to triple net.

Accel Logistics, Inc. is a licensed and bonded freight shipping and trucking company running their freight hauling business out of Arlington, TX. Since signing their first lease with the subject property in 2015, Accel Logistics has recently invested $45,000 in renovating the office space while they currently utilize the space as their Headquarters.

CDS Vending, Inc. serves businesses, institutions, and health organizations with vending and OCS services in the Dallas/Fort Worth Metroplex. The subject tenant is currently fulfilling their second year in a 5 year lease term. In addition, there are two options to extend the term for an additional term of thirty-six (36) months each.

With a population of more than 365,000 and spread across 100 square miles, Arlington is located precisely midway between Dallas and Fort Worth. In both population and area, it is the largest "mid" city in America. Strategically located within the center of the DFW Metroplex, Arlington is approximately 15 miles east of downtown Fort Worth, 20 miles west of downtown Dallas, and approximately eight miles from DFW International Airport, the fourth busiest airport in the world. Its prime location at the center of the Dallas/Fort Worth metroplex, pro-business environment, and extensive track record of handling large-scale developments makes Arlington an ideal place for business (arlingtontx.gov).

Exclusively Listed By

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