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1100-1101 Executive Dr W
Richardson, TX 75081
Office Property For Sale

INVESTMENT HIGHLIGHTS

  • 37,016 SF Office/Industrial Flex – Approximately 8,000 SF Warehouse with 14’ Ceiling and 1 Box-Truck Drive-In Door
  • “Semi” and “full sized” truck accessible.
  • Acquisition Cap Rate: 8.03%
  • Located just east of US-75 · Located in the Collins/Arapaho Transit-Oriented Development and Innovation District
  • 100% Sale/Leaseback
  • Year 1 Cash-on-Cash: 11.38%

PROPERTY FACTS

Property Type
Office
Building Size
37,016 SF
Building Class
B
Year Built/Renovated
1974/2016
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
37,016 SF
Building FAR
0.25
Lot Size
3.41 AC
Zoning
I-M (1)
Parking
104 Spaces (2.81 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Conferencing Facility
  • Signage
  • Air Conditioning

ABOUT 1100-1101 EXECUTIVE DR W , RICHARDSON, TX 75081

100% Sale Leaseback with Law firm and distribution services companies. This property offers a wide range of users the opportunity to purchase a well-positioned asset near US-75 with a newly renovated atrium and a mix of traditional office and warehouse spaces. The building is 37,016 sf and sits on 3.41 acres just east of US-75 on Executive Drive in Richardson, TX and the Collins/Arapaho Transit-Oriented Development and Innovation District. This is a City-initiated visioning effort for an approximate 1,200-acre area, generally bounded by Central Expressway (US 75), Campbell Road, Plano Road, and Apollo Road. Richardson, Texas is a vibrant and diversified business community, strategically located in one of the brightest economic regions in the world, the Dallas-Fort Worth Metroplex. Advantages of a Richardson location, include: highest concentration of technology workers in the greater Dallas area. 1.9 million total labor force within a 30- minute commute. Strategically located between major freeways for easy commuter access. Highly regarded K-12 educational systems with over 90% college-bound graduates. Four existing DART light rail stations (2 more rails underway) and public bus service. 800+ acres of parks and recreational facilities, golf courses and over 40 miles of hike & bike trails. Richardson is the second largest employment center in the Dallas/Ft. Worth metro area and includes a diverse range of businesses. Upon the sale, the current owner will enter a new 5-year, NNN lease agreement to lease back 100% of the building from the new owner.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
420519300201A0000
Land Assessment
$685,810
Improvements Assessment
$2,648,820
Total Assessment
$3,334,630
  • Listing ID: 17694111

  • Date on Market: 11/11/2019

  • Last Updated:

  • Address: 1100-1101 Executive Dr W, Richardson, TX 75081

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