1220 N Alma Rd
Allen, TX 75013
Office Property For Sale

The highly visible Property is situated in a rapidly improving area and is being offered at below replacement cost. This rare opportunity offers an investor the security of an attractive and good-quality structure and established cash-flow. This is also an ideal user asset with an opportunity to restructure tenants at this prime location. Dallas’ northern suburbs have seen massive expansion over the past decade leading to a dense and wealthy population in Allen. The area has developed as a major employment center. Average household incomes are higher at Alma and Exchange than at Preston and Royal near the city core. Toyota has chosen the area for its new North American Headquarters, relocating about 4,000 jobs from California, Kentucky and New York to a $300 million campus at the 240-acre Legacy West development. There is also the massive $1.5 billion CityLine project anchored by State Farm Insurance’s new regional hub and soon-to-be developed Raytheon corporate campus, which will employ over 18,000 people.