Overview
Younger Partners, as exclusive advisor, is pleased to present Royal Ridge Business Center, a compelling owner occupant opportunity in thriving Irving, TX. Located off of Belt Line Road, the buildings are 55% occupied and offer up to 60,000 square feet of vacant space available for near-term occupancy.
The established tenancy has roughly 3 years of WALT and provides income to offset the cost of ownership. Additionally, potential Buyers should be able to capitalize on new leasing and mark-to-market renewals in one of the region’s preferred office / flex environments that has transitioned to NNN leasing structures.
Available as-is, Royal Ridge Business Center was built in 1986 and offers a combination of dense office space and flexible warehouse configurations. The timeless architecture and heavy parking is complimented by dedicated/controlled HVAC, direct accessibility, limited common areas and lower operating costs when compared with traditional mid and high rise office space. The two buildings were built with 6.8/1,000 parking but 8111 Royal can offer over 8/1,000 given the allocation to the industrial tenancy at 8101 Royal.
The buildings are located with convenient accessibility to the amenity rich Belt Line Road corridor. The Property is located equidistant from Interstate 635 and State Highway 114 with a five-minute drive to Dallas/Fort Worth International Airport and the vibrant, master planned Cypress Waters Development. Proximity to the Las Colinas Urban Center and Toyota Music Factory make these buildings easily accessible to some of Dallas’ most sought-after amenities.
The established tenancy has roughly 3 years of WALT and provides income to offset the cost of ownership. Additionally, potential Buyers should be able to capitalize on new leasing and mark-to-market renewals in one of the region’s preferred office / flex environments that has transitioned to NNN leasing structures.
Available as-is, Royal Ridge Business Center was built in 1986 and offers a combination of dense office space and flexible warehouse configurations. The timeless architecture and heavy parking is complimented by dedicated/controlled HVAC, direct accessibility, limited common areas and lower operating costs when compared with traditional mid and high rise office space. The two buildings were built with 6.8/1,000 parking but 8111 Royal can offer over 8/1,000 given the allocation to the industrial tenancy at 8101 Royal.
The buildings are located with convenient accessibility to the amenity rich Belt Line Road corridor. The Property is located equidistant from Interstate 635 and State Highway 114 with a five-minute drive to Dallas/Fort Worth International Airport and the vibrant, master planned Cypress Waters Development. Proximity to the Las Colinas Urban Center and Toyota Music Factory make these buildings easily accessible to some of Dallas’ most sought-after amenities.
Key Facts
Destination location
Superior 1-3 Mile demographics
DFW: top market for investment
Economic diversification
Fully amenitized environment
Secure In-place occupancy
Owner occupancy opportunity
Form and function
