Contacts
Tom Strohbehn
Younger Partners
(214) 507-2355
Scot Farber
Younger Partners
(214) 294-4438
Property Details
- Property Type Office
- Date Updated Apr 24, 2024
- Website youngerpartners9154.sharplaunch.com
The established tenancy has roughly 3 years of WALT and provides income to offset the cost of ownership. Additionally, potential Buyers should be able to capitalize on new leasing and mark-to-market renewals in one of the region’s preferred office / flex environments that has transitioned to NNN leasing structures.
Available as-is, Royal Ridge Business Center was built in 1986 and offers a combination of dense office space and flexible warehouse configurations. The timeless architecture and heavy parking is complimented by dedicated/controlled HVAC, direct accessibility, limited common areas and lower operating costs when compared with traditional mid and high rise office space. The two buildings were built with 6.8/1,000 parking but 8111 Royal can offer over 8/1,000 given the allocation to the industrial tenancy at 8101 Royal.
The buildings are located with convenient accessibility to the amenity rich Belt Line Road corridor. The Property is located equidistant from Interstate 635 and State Highway 114 with a five-minute drive to Dallas/Fort Worth International Airport and the vibrant, master planned Cypress Waters Development. Proximity to the Las Colinas Urban Center and Toyota Music Factory make these buildings easily accessible to some of Dallas’ most sought-after amenities.
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Highlights
- Destination location
- Superior 1-3 Mile demographics
- DFW: top market for investment
- Economic diversification
- Fully amenitized environment
- Secure In-place occupancy
- Owner occupancy opportunity
- Form and function
Getting around
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Location
- City Irving, Texas
- Neighborhood Royal Regent Business Park
- Zip Code 75063
- Market Dallas Fort Worth
In-Depth Research Available for this Property
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