214-695-5341
4144 N Central Expy, Dallas, TX for Sale
Office - FOR SALE
1/16
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4144 N Central Expy
Dallas, TX 75204
Knox Henderson


HIGHLIGHTS

  • Opportunistic and Repositioning Opportunity
  • Substantially Below Replacement Cost
  • Strong Cash Flow with Current Occupancy
  • Underperforming Submarket in Occupancy and Rental Rate
  • Irreplaceable Uptown Dallas Location
  • Separate Covered Parking Garage On Site

OVERVIEW

Weitzman is pleased to exclusively offer to qualified investors the opportunity to purchase Uptown Tower, an institutional-quality opportunistic office building totaling approximately 253,991 square feet located on Central Expressway (US-75) in the strongest submarket in the Southern United States, Uptown Dallas. The submarket is benefiting from strong office tenant demand from corporate relocations and expansions from North Texas such as Bank of America at 250,000 square feet, and from around the nation such as Goldman Sachs in 800,000 square feet, among many more. Currently 54.2% occupied, Uptown Tower offers a unique opportunity in the proven Uptown submarket with in-place cash flow and upside via lease-up of vacancies and increased mark-to-market rental rates as leases roll, while benefitting from recent mechanical modernizations and capital expenditures, including a complete elevator modernization, and the creation of an interior oasis in the tower’s atrium. Uptown Tower offers exceptional accessibility at the southeast quadrant of Central Expressway and Fitzhugh Avenue.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Uptown Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

12

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

782

LAND DETAILS

LAND ACRES

2.98 AC

LAND SF

129,809 SF

ZONING

Office

APN/PARCEL ID

00000193551000000

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Creighton StarkWeitzmanMore Info
214-695-5341

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Creighton StarkWeitzmanMore Info
214-695-5341

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