Waters Ridge Tech Center

Younger Partners, as exclusive advisor, is pFully Leased to present Waters Ridge Tech Center at 1945 Lakepointe Drive in the thriving northern Dallas suburbs of Lewisville, TX. Located just North of DFW International Airport, the 100% occupied asset is a best-in-class, multi-tenant office / flex building with 136,000 square feet. Combining established income and an attractive basis, potential Buyers should reap the benefits of secured cash flow that is backed by publicly traded tenancy in one of the region’s preferred office environments.

1945 Lakepointe is home to two tenants: Teladoc and Xerox. The buildings’ occupants are recognizable corporate operations with strong credit and WALT of over 7.5 years. The security of the in-place income should help investors hedge against inflationary pressures in the market today.

Occupying over 80% of the building follow a recent expansion, Teladoc has steadily grown in the building and is a prime candidate to take over the balance of the space in the long run. The opportunity to convert the building into a single-tenant, net Fully Leased asset would be a huge value lift for potential buyers as they consider various exit strategies.

Available as-is, the building was built in 1999 and offer timeless architecture and in demand space. Offering efficient shallow-bay floor plans, dock high loading availability, convenient in-and-out access, and attractive parking capabilities the building has appealing features in a post-pandemic world. Dedicated / controlled HVAC, direct accessibility, limited social interactions and lower operating costs are just a few of the benefits when compared with traditional mid and high rise office space.

Available at a staggering discount to replacement cost (est $275/sf), the building is located in a preferred submarkets for corporate tenancy given the surrounding demographics and proximity to workforce. Combining dense parking with adaptable floor plans, the buildings should allow a first time buyer to the market to enter DFW with scale or an existing owner in the area to diversify and strengthen an existing portfolio.

Sterling Tech Center

The Sterling Tech Center includes 3 buildings and is a total of 83,167 SF. All 3 buildings delivered in 1985 and sit on over 5 acres total. Each building is equipped with drive-in bays.

Metroplex Tech Center I – For Sale

Younger Partners has been exclusively retained to offer qualified buyers the opportunity to acquire Metroplex Tech Center I (Property). Comprised of more than 105,000 square feet of specialized Class A flex industrial space, the Property is benefitted by ample parking, versatile loading capabilities, timeless architectural styling and first class tenant finishes. 100% leased to five tenants, the Property has established revenues and an weighted average lease term of more than 7 years. Offering dock-high loading and efficient, shallow-bay layouts, the building has attracted a dynamic range of tenants that have made long term lease commitments. The Property’s revenue is secured by five notable tenants: Amusement Source International (Private), KabaFusion (Private), Dandy Dental (Private), McKesson (NYSE – MCK) and Deluxe Corporation (NYSE – DLX). In-place lease rates are roughly $14.20/sf NNN with an average remaining lease terms of more than 7 years. In-place base rental revenues are forecast at more than $1,500,000 annually with contractual rate increases over the remaining terms.

Fully leased at below market rates, the staggered expiration schedule will provide an outstanding mark-to-market opportunity in a time when in-fill flex industrial space is at a premium due to scarcity of options. Additionally, the quality of the improvements and the associated tenant investment should create a sticky environment at renewal.

Built in 1999, Metroplex Tech Center I is tilt-up construction with a classic brick facade giving the building a timeless look and feel. Offering a versatile design, the building has an adaptable floor plate to meet the needs of a variety of uses given the shallow bay depths. Complimenting the professional appearance, the building has dock-high loading capabilities at the rear of the complex that can accommodate shipping and receiving and other light industrial needs. Home to an assortment of specialized tenant uses, the building’s finishes include technical medical, pharmacy, dental lab, production / processing, showroom and more.

8111 Royal Ridge Parkway

62,950 square feet office/flex available
Furniture available
Monument and building signage available
Immediately west of Belt Line Road and close proximity to LBJ Freeway, SH-114, and DFW Airport
The surrounding area has a wealth of amenities with 118 restaurants, 72 hotels and 18 daycares all conveniently located within a 5-mile radius

8101 Royal Ridge Parkway

Total campus size: 90,433 RSF
Divisible office flex
Monument and building signage
Outdoor storage available up to 1 acre
Immediately west of Belt Line Road and close proximity to LBJ, 114 and DFW Airport
118 restaurants, 62 hotels and 18 daycares within a 5-mile radius

Westridge Center – 2020

Property located in Las Colinas submarket in the Dallas suburb of Irving with immediate access to Highway 114, President George Bush and DFW Airport, with close proximity to the DART (Dallas Area Rapid Transportation). Campus setting with office and flex space available. Total 92,382 RSF.

80.25± Gross Acres, Mesquite, TX

The property is located on the east side of Hwy. 352 at East Kearney St. in Mesquite, Dallas County, Texas.

With a population of more than 145,000, Mesquite is one of the largest cities in the Metroplex. Located just 14 miles east of the Dallas CBD, Mesquite delivers accessibility, a large workforce, and a diverse economic climate.

In addition to commercial activity, Mesquite also has a very strong industrial base. The Skyline Logistics Hub, one of Dallas County’s largest industrial parks, is home to more than 75 businesses including Union Pacific Railroad’s Intermodal and Rail Port Hub, Pepsi Bottling Group, United Parcel Service’s ground sorting center, IntegraColor, Fritz Industries, and Benjamin Moore Paint. The tract is adjacent to the Pep Boys Distribution Hub.

Metrocrest II Business Centre

11,230 SF Flex office space for lease located in Carrollton, TX. Space can be divided into 2 suites: 3,811 SF and 7,419 SF.

Westridge Center – 2010

37,559 Flex (65.4% Industrial/34.6% Office) property located in Las Colinas submarket in the Dallas suburb of Irving with immediate access to Highway 114, President George Bush Turnpike and DFW Airport, with close proximity to the DART (Dallas Area Rapid Transportation).

Wildlife 7

Wildlife 7 is a Class A Industrial Distribution space located in Grand Prairie, Texas. The building sits in the midst of an easily secured modern modern business park with ample parking.

Westridge Center – 2000

Property located in Las Colinas submarket in the Dallas suburb of Irving with immediate access to Highway 114, President George Bush and DFW Airport, with close proximity to the DART (Dallas Area Rapid Transportation). Campus setting with office and flex space available. Total 92,382 RSF.

Valwood 15

Prominent location with in Valwood Industrial Park,with full Valwood Parkway frontage.
Easy access to major thoroughfares via I-35,
George Bush Turnpike, and I-635

Addison Com Center

Built in 2000, Addison Com Center is located across the street from Addison Airport and is minutes from the Addison Conference & Theatre Centre and Belt Line Road which offers abundant restaurants, entertainment and shopping venues. Comprised of 96,463 square feet, the Addison Com Center sits on roughly 7.75 acres and offers grade-level loading to each suite, a 3 per 1,000 parking ratio, 18’ clear heights, heavy power, 100% HVAC and available fiber optic service. Demised for mid to large flex tenants, the building is unique amongst the assets in the Addison/Metropolitan industrial submarket. The majority of the office/flex space in the area was built in the mid 1980s and does not offer the functionality (clear height, parking, loading and layout) of Addison Com Center.
Addison Com 360 Video