3405 Wiley Post Rd
Carrollton, TX 75006
Midway Office Center · Flex Property For Sale

Marcus & Millichap is pleased to present the opportunity to acquire the Midway Office Center property in Carrollton, Texas located proximate to the corner of Wiley Post and Midway Road. The subject asset is an office/warehouse industrial property which consists of approximately 183,674 square feet and is situated on approximately 13.54 acres of land, walking distance to the Addison Airport. The subject property features a fully sprinkled 22' clear height warehouse. The subject property is 42% two-story office space and 58% warehouse space. Seller reports a new roof installed in 2012 with a 10-year warranty. The subject property has 6 acres of raw land available for development or outside storage for a single tenant. Based on conservative pro-forma rents, this property has an 10.20% Pro-Forma cap rate based on an average of $7.50/ft NNN rent. CoStar reports the average asking rent is $10.97/ft for comparable flex properties in the area, making this asset a great value-added play. Historically, the Midway Office Center warehouse was occupied by a company who recently declared Chapter 7. The current Seller has been attempting to lease out only the office portion over the last 6 months. Now with the warehouse vacant, this presents to be the ideal fit for many tenants or owner/users looking for an infill headquarter location with office and warehouse space.