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Uptown Village 610 Uptown Blvd 74,534 SF 90% Leased 4-Star Office Building Cedar Hill, TX 75104 For Sale
Investment Highlights
- IMMEDIATE UPSIDE THROUGH SMALL TENANT LEASING OF THE EXISTING VACANCY.
- STRONG IN-PLACE CASH FLOW FROM DIVERSE ESTABLISHED TENANTS.
- EXTENSIVE RENOVATIONS. $3M INVESTED SINCE THE START OF 2014.
- DYNAMIC LOCATION AMONGST AND ARRAY OF RETAIL AND RESIDENTIAL DEVELOPMENTS.
- SHALLOW BAY DEPTHS THAT ARE IDEAL FOR SMALL TENANT SUITES.
- OUTSTANDING ACCESS TO AREA TRANSPORTATION NETWORKS VIA SH-67.
Executive Summary
Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire Uptown Village (the “Property”). The Class A, mixed-use development
seamlessly blends retail, medical, office and executive office spaces. Offering strong in-place cash flows that are secured by a diverse tenant mix, the Building
has further upside through leasing in a competitive market with limited supply. Originally built in 2009, the Property is the only Class A asset in the submarket.
Located in the master planned Hillside Village, the Property is surrounded by notable retail and multi-family developments and benefits from strong area demographics and market leading quality. Proximate to restaurants, shopping destinations and an abundance of affluent rooftops, Uptown Village is diversified mixed-use asset with significant in-place cash flow.
81% leased, the building offers sizeable in-place income and an appealing going in return. Home to a diverse mix of long term tenants, the building’s cash flows
are secured by a WALT of nearly 5-years and anchored by retail and medical tenants. The building’s vacancy is demised into small suites that are ideally suited to the
submarket. The remaining leasing feels like low hanging fruit for an engaged ownership and a direct path to increased returns.
Available at a fraction of replacement cost, Uptown Village represents a compelling opportunity to acquire a mixed-use asset with established income and
the upside of small tenant leasing in a thriving live-work-play environment.
seamlessly blends retail, medical, office and executive office spaces. Offering strong in-place cash flows that are secured by a diverse tenant mix, the Building
has further upside through leasing in a competitive market with limited supply. Originally built in 2009, the Property is the only Class A asset in the submarket.
Located in the master planned Hillside Village, the Property is surrounded by notable retail and multi-family developments and benefits from strong area demographics and market leading quality. Proximate to restaurants, shopping destinations and an abundance of affluent rooftops, Uptown Village is diversified mixed-use asset with significant in-place cash flow.
81% leased, the building offers sizeable in-place income and an appealing going in return. Home to a diverse mix of long term tenants, the building’s cash flows
are secured by a WALT of nearly 5-years and anchored by retail and medical tenants. The building’s vacancy is demised into small suites that are ideally suited to the
submarket. The remaining leasing feels like low hanging fruit for an engaged ownership and a direct path to increased returns.
Available at a fraction of replacement cost, Uptown Village represents a compelling opportunity to acquire a mixed-use asset with established income and
the upside of small tenant leasing in a thriving live-work-play environment.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
74,534 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2009
Percent Leased
90%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
18,634 SF
Slab To Slab
12’
Building FAR
0.46
Lot Size
3.74 AC
Zoning
Z137
Parking
299 Spaces (4.01 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 3rd Fl-Ste 3600
- 3,262 SF
- Office
- Spec Suite
- Now
- 3rd Fl-Ste 3900
- 1,383 SF
- Office
- Partial Build-Out
- Now
- 4th Fl-Ste 4400
- 801 SF
- Office
- Partial Build-Out
- Now
- 4th Fl-Ste 4600
- 1,836 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 3600 | 3,262 SF | Office | Spec Suite | Now |
| 3rd Fl-Ste 3900 | 1,383 SF | Office | Partial Build-Out | Now |
| 4th Fl-Ste 4400 | 801 SF | Office | Partial Build-Out | Now |
| 4th Fl-Ste 4600 | 1,836 SF | Office | Partial Build-Out | Now |
3rd Fl-Ste 3600
| Size |
| 3,262 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
3rd Fl-Ste 3900
| Size |
| 1,383 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Fl-Ste 4400
| Size |
| 801 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Fl-Ste 4600
| Size |
| 1,836 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Property Taxes
| Parcel Number | 160128000A0050000 | Improvements Assessment | $7,240,490 |
| Land Assessment | $1,059,510 | Total Assessment | $8,300,000 |
Property Taxes
Parcel Number
160128000A0050000
Land Assessment
$1,059,510
Improvements Assessment
$7,240,490
Total Assessment
$8,300,000
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Uptown Village | 610 Uptown Blvd
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