OFFERING SUMMARY
PRESTON UNIVERSITY HOLLOW PARK HIGHLAND PARK UPTOWN / TURTLE CREEK DALLAS CBD
SOUTHWESTERN MEDICAL DISTRICT DESIGN DISTRICT
HARRY HINES BOULEVARD
35E IRVING BOULEVARD
W MOCKINGBIRD LANE 35E
METROMEDIA PLACE
AMBASSADOR ROW JOHN W. CARPENTER FREEWAY (HWY 183)
DIVIDEND DRIVE
SOVEREIGN ROW
SALES PRICE: $2,175,000 ($51.27/SF)
42,420 Square Feet | 100% Leased Value Add Industrial | Premier Infill Location | Multi-Tenant Design
DALLAS, TEXAS www.streamrealty.com EXECUTIVE SUMMARY
OFFERING SUMMARY Stream Realty Partners is pleased to present for sale 8400 Ambassador Row (the “Property”), an infill, industrial warehouse comprised of 42,420 square feet in the South Stemmons Industrial submarket. The Property is currently 100% leased to two tenants with near term lease expirations at below market rental rates.The sale of the property is subject to a 99-year ground lease, with 85 years remaining, that has fixed annual payments.
This offering provides a rare value-add, industrial opportunity within one of the strongest submarkets in the Dallas/Fort Worth metroplex. West Brookhollow, within the greater South Stemmons Industrial submarket, boasts ultra-low industrial vacancy rates due to lack of available land and its proximity to the The booming industrial market fundamentals, coupled with an infill, highly functional asset, most dynamic urban areas in North Texas. The West allows for immediate value creation through the mark to market of in-place rates. Brookhollow submarket achieved a shallow bay vacancy rate of 2.8% for 2Q 2019.
PROPERTY DESCRIPTION INVESTMENT HIGHLIGHTS
8400 Ambassador Row ADDRESS: LAST MILE INFILL LOCATION DISCOUNT TO REPLACEMENT COST Dallas, Texas 75247 • Demand for infill, light industrial space with • The building is anticipated to trade at a YEAR BUILT / RENOVATED: 1954 / 1961 easy access to dense, urban population significant discount to replacement cost in NET RENTABLE AREA: 42,420 square feet centers has become of critical importance an irreplaceable infill location LAND AREA: 2.746 acres for E-commerce and retail supply chain configurations EXCELLENT RENT GROWTH OPPORTUNITY OCCUPANCY: 100% • The building size of 42,420 square feet is in TENANTS: 2 FUNCTIONAL, MULTI-TENANT DESIGN a tranche range not heavily served by new EST. OFFICE FINISH: 13% • Highly functional designs, with specifications construction WAREHOUSE CLEAR HEIGHT: 14’ - 16’ including ideal building depths, low office • Owners of similar product are enjoying TOTAL LOADING DOORS: 8 finishes, a high density of dock doors and significant rental pricing power DOCK HIGH DOORS: 5 concrete tilt wall construction • Investors stand to benefit from future renewals of existing tenants, with in-place GRADE LEVEL & RAMPED DOORS: 3 rents approximately 35% below market as well as upside potential from the residual sale
2 EXECUTIVE SUMMARY (CONT’D)