Overview
Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire Canyon Creek Center (the “Property”), a privately owned and maintained office building in the flourishing North Dallas suburb of Richardson. The Property offers 100,000 square feet of highly efficient, neighborhood office space that is 56% leased and well positioned for an owner occupant wanting to take control of their real estate needs and enjoy the benefits of ownership. Home to a diverse rent roll, the building has existing revenues that will provide a reliable income stream.
Situated along heavily traveled Central Expressway, Canyon Creek Center is proximate to one of North Texas’ most significant residential populations. The nearby rooftops fuel demand in the building from customer facing service operators that feed off the neighborhood community. Located near then intersection of Campbell Road and Central, the Property is proximate to a wealth of restaurants, a variety of shopping destinations and is located in the heart of the region’s innovation quarter.
The building has been substantially renovated and offers a variety of space availabilities to a potential owner-occupant. With over 44,000 square feet available, the building is offered at a sizeable discount to replacement cost and an attractively low basis.
Situated along heavily traveled Central Expressway, Canyon Creek Center is proximate to one of North Texas’ most significant residential populations. The nearby rooftops fuel demand in the building from customer facing service operators that feed off the neighborhood community. Located near then intersection of Campbell Road and Central, the Property is proximate to a wealth of restaurants, a variety of shopping destinations and is located in the heart of the region’s innovation quarter.
The building has been substantially renovated and offers a variety of space availabilities to a potential owner-occupant. With over 44,000 square feet available, the building is offered at a sizeable discount to replacement cost and an attractively low basis.
Key Facts
Irreplaceable asset and land site in the heart of DFW
Over 18,000 SF of furnished, plug and play space available for occupancy
Dramatic reduction in occupancy cost through ownership
Tax and depreciation benefits
Recent capital projects and renovations completed
Variety of space options and strong in-place tenants
Amenity rich suburban environment in a dynamic location
Long run optionality and land scarcity in the area
Benefited by Dallas/FortWorth's status as a top U.S. marketplace with a diversified economy, nation leading population and job growth
Discount to replacement cost of approximately $450/SF
