Skip to main content

Office Warehouse

Eastside Business Park

4343 Sigma Rd, Farmers Branch, TX 75244

Listing Price: Request For Offer

Gross SF
66,385
Lot Size
5.31 acres
Year Built
1972
Rentable SF
66,385

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4343 Sigma Road in Dallas, Texas. The subject property consists of approximately 66,385 square feet of flex space and is situated on 5.31 acres of land. The asset features a clear height of 12’, four dock-high doors, and two grade level doors. Tenants are provided ample parking space, which includes an additional lot to the Northwest side of the building. With triple-net leases in place, the fully occupied property minimizes landlord responsibility and expenses. Since 2019, the subject property has seen a 44 percent increase in rents, and future lease renewals give investors an opportunity to increase income. Given its proximate access to major freeways, including the Dallas North Tollway and Interstate 635, the asset is strategically located within the Metropolitan/Addison Submarket. Located in the North Dallas area, Metropolitan/Addison is a relatively large submarket with 22.2 million square feet of industrial space. Unlike the overall Dallas-Fort Worth Market area, the submarket is largely made up of smaller properties built prior to 1980. About 55 percent of the industrial inventory is concentrated in properties up to 75,000 square feet. Thanks to its unique location, Metropolitan/Addison is a tough barrier to entry market, and the picture only improves when focusing on comparables to the subject property. At the conclusion of 2021, rent growth hit 9.2 percent as the vacancy rate dropped to 5.5 percent on comparable properties up to 75,000 square feet (CoStar). The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with an aggregate of more than 7.7 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.

Investment Highlights

  • 66,385 Square-Foot Industrial Office Warehouse Situated on 5.31 Acres
  • Features 12' Clear Heights, 4 Dock-High Doors, and 2 Grade Level Doors
  • Triple-Net Leases, Minimizing Landlord Responsibility and Expenses
  • Tough Barrier to Entry Market: 5.5% Overall Vacancy and 9.2% Annual Rent Growth on Comparables (CoStar)
  • Subject Property has Seen 44% Rent Growth Since 2019, with Opportunity to Increase Income with Future Lease Renewals
  • Ample Tenant Parking Space with Additional Lot to Northwest Side of the Building
  • Strategically Located Industrial Warehouse with Proximate Access to Major Freeways

Exclusively Listed By

Office Warehouse

Eastside Business Park

Listing Price: Request For Offer

Gross SF
66,385
Lot Size
5.31 acres
Year Built
1972
Rentable SF
66,385

Investment Highlights

  • 66,385 Square-Foot Industrial Office Warehouse Situated on 5.31 Acres
  • Features 12' Clear Heights, 4 Dock-High Doors, and 2 Grade Level Doors
  • Triple-Net Leases, Minimizing Landlord Responsibility and Expenses
  • Tough Barrier to Entry Market: 5.5% Overall Vacancy and 9.2% Annual Rent Growth on Comparables (CoStar)
  • Subject Property has Seen 44% Rent Growth Since 2019, with Opportunity to Increase Income with Future Lease Renewals
  • Ample Tenant Parking Space with Additional Lot to Northwest Side of the Building
  • Strategically Located Industrial Warehouse with Proximate Access to Major Freeways

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4343 Sigma Road in Dallas, Texas. The subject property consists of approximately 66,385 square feet of flex space and is situated on 5.31 acres of land. The asset features a clear height of 12’, four dock-high doors, and two grade level doors. Tenants are provided ample parking space, which includes an additional lot to the Northwest side of the building. With triple-net leases in place, the fully occupied property minimizes landlord responsibility and expenses. Since 2019, the subject property has seen a 44 percent increase in rents, and future lease renewals give investors an opportunity to increase income. Given its proximate access to major freeways, including the Dallas North Tollway and Interstate 635, the asset is strategically located within the Metropolitan/Addison Submarket. Located in the North Dallas area, Metropolitan/Addison is a relatively large submarket with 22.2 million square feet of industrial space. Unlike the overall Dallas-Fort Worth Market area, the submarket is largely made up of smaller properties built prior to 1980. About 55 percent of the industrial inventory is concentrated in properties up to 75,000 square feet. Thanks to its unique location, Metropolitan/Addison is a tough barrier to entry market, and the picture only improves when focusing on comparables to the subject property. At the conclusion of 2021, rent growth hit 9.2 percent as the vacancy rate dropped to 5.5 percent on comparable properties up to 75,000 square feet (CoStar). The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with an aggregate of more than 7.7 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower