Property Details
- Property Type Industrial
- Property Size 106,073 SF
- Additional Rent Contact for pricing
- Date Updated Nov 2, 2024
- Website youngerpartners3135.sharplaunch.com
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.
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Highlights
- 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 in 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.
- 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 tenants uses, the building's finishes include technical medical, pharmacy, dental lab, production/processing, showroom and more.
Getting around
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Location
- City Carrollton, Texas
- Neighborhood Ridgeline Garden
- Zip Code 75006
In-Depth Research Available for this Property
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