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Irving, Texas, stands out as a key location for industrial properties due to its strong infrastructure and location in the Dallas-Fort Worth metroplex. The city's transportation network, including major highways and the Dallas Fort Worth International Airport, supports industrial activities. Irving's diverse corporate environment and educational institutions like the University of Dallas and North Lake College provide a skilled workforce. The area's geography is well-suited for industrial development, making Irving an appealing option for those looking into industrial properties. Understanding what is commercial real estate and the types of properties that fit your budget and return expectations is crucial when investing.
Industrial properties in Irving are close to important urban infrastructure and benefit from a dynamic economy. The Las Colinas area, within Irving, has a mixed-use setting that could increase the value and usefulness of industrial spaces. For investors interested in a "like-kind" property for a 1031 exchange, Irving offers suitable properties. Besides industrial properties, Irving also has warehouses for storage and distribution and land available for development or investment. Apartment buildings and commercial real estate in Irving take advantage of the city’s growing population and business environment. These varied property types, along with Irving's economic and strategic advantages, show the city's potential as an investment destination.
| Industrial Property Size | Square Feet |
|---|---|
| Maximum | 1,005,200 SF |
| Average | 44,828 SF |
| Minimum | 250 SF |
| Industrial Property Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 8.92% |
| Average | 5.38% |
| Minimum | 2.40% |
| Industrial Property Price | Price Per SF |
|---|---|
| Maximum | $450 Per SF |
| Average | $234 Per SF |
| Minimum | $90 Per SF |
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