Well-Located Dallas Office Asset Changes Hands

A private investor sold the 32,000-square-foot office building in Dallas to a limited liability company. Cody Payne and Wayne Bares of Marcus & Millichap represented the seller and secured the buyer.

By Razvan Cimpean

9319 Lyndon B. Johnson Freeway in Dallas
9319 Lyndon B. Johnson Freeway in Dallas

Marcus & Millichap negotiated the sale of 9319 Lyndon B. Johnson Freeway, a 32,154-square-foot office building in Dallas.

The property is situated on 1.6 acres next to multiple bus stations, restaurants and hotels, including Pollo Regio, Homewood Suites by Hilton and Extended Stay America. Completed in 1982, the two-story asset features 36 office suites, upgraded interior, landscaping and signage as well as more than 100 parking spaces.

Representing the seller, a private investor, Cody Payne and Wayne Bares, senior associates with Marcus & Millichap’s Fort Worth branch, had the exclusive listing to market the property. Payne and Bares also secured the buyer, a limited liability company. Earlier this year, Marcus & Millichap brokered the sale of a Waco hotel portfolio.

Image via Google Street View

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