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Browse More Listings in Office For Sale, Dallas, TX or Texas

Office Property For Sale

Northway Office Plaza

4901 LBJ Fwy, Dallas, TX 75244

Price:
$3,900,000
Building Size:
41,941 SF
Price/SF:
$92.99
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Vacant/Owner-User
Cap Rate:
10%
Occupancy:
0%
Building Class:
B
Year Built:
1981
Lot Size:
1.53 AC
Find Out More...

Last Verified 11/3/2009 Listing ID 16230116

Description

Currently leased to four tenants, over 77% of the rentable space at 4901 LBJ is leased (on a Triple Net basis) to GE Healthcare. While not currently occupying space in the building, GE Healthcare secures the in place income and provides potential investors and/or user-buyers with an initial 11.3% Cap Rate.

Prominently located at the intersection of the Dallas North Tollway and Interstate Highway 635, the Property consists of a four-story, Class B office building with almost 42,000 square feet of high profile office space. With more than 250,000 cars passing the Property on a daily basis, 4901 LBJ is highly accessible and incredibly visible. Surrounded by the regions most prestigious retail and office developments, 4901 LBJ is an outstanding value-add investment opportunity with substantial upside potential as lease rates have exceeded $25 per square foot in the surrounding Class A buildings.

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Tom Strohbehn (972) 450-3217

Scot Farber (972) 450-3251

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Created 5/8/2009

Additional Information for 4901 Lyndon B Johnson Freeway, Dallas, TX 75244

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - Northway Office Plaza

4901 LBJ Fwy, Dallas, TX, 75244