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Office

Woodland Heights

1721 E Southlake Blvd, Southlake, TX 76092

Listing Price: $3,000,000

Cap Rate
4.45%
Gross SF
13,637
Rentable SF
13,637
Price/Gross SF
$219.99
Lot Size
2.16 acres
Year Built
1985

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in Woodland Heights located at 1721, 1723, 1725 East Southlake Boulevard Southlake, TX. The property is currently occupied by multiple tenants including, but not limited to a commercial brokerage firm, law offices, accounting offices, insurance agency, psychology practices, jewelry appraisal services, Pilates, and construction and materials companies. The subject property was built in 1985 for the seller’s own use as they operated out of the Woodland Heights for a number of years. There have been multiple improvements to the office park over the years. The most recent including landscaping, interior lighting, interior updates, and front signage. The current tenants have gross leases in place and the property is 98 percent occupied while maintaining a long history of low vacancy rates. An investor coming in on this deal would look to add value through bringing rents up to market rate, leasing the last vacant space, and continuing to make improvements to the property to justify higher rental rates. The multi-tenant, office park contains three buildings for a total rentable 12,808 square-feet of rentable space. With the property having frontage on Southlake Boulevard and being located less than a mile from Southlake Town Square, Woodland Heights benefits from high foot and car traffic, easy access to and from Texas Highway 114 and minutes from DFW International Airport. The surrounding area presents strong demographics, serving a five-mile population of approximately 128,464 residents with a one-mile average household income exceeding $268,056.

Investment Highlights

  • Below-Market Rents
  • Upside Through Lease Adjustments
  • Southlake Boulevard Frontage
  • 13,637-Square-Foot, Multi-Tenant Office Building
  • Densely Populated Area with 128,464 Residents Within Five Miles
  • High One-Mile Average Household Income Exceeding $268,056

Exclusively Listed By

Financing By

Listing Price: $3,000,000

Cap Rate
4.45%
Gross SF
13,637
Rentable SF
13,637
Price/Gross SF
$219.99
Lot Size
2.16 acres
Year Built
1985

Investment Highlights

  • Below-Market Rents
  • Upside Through Lease Adjustments
  • Southlake Boulevard Frontage
  • 13,637-Square-Foot, Multi-Tenant Office Building
  • Densely Populated Area with 128,464 Residents Within Five Miles
  • High One-Mile Average Household Income Exceeding $268,056

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in Woodland Heights located at 1721, 1723, 1725 East Southlake Boulevard Southlake, TX. The property is currently occupied by multiple tenants including, but not limited to a commercial brokerage firm, law offices, accounting offices, insurance agency, psychology practices, jewelry appraisal services, Pilates, and construction and materials companies. The subject property was built in 1985 for the seller’s own use as they operated out of the Woodland Heights for a number of years. There have been multiple improvements to the office park over the years. The most recent including landscaping, interior lighting, interior updates, and front signage. The current tenants have gross leases in place and the property is 98 percent occupied while maintaining a long history of low vacancy rates. An investor coming in on this deal would look to add value through bringing rents up to market rate, leasing the last vacant space, and continuing to make improvements to the property to justify higher rental rates. The multi-tenant, office park contains three buildings for a total rentable 12,808 square-feet of rentable space. With the property having frontage on Southlake Boulevard and being located less than a mile from Southlake Town Square, Woodland Heights benefits from high foot and car traffic, easy access to and from Texas Highway 114 and minutes from DFW International Airport. The surrounding area presents strong demographics, serving a five-mile population of approximately 128,464 residents with a one-mile average household income exceeding $268,056.

Exclusively Listed By

Financing By

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