972-672-8650
8445 Freeport Pky, Irving, TX for Sale
Office - FOR SALE
1/7
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8445 Freeport Pky
Irving, TX 75063


HIGHLIGHTS

  • IMMEDIATE UPSIDE - 32,000 SF AVAILABLE FOR LEASE UP.
  • OPPORTUNITY FOR AN OWNER OCCUPANT WITH SIGNAGE, NAMING AND BRANDING OPPORTUNITIES
  • IN-PLACE / ASSUMABLE FINANCING AT 4.17%.
  • VARIETY OF SPACE OPTIONS AND STRONG IN-PLACE CASH FLOW FROM ESTABLISHED TENANTS.
  • LONG RUN OPTIONALITY OF 3.5 ACRES WITH FREEWAY FRONTAGE AND ACCESSIBILITY.
  • DISCOUNT TO REPLACEMENT COST OF APPROXIMATELY $400/SF.

OVERVIEW

Attractive Assumable Debt - 4.17% Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire Parkway Tower (the “Property”), a privately owned and maintained office buildings in Las Colinas — Dallas/Fort Worth’s premier corporate destination. The Property offers 81,056 square feet of highly efficient, small tenant office space that is 62% leased to a diverse range of tenants. Strong in-place cash flow with a staggered rollover schedule allows for the next investor to continue common area improvements and push expiring rents to market rates at lease expiration. Parkway Tower is located between Interstate 635 and State Highway 114, within a five-minute drive to Dallas/Fort Worth International Airport and the vibrant, master-planned Cypress Waters Development. Proximity to the Las Colinas Urban Center and Toyota Music Factory make the building easily accessible to some of Dallas’ most sought-after amenities. Parkway Tower is offered with assumable debt at 4.17% fixed through June 2025, giving new ownership an opportunity to capture value in a rising interest rate environment. The current balance of the loan provides outstanding LTV at closing to further benefit value-add investors looking to execute a repositioning plan in one of Dallas’ most desirable office submarkets. Available at a sizeable discount to replacement cost and an attractively lowcost basis, future ownership can invest reasonable cosmetic capital to bring fresh vibrancy to propel market leasing momentum.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkway Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

430

LAND DETAILS

LAND ACRES

3.51 AC

LAND SF

152,896 SF

ZONING

FWY, Irving

APN/PARCEL ID

32096580070000000

ASK ABOUT THIS PROPERTY

Scot FarberYounger Partners Dallas, LLCMore Info
972-672-8650

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Scot FarberYounger Partners Dallas, LLCMore Info
972-672-8650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.