Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key Facts

Year Built 1987
Building Area

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire Stoneridge Business Park (the “Property” or “Park”), a 171,025 square foot light industrial park located in Dallas-Fort Worth within the high-performing South Dallas industrial submarket. Positioned on 8.4 acres, the Park is comprised of three institutional-quality light industrial facilities with an average office finish of 58%. Over the last 18 months, the Property has achieved excellent absorption and rental rate growth, partly due to the continued improvement of the South Dallas industrial submarket as a whole, and partly due to a very well executed spec suite program by the current owner within Building 1 of the Park. Drafting off this momentum, the Property is poised to continue to perform and offers very compelling value-add upside in the near-term.

Investment Highlights

  • INSTITUTIONAL-QUALITY ASSET AT A SIGNIFICANT DISCOUNT TO REPLACEMENT COST
  • VALUE CREATION OPPORTUNITY THROUGH LEASE UP
  • MARK-TO-MARKET OPPORTUNITY
  • STRATEGICALLY POSITIONED WITH EXCELLENT ACCESS
  • PRIME LOCATION WITHIN THE HIGH-PERFORMING SOUTH DALLAS INDUSTRIAL SUBMARKET

Portfolio Summary

  • RENTABLE SQUARE FOOTAGE: 171,025 SF
  • OCCUPANCY: 82.8%
  • OFFICE FINISH: 58%
  • CLEAR HEIGHT: 18’ – 20’
  • WALT: 3.6 Years
  • YEAR BUILT: 1987
  • PARKING RATIO: 3.3 / 1,000 SF


Last Updated Date: 01 Mar 2021
Stephen Bailey
Stephen Bailey
Senior Director, Capital Markets
License details
TX-648685
Dustin Volz
Dustin Volz
Managing Director, Capital Markets

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Last Updated Date: 01 Mar 2021

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