1336 South Irving Heights Drive | Dallas MSA
1336 South Irving Heights Drive
Property Description
Price: $2,100,000
Price Per/SF: $95.45
Land Area: ±2.34 Acres (±101,886 SF)
Cap Rate: 7.98%
Gross Leasable Area: ±22,000 SF
Year Built: 1967
Investment Highlights
Attractive Real Estate Metrics – Low In-Place Rent of $7.32 PSF NNN and an Attractive Price Per Square Foot of $95.45
New 20-Year Roof Membrane Worth $127,000 Installed in 2021
Strategic Location – Centrally Located Within the Dallas/Fort Worth Metro (Over 1,000,000 People in a 10-Mile Radius)
Excellent Real Estate Fundamentals
- Strong Market Fundamentals – Located in a Dense, Infill Industrial Corridor Just West of Downtown Dallas With Over 210,000 Residents Within a 5-Mile RadiusValue
- Add Opportunity – Current Lease Is Significantly Below Market, With Rents at Just $7.32 PSF and No Renewal Options, Creating Upside Potential Upon Lease Expiration
- Exceptional Visibility & Access – Situated on Highway 12 With Traffic Counts Exceeding 132,000 Vehicles Per Day and Immediate Access to I-35E, I-635, Loop 12, and Highway 183
- Connectivity to Major Employment Hubs – The Site Provides Direct Access to Over 7 Million Residents and the Largest Employment Centers Across the DFW Metro Area
- Established Industrial Trade Zone – Surrounded by National Users Including United Rentals, Landmark Equipment, Estes Express Lines, Ahern Rentals, and Others, Reinforcing the Area’s Industrial Strength
- Nation-Leading Demographics – The Dallas/Fort Worth MSA Ranks Among the Top in the Nation for Population Growth, Adding 97,290 Residents From July 2020 to July 2025
Broker of Record: Tim Speck, License #: 9002994
Contact Information
James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
[email protected]
License: CA 02115272
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643