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Office

Office Industrial Place of Richardson

1101 E Arapaho Rd, Richardson, TX 75081

Listing Price: Request For Offer

Gross SF
98,180
Rentable SF
98,180
Lot Size
5.92 acres
Year Built
1979

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 1101 East Arapaho Road in Richardson, Texas. The property’s major tenants include L&S Plumbing Partners, Excel English, Minute Menu and PHA Consulting. The two-story courtyard office/industrial building was built in 1979 and has been well maintained. The property draws tenancy from the adjacent neighborhoods and other surrounding areas including Dallas, Plano and Richardson. Corporate Place of Richardson offers an outstanding acquisition opportunity in the thriving Dallas market. The building benefits from being in a desirable location and having superior rental rates that are prevalent throughout the areas office market. The property offers an economic alternative while affording tenants desirable accessibility. As demand and rental rates for office product begins to increase, the property's quality, flexibility, efficiency, location, and economics will continue to lure mid-size office tenants away from the areas more expensive alternatives. The asset has ample parking for both tenants and visitors, as well as a unique appearance with strong curb appeal. The multi-tenant, office/industrial building contains a total of 98,180 square feet of rentable area and is conveniently located less than one mile from the North Central Expressway, allowing for easy access to the property. The property is zoned industrial and according to the City of Richardson, it is possible to add a loading dock after the City approves the architectural design, https://www.dallascad.org/AcctDetailCom.aspx?ID=42051500050100100. Office Industrial Place of Richardson is located on the intersection of East Arapaho Road and North Glenville Drive. East Arapaho Road sees a high estimated annual average daily traffic count of 27,837 vehicles. The current tenant mix is comprised of construction companies, an educational service company and technical service companies, all having modified gross leases in place. The property benefits from strong demographics, serving a three-mile population of approximately 129,243 residents, with a three-mile average household income exceeding $96,584.

Investment Highlights

  • Best Offer
  • Great for Owner/User or Investor
  • Value-Add Opportunity
  • Upside Through Leasing Vacant Space
  • Industrial Zone
  • Great Parking Ratio of 4.52/1,000 to Provide for Large Tenants
  • Easy Access to Central Expressway
  • Densely Populated Area with 366,756 Residents Within Five Miles

Exclusively Listed By

Financing By

Office

Office Industrial Place of Richardson

Listing Price: Request For Offer

Gross SF
98,180
Rentable SF
98,180
Lot Size
5.92 acres
Year Built
1979

Investment Highlights

  • Best Offer
  • Great for Owner/User or Investor
  • Value-Add Opportunity
  • Upside Through Leasing Vacant Space
  • Industrial Zone
  • Great Parking Ratio of 4.52/1,000 to Provide for Large Tenants
  • Easy Access to Central Expressway
  • Densely Populated Area with 366,756 Residents Within Five Miles

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 1101 East Arapaho Road in Richardson, Texas. The property’s major tenants include L&S Plumbing Partners, Excel English, Minute Menu and PHA Consulting. The two-story courtyard office/industrial building was built in 1979 and has been well maintained. The property draws tenancy from the adjacent neighborhoods and other surrounding areas including Dallas, Plano and Richardson. Corporate Place of Richardson offers an outstanding acquisition opportunity in the thriving Dallas market. The building benefits from being in a desirable location and having superior rental rates that are prevalent throughout the areas office market. The property offers an economic alternative while affording tenants desirable accessibility. As demand and rental rates for office product begins to increase, the property's quality, flexibility, efficiency, location, and economics will continue to lure mid-size office tenants away from the areas more expensive alternatives. The asset has ample parking for both tenants and visitors, as well as a unique appearance with strong curb appeal. The multi-tenant, office/industrial building contains a total of 98,180 square feet of rentable area and is conveniently located less than one mile from the North Central Expressway, allowing for easy access to the property. The property is zoned industrial and according to the City of Richardson, it is possible to add a loading dock after the City approves the architectural design, https://www.dallascad.org/AcctDetailCom.aspx?ID=42051500050100100. Office Industrial Place of Richardson is located on the intersection of East Arapaho Road and North Glenville Drive. East Arapaho Road sees a high estimated annual average daily traffic count of 27,837 vehicles. The current tenant mix is comprised of construction companies, an educational service company and technical service companies, all having modified gross leases in place. The property benefits from strong demographics, serving a three-mile population of approximately 129,243 residents, with a three-mile average household income exceeding $96,584.

Exclusively Listed By

Financing By

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