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1410 E Renner Rd
Richardson, TX 75082 ·

117,339 SF · Office For Sale

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1410 Renner

Price N/A Property Use Type Investment
Building Size 117,339 SF Occupancy 72%
Property Type Office Tenancy Multiple
Property Sub-type Office Building Lot Size 7 AC
Listing ID: 15532446 Date Created: 01/25/2008 Last Updated: 04/28/2008

Description

1410 East Renner Road (the Property ) is a Class B, 117,339 square foot building positioned approximately one mile south of the George Bush Turnpike (Hwy 190) and the North Central Expressway (US-75) intersection. The Property is leased to two investment-grade tenants, AT&T Services, Inc. through August 2010 and Stewart Title through December 2016, creating a stable and predictable cash flow base. This stability insulates the asset from near-term market fluctuations and provides investors the opportunity to manage quality tenancy with strong rental rates over a favorable lease term. 1410 East Renner Road presents an exceptional acquisition with investment-grade tenancy, stability and upside potential within the desirable, core neighborhood of the Richardson Telecom Corridor.

1410 East Renner Road' s location one mile east of the Telecom Corridor is its most advantageous feature. This area is a worldwide recognized leader in IT, telecom and venture capital investments, which also possesses a large concentration of high-profile global corporations, exclusive residential neighborhoods, abundant retail, quality hotels and tremendous infrastructure. Over the past two years, this submarket has leased more office space than at any other time since 2000, predominately due to leasing activity from small and midsize non-telecom companies. These fundamentals should benefit the presently 72% occupied building by providing significant upside through immediate lease-up of available space.

Research

1410 E Renner Rd, Richardson, TX 75082 (Collin County)

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