Property Type: Office

Younger Partners, as exclusive advisor, is pFully Leased 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% Fully 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.

Fully 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 Fully 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 is pleased to offer qualified investors the opportunity to purchase Brookhollow Riverside (Property), 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 predictable returns to investors. Nearly stabilized, the building’s average in-place rents are roughly $22.30/sf which is almost 9% below the most recent leasing in the building and 16% below market. The building presents a rare opportunity to acquire a renovated office building with a combination of current cash flow and mark-to-market rents in the next 36 months.

Leased to a variety of tenants, the building benefits from a strong selection of noteworthy occupants. Almost 25% of the tenancy is backed by the United States Government (GSA) or the State of Texas. An additional 50% of the occupancy is made up of national credit tenants with long histories in the building. With no notable maturities until late in 2029, Brookhollow Riverside provides established, reliable cash flow to investors seeking current yield on their invested dollars.

The current ownership has made sizeable investments back into the building. The roof, HVAC and elevator systems have all been upgraded. Over the last few years, more than $325,000 has been poured back into the building. This should limit near term capital expense requirements for future owners.

With more than 136,000 vehicles passing the building daily, Brookhollow Riverside is a short distance from the Arlington Entertainment District (Six Flags, Hurricane Harbor, Texas Live, AT&T Stadium and Globe Life Field). The Arlington office market has long been one of the regions most consistent and resilient office leasing markets. With the Dallas metropolitan area ranked #1 by Kastle Systems “Back to Work” metrics, Brookhollow Riversiden is poised to continue performing!

Younger Partners is pFully Leased 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!