Contacts

Michael Carmichael

Avison Young

(972) 421-3306

Property Details

Property Type Office - General Office
Property Size 61,356 SF
Lot Size 3.14 Acre
Parking Ratio 4.00 / 1,000 SF
Building Class B
Year Built 1985
Year Renovated 2017
Date Updated Apr 22, 2024

The property is ideally located on the N. Dallas Parkway, just north of Westgrove, and backs up against the prestigious neighborhoods of Bent Tree and Preston Trails.16980 N. Dallas Parkway offers an investor a stabilized occupancy of 93.4% consisting of five strong credit tenants with no lease expirations until 2026. The property has been 35% occupied since 2009 by the Seller’s corporate HQ, which can be retained as a tenant via a newly negotiated lease with the purchaser of the asset. The on-site ownership has provided for personal, hands-on maintenance of the asset and strong relationships with the building tenants evidenced by the stability and longevity of their occupancy. Four of the five tenants, including the owner, have been in place in excess of 10 years. The quality and size of the asset, along with the small number of tenants averaging just over 11,000 rsf, allows an investor to easily selfmanage the asset and maintain the family atmosphere developed by the Seller.

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Highlights

61,356 RSF 2-story office plus vacant land parcel w/ Tollway frontage
94% leased - stabilized thru Q1-2026
Owner occupies 21,623 RSF - will sign new leas for investor or vacate for user
Abundant surface parking and reserved underground parking
N Dallas Pky frontage and eastern access to Knoll Trail Drive
Built in 1985 and renovated in 2015/2017
2 minutes to President George Bush Turnpike
13 miles from Love Field Airport

Getting around

26/100
Walk Score ®
32/100
Transit Score ®
43/100
Bike Score ®

Powered by Walk Score ®

City Dallas, TX
Neighborhood Bent Tree Village
Zip Code 75248
Market Dallas Fort Worth

Points of Interest

Downtown Carrollton

5.04 miles
Farmers Branch

5.65 miles
Spring Valley

5.80 miles
Trinity Mills

5.80 miles
LBJ/Central

6.01 miles
Arapaho Center

6.11 miles
Forest Lane

6.12 miles
North Carrollton/Frankford

6.48 miles
Galatyn Park

6.72 miles
Royal Lane

6.76 miles

Valero

0.76 miles
RaceTrac

0.78 miles
RaceTrac

1.02 miles
7-Eleven

1.28 miles
Texaco

1.32 miles
7-Eleven

1.36 miles
Texaco

1.40 miles
7-Eleven

1.59 miles
Kroger Fuel Station

1.70 miles
eVgo

1.74 miles

Marriott Parking Garage

1.97 miles
Orange Garage

3.25 miles
Yellow Garage

3.54 miles
Blue Garage

3.56 miles
Lot V

4.02 miles
Lot T Overflow

4.21 miles
Residence Lot Northwest

4.22 miles
Parking Structure 4

4.29 miles
Lot I

4.31 miles
Lot H

4.32 miles

Staybridge Suites

0.86 miles
Staybridge Suites

0.89 miles
InTown Suites

0.92 miles
Radisson Hotel Dallas North-Addison

1.43 miles
SpringHill Suites Dallas Addison/Quorum Drive

1.52 miles
Hyatt house Dallas/Addison

1.52 miles
MainStay Suites

1.55 miles
Renaissance Dallas Addison Hotel

1.56 miles
Courtyard Dallas Addison/Quorum Drive

1.60 miles
Quality Suites Addison-Dallas

1.65 miles

Albertsons

1.42 miles
Walmart Supercenter

1.51 miles
Kroger Marketplace

1.52 miles
Kroger

1.76 miles
Whole Foods Market

1.80 miles
ALDI

2.00 miles
Walmart Supercenter

2.16 miles
Safeway

2.20 miles
Tom Thumb

2.39 miles
Trader Joe's

2.41 miles

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.