Contacts
Tom Strohbehn
Younger Partners
(214) 507-2355
Scot Farber
Younger Partners
(214) 294-4438
Property Details
- Property Type Office
- Date Updated Apr 26, 2024
- Website youngerpartners12521.sharplaunch.com
Chisholm Place (Property), a 65,000 square foot, four-story office building in
the thriving Richardson / Plano submarket. Chisholm Place offers an immediate
opportunity to increase revenue through leasing of available suites and mark-tomarket
renewals via staggered rollover, while enjoying in-place cash flow and annual
contractual rental rate increases.
At 67% 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 mixeduse
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.
Available at a sizable discount to replacement cost, the opportunity offers a competitive
basis that should allow an aggressive leasing strategy by new ownership.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- 67% leased to a diverse roster of tenants
- Remaining vacancy positioned for tenant demand
- In-place lease rates are below market
- Extensively renovated & updated
- Access to entertainment, dining and residential
- Corporate hub - 3 Fortune 10 company HQ's
Getting around
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
Location
- City Plano, Texas
- Neighborhood Chisholm Place
- Zip Code 75075
- Market Dallas Fort Worth
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.