Overview

Description

Colliers International has been exclusively retained to offer qualified investors the opportunity to purchase a beautiful multi-tenant office building located on 1101 E Arapaho Road in Richardson, Texas. Corporate Place was built in 1979 and is in impeccable physical condition and showcases incredible value-add opportunity for potential investors and or owner/user. The building measures 98,180 square feet and sits on a 5.92-acre lot offering an abundant amount of parking at 4.52/1,000 S.F and prominent building signage.

Corporate Place is located on the corner of Arapaho and Glenville presenting excellent visibility from both and offering a traffic count exceeding 30,416 vehicles per day. This building offers convenient access to a few of the most heavily traversed highway systems in DFW: LBJ, Central Expressway and President George Bush Turnpike, allowing easy transportation. The surrounding area has a dense population corridor with more than 394,600 people in a 5-mile radius and has experienced many new developments including State Farm’s new 2 million square foot regional campus as well as Raytheon’s new corporate facility.

Highlights

• Value Add Opportunity with Great Cash Flow and Considerable Upside Potential
• Excellent Visibility and Exposure on a Hard Intersection
• Rents Substantially Below Market (20% Below Market – 2 Mile Radius)
• Great Location Near Major Freeways 75, 635 & George Bush Tollway
• Priced Significantly Below Replacement Cost

Documents

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