Property Type: Office

Younger Partners, as exclusive advisor, is pleased 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 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.

Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire South Ridge, a recently developed, Class A mixed use complex prominently located in affluent Heath, TX. Located on the shores of Lake Ray Hubbard, Heath is a bedroom community to nearby Dallas (25 miles) that offers a pastoral setting and a sense of being removed from the bustle of city life. Comprised of three distinct buildings, the Property defines modern mixed-use. Offering medical office, traditional office, flexible office, retail, dining and entertainment space, the project is a destination in one of Texas’ most sought after residential communities.

At 51,075 square-feet, the three-building multi-tenant property is 100% leased and offers first-class amenities and an unparalleled experience to tenants and visitors. A dining destination, Standard Service anchors the Property and offers an outdoor entertainment venue that is unlike anything you have ever seen. With high barriers to entry, South Ridge is in a league all to itself. Established development restrictions are in place to protect the lifestyle that has made Heath one of the area’s most sought after communities. As a result, future owners should benefit from a limited supply of competing property.

Leased on a NNN basis, the Property’s retail and office space has an average lease rate of roughly $26/sf. The restaurant space is leased on a percentage basis and so as business thrives so does the Ownership! Forecast rental revenue for 2021 is projected at almost $1.55M.

Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire 2929 North Central Expressway, an 85,000 square foot, three-story office building in the thriving Richardson / Plano submarket. 2929 North Central Expressway offers an immediate opportunity to increase revenue through leasing of available suites and mark-to-market rental rate increases via staggered rollover, while enjoying in-place cash flow and annual contractual rental rate increases.

At 79% occupancy, the Property benefits from a diverse mix of tenant industries and steady returns as leases renew at rising market rental rates. Positioned to capture tenant demand from small and mid-size office users, the building offers modern upgrades with high-quality finishes, floor plates that allow flexible leasing configurations and easy access to outdoor spaces, parks, transportation, and new mixed-use developments.

The Richardson / Plano market has long been a desired location for tenants given its proximity to a premier workforce and residential neighborhoods, access to a strong amenity base and convenient location with immediate access to Dallas’ major thoroughfares.

Younger Partners is pleased to offer qualified investors the opportunity to purchase Brookhollow Riverside, a renovated mid-rise office asset located on high-profile State Highway 360. The prominent, eight-story office building offers established tenancy and income with stable returns to investors.

Younger Partners is pleased to offer qualified investors the opportunity to purchase Crosspoint Atrium, a renovated mid-rise office asset at the high-profile interchange of IH-635 (LBJ Freeway) and US-75 (Central Expressway). The prominent, eight-story office building offers an immediate opportunity to increase revenue through leasing of available suites and mark-to-market rental rate increases via staggered rollover. At 58% occupancy, Crosspoint Atrium benefits from a diverse mix of tenant industries and in-place cash flow. With in-place rents averaging 24% below market, the building presents a rare opportunity to acquire a recently renovated office building with current cash flow and mark-to-market rents on 27% rollover in the next 36 months.

Positioned to capture tenant demand as a result of increased rates in the lower segment of the Dallas North Tollway, neighboring Central Expressway and Richardson / Plano office markets, Crosspoint Atrium offers modern upgrades with high-quality finishes, floor plates that allow flexible leasing configurations and easy access to transportation. Additionally, the property’s central location presents unsurpassed accessibility and connectivity to the Dallas/Fort Worth Metroplex and the immediate neighborhoods which provide abundant executive and work force housing.

Current ownership has invested over $1.5 Million to modernize the building and add amenities that include conference center, tenant lounge, renovated lobby, atrium, and common areas. With over 11.5 million square feet of retail in a 3-mile radius, the Property’s location enables users to access an assortment of retail from the Galleria, Preston & Forest, and Preston & Royal intersections. Boasting 280,000 vehicles per day, the LBJ Freeway is the center thoroughfare of the Metroplex and provides easy access to Love Field, Addison Airport and DFW International Airport. The LBJ office market has long been a desired location for tenants given its position along the regions primary East-West throughfare. With the Dallas metropolitan area ranked #1 by Kastle Systems “Back to Work” metrics, Crosspoint Atrium is poised to outpace the competition!