9002 Chancellor Row
Dallas, TX 75247
Industrial Property For Sale

The subject single-tenant property consists of 16,558 square feet and is situated on 0.85 acres of land. Built in 1956 and renovated in 2009, the property showcases tremendous value-added opportunity for any potential investors. The current tenant, Cazares Carpet, is exercising the current lease on a month-to-month basis, well below the average market rents. Per CoStar Analytics, the average asking rents for the West Brookhollow market are approximately $4.50 per square foot. CoStar also reports a very low vacancy rate, less than 2 percent, for the West Brookhollow market. The property is an ideal fit for any owner/user looking to be within proximity to downtown Dallas or any investor looking to add value by redemising the current lease/tenant in place. The 2015 official estimate U.S. Census has the Dallas/Fort Worth metroplex at 7,102,796, making it the largest metropolitan area in the South. During the 12-month period from July 2008 to July 2009, the Dallas-Fort Worth-Arlington metropolitan area gained 146,530 new residents, more than any other metropolitan area in the United States. The area's population has grown by about one million since the 2000 US census. The DallasFort WorthArlington MSA is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the 10th-largest in the Americas. The metroplex encompasses 9,286 square miles of total area: 8,991 square miles is land, while 295 square miles is water, making it larger in area than the U.S. states of Rhode Island and Connecticut combined. It also has the fourth largest gross metropolitan product (GMP) in the United States, and approximately tenth largest by GMP in the world.