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2900 Lake Vista Dr
Lewisville, TX 75067
Lakeside II · Office Property For Sale
Investment Highlights
- Trophy Class A office building featuring premium lakefront exposure, built in 2015.
- Central DFW location, only a six-minute drive to DFW International Airport.
- Surrounded by abundant retail amenities including Costco, Dillard’s, Best Buy, and multiple dining options.
- Convenient access to major highways: HWY 121, I-35, and President George Bush Turnpike.
- Anchored by credit tenants including EverBank and Enovis with sizable commitments through 2035.
Executive Summary
Strong Tenant Roster & Stability | 100% Leased to Six Tenants on NNN Leases, Minimizing Landlord Responsibilities
Class A Office Asset | 80,964 SF Trophy Office Built in 2015 with Prominent Lake Frontage
Exceptional Accessibility | Convenient Access to HWY 121 (Sam Rayburn Tollway), I-35 (Express Tollway), and President George Bush Turnpike, Which Together See Over 380,000 Vehicles Per Day
Central DFW Location | Only 6 Minutes to DFW International Airport and Less Than 30 Minutes to Both Downtown Dallas and Downtown Fort Worth
Future Rent Growth | Market Rents Projected to Grow at a 2.8% Annualized Rate Over the Next Five Years, Representing a 14.9% Total Increase
Attractive Basis | Opportunity to Acquire the Property at a Significant Discount to Replacement Cost
Average Household Income of $143,230 Within a 1-Mile Radius — More Than 2X the U.S. Average
Competitive Rental Rates | Current Average Rent of $19.41/SF, Easily Replaceable in the Submarket
Credit Tenancy Anchors | Major Tenants Include TIAA/ EverBank’s Corporate Hub and Enovis (46,000 SF), Which Employs Over 7,300 People Globally
Abundant Retail & Amenities | Close Proximity to Numerous National Retailers Including Costco, Chickfil- A, Dillard’s (Vista Mall), Best Buy, Chipotle, Market Street, Hobby Lobby, Panera Bread, and More, Creating Exceptional Convenience for Tenants
Class A Office Asset | 80,964 SF Trophy Office Built in 2015 with Prominent Lake Frontage
Exceptional Accessibility | Convenient Access to HWY 121 (Sam Rayburn Tollway), I-35 (Express Tollway), and President George Bush Turnpike, Which Together See Over 380,000 Vehicles Per Day
Central DFW Location | Only 6 Minutes to DFW International Airport and Less Than 30 Minutes to Both Downtown Dallas and Downtown Fort Worth
Future Rent Growth | Market Rents Projected to Grow at a 2.8% Annualized Rate Over the Next Five Years, Representing a 14.9% Total Increase
Attractive Basis | Opportunity to Acquire the Property at a Significant Discount to Replacement Cost
Average Household Income of $143,230 Within a 1-Mile Radius — More Than 2X the U.S. Average
Competitive Rental Rates | Current Average Rent of $19.41/SF, Easily Replaceable in the Submarket
Credit Tenancy Anchors | Major Tenants Include TIAA/ EverBank’s Corporate Hub and Enovis (46,000 SF), Which Employs Over 7,300 People Globally
Abundant Retail & Amenities | Close Proximity to Numerous National Retailers Including Costco, Chickfil- A, Dillard’s (Vista Mall), Best Buy, Chipotle, Market Street, Hobby Lobby, Panera Bread, and More, Creating Exceptional Convenience for Tenants
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
80,964 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2015/2020
NOI
$1,577,683
Percent Leased
96%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
40,482 SF
Slab To Slab
12’
Building FAR
0.23
Lot Size
8.23 AC
Zoning
C-2 - Commercial
Parking
550 Spaces (6.79 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Pond
- Signage
- Waterfront
- Energy Star Labeled
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $15,736,101 | |
| Land Assessment | $3,587,863 | Total Assessment | $19,323,964 |
Property Taxes
Parcel Numbers
Land Assessment
$3,587,863
Improvements Assessment
$15,736,101
Total Assessment
$19,323,964
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