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Walnut Hill Tech Center 1320 W Walnut Hill Ln 19,952 SF 92% Leased Office Building Irving, TX 75038 $3,500,000 ($175.42/SF) 6.90% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Ideal for: Owner-users seeking partial occupancy with income-producing tenants or investors seeking upside potential
  • Strategic Access: Near Highways 114, George Bush Turnpike, and I-635
  • Monument and building signage on Walnut Hill Ln
  • Surrounding Amenities: Close to Irving Convention Center, Las Colinas, and numerous dining/retail options
  • Proximity to Airports: Minutes from DFW International and Dallas Love Field
  • Nearby Medical Facilities: UT Southwestern Medical Center Las Colinas, Baylor Scott & White Medical Center – Irving, MacArthur Medical Center

EXECUTIVE SUMMARY

Prime location - close to Highway 114 and MacArthur Boulevard, Irving, TX.
2.3 acres of land.
19,952 SF building which is 54% occupied.
Small physical therapy pool
New roof
New flooring

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
19,952 SF
Building Class
B
Year Built/Renovated
1979/1995
Price
$3,500,000
Price Per SF
$175.42
Cap Rate
6.90%
NOI
$241,500
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,952 SF
Building FAR
0.20
Lot Size
2.30 AC
Zoning
PUD FWY, Irving - Commercial Zone
Parking
120 Spaces (6 Spaces per 1,000 SF Leased)

AMENITIES

  • Fitness Center
  • Accent Lighting
  • Reception
  • Central Heating
  • High Ceilings
  • Natural Light
  • Hardwood Floors
  • Monument Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 973-1,500 SF
  • Office/Medical
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 973-1,500 SF Office/Medical Full Build-Out Now

1st Floor

Size
973-1,500 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Floor

Size 973-1,500 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32258380000010000
Land Assessment
$1,299,680
Improvements Assessment
$596,320
Total Assessment
$1,896,000
  • Listing ID: 33586511

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 1320 W Walnut Hill Ln, Irving, TX 75038

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