Documents
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Attributes
Year Built | 2021 |
Building Area Net |
|
Occupancy | 100.0 % |
Call for Offers | 2022-03-30 |
Asset Description
JLL Capital Markets is pleased to present the opportunity to acquire the McKinney Airport Center (the “Property”), a Class A Industrial Park strategically located in the path of growth in the McKinney Submarket of the thriving Dallas / Fort Worth Industrial Market. The Property is comprised of two shallow bay industrial buildings which are currently 84% leased to a high performing roster of diverse tenants, with an average remaining lease term of 4.86 years. Potential investors have the unique opportunity to acquire an asset that provides strong in-place cash flow with demonstrated market rent increases and robust leasing momentum, in addition to incredible highway visibility and access. The McKinney Airport Center offers the perfect combination of location, functionality, building quality, and exit liquidity for an investor seeking long-term upside when coupled with the growth of the surrounding area.
Investment Highlights
- NORTH DALLAS' PREMIER CLASS A BUSINESS PARK
- 84% LEASED TO A STRONG LINE UP OF 8 TENANTS WITH OVER 4.86 YEARS OF WALT REMAINING
- SITUATED IN DFW'S GROWTH PATH
- SHALLOW BAY CONTINUES TO OUTPERFORM VERSUS BULK INDUSTRIAL
- UNDERSERVED INSTITUTIONAL SUBMARKET