Skip to main content

Office

Colinas Business Park

4320-4324 N Belt Line Rd, Irving, TX 75038

Listing Price: $3,650,000

Cap Rate
0.73%
Gross SF
64,688
Rentable SF
64,688
Price/Gross SF
$56.42
Lot Size
3.50 acres
Year Built
1980

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 4320-4324 N Belt Line Road, in Irving, Texas. The propertys major tenants include Cingl Telecom, Secure Patient Delivery of Texas, Maatic Inc and TruDecision Inc.

The subject business park was built in 1980 and has been well maintained by the seller for over the last 14 years. The current tenants have full service gross leases in place and the property is currently 26% occupied. Priced below replacement cost makes it an attractive investment for investors looking for a value-add opportunity.

The multi-tenant, office business park contains three buildings totaling 64,688-square foot of rentable area and is conveniently located less than one mile away from the President George Bush Turnpike, allowing for easy access to the property. The property is located on North Belt Line Road, across from Comerica Bank and next to Promotional Products Association International. The property benefits from strong demographics, serving a three-mile population of approximately 91,749 residents with a one-mile average household income exceeding $61,162.

Investment Highlights

  • Value-Add Opportunity
  • Upside Through Leasing Vacancy
  • 64,688-Square Foot, Multi-Tenant Office Building
  • Priced Below Replacement Cost at $56.42
  • Densely Populated Area with 216,530 Residents Within Five Miles

Exclusively Listed By

Listing Price: $3,650,000

Cap Rate
0.73%
Gross SF
64,688
Rentable SF
64,688
Price/Gross SF
$56.42
Lot Size
3.50 acres
Year Built
1980

Investment Highlights

  • Value-Add Opportunity
  • Upside Through Leasing Vacancy
  • 64,688-Square Foot, Multi-Tenant Office Building
  • Priced Below Replacement Cost at $56.42
  • Densely Populated Area with 216,530 Residents Within Five Miles

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 4320-4324 N Belt Line Road, in Irving, Texas. The propertys major tenants include Cingl Telecom, Secure Patient Delivery of Texas, Maatic Inc and TruDecision Inc.

The subject business park was built in 1980 and has been well maintained by the seller for over the last 14 years. The current tenants have full service gross leases in place and the property is currently 26% occupied. Priced below replacement cost makes it an attractive investment for investors looking for a value-add opportunity.

The multi-tenant, office business park contains three buildings totaling 64,688-square foot of rentable area and is conveniently located less than one mile away from the President George Bush Turnpike, allowing for easy access to the property. The property is located on North Belt Line Road, across from Comerica Bank and next to Promotional Products Association International. The property benefits from strong demographics, serving a three-mile population of approximately 91,749 residents with a one-mile average household income exceeding $61,162.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower