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4315 S Lancaster Rd
Dallas, TX 75216
Office Property For Sale
Investment Highlights
- Fully renovated in 2021
- Across the street from Dallas VA Medical Center
- Located within the Five Mile Urban Greenbelt
- Located in Opportunity Zone
- Located at the VA Medical Center DART Station, part of the Dallas’ Light Rail System
- 71 adjacent garage parking spaces
Executive Summary
The property is located across from the Veteran Affairs hospital in South Dallas. Directly next door is a brand new mixed use development encompassing apartments and retail. Adjacent to DART Blue Line VA Medical Center Station. Building is at the intersection of South Lancaster and Ann Arbor Avenue.
The property is currently 69% leased to six tenants. All leases are Triple Net with the tenants covering all pro rata building expenses. The property fully renovated in 2021. The roof is TPO and was installed in 2020. The AC systems are Carrier RTU’s installed in 2020. New security and access control system were installed in 2025.
The property is currently 69% leased to six tenants. All leases are Triple Net with the tenants covering all pro rata building expenses. The property fully renovated in 2021. The roof is TPO and was installed in 2020. The AC systems are Carrier RTU’s installed in 2020. New security and access control system were installed in 2025.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
28,340 SF
Building Class
B
Year Built
2021
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
28,340 SF
Building FAR
0.41
Lot Size
1.60 AC
Opportunity Zone
Yes
Zoning
CR - CR Zoning
Parking
104 Spaces (3.89 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Commuter Rail
- Air Conditioning
Property Taxes
| Parcel Number | 004326000A0010000 | Improvements Assessment | $1,613,760 |
| Land Assessment | $336,240 | Total Assessment | $1,950,000 |
Property Taxes
Parcel Number
004326000A0010000
Land Assessment
$336,240
Improvements Assessment
$1,613,760
Total Assessment
$1,950,000
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