This Office Property is Off-Market.

4909 Cockrell Hill Road
Dallas, TX 75236 ·

12,500 SF · Office For Sale

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Mint Hill Plaza

Price N/A No. Stories 1
Building Size 12,500 SF Building Class B
Property Type Office Tenancy Single
Property Sub-type Office Building Year Built 1985
Property Use Type Investment Lot Size 34,500 SF
Cap Rate 10.20% Parking Ratio 4 / 1,000 SF
Occupancy 100%
Listing ID: 14115949 Date Created: 02/03/2005 Last Updated: 05/23/2005

Description

Mint Hill Plaza, built in 1985, is a single tenant office building totaling 12,500 square feet. The building?s location, on Cockrell Hill Road, allows it to cater to the lead tenant, the Dallas County Probation Office that has recently renewed a five-year lease effective January 1, 2005. Mint Hill Plaza is a perfect place for this tenant because of the location regulations required for a probation office. A probation office cannot be located within 1,000 feet of a school, a residence, or a church and must be located on a major thoroughfare for public transportation. Mint Hill Plaza provides all of these specifications. Its location, a mixed-use district, is purely commercial; therefore no schools, residences or churches are located near the building. Also, its 4:1,000 parking ratio provides adequate space for Dallas County Probation Office?s needs. Mint Hill Plaza has a brick exterior and a built up flat roof. The brick exterior provides an attractive look and the property stands out among the other buildings in the area. The current ownership has recently made over $5,000 of roof repairs and over $3,000 in parking repairs. The interior has new paint and carpet.

Mint Hill Plaza is located close to Dallas Executive Airport and has easy access to both IH-20 and IH-30.

Highlights

  • Very Low Management/Maintenance
  • New 5 Year Lease Term
  • Dallas County Credit - AAA Bond Rated
  • Excellent Condition/No Immediate Repairs Required

Research

4909 Cockrell Hill Road, Dallas, TX 75236 (Dallas County)

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