Marcus & Millichap is pleased to present the opportunity to acquire Walnut Hill Business Center located at 2636 Walnut Hill Lane in Dallas, Texas. The subject property consists of approximately 104,476 square feet of warehouse space and is situated on 7.11 acres of land. The three-building asset features 35 suites, a clear height of 14’, 18 grade-level doors, two dock-high doors, 324 parking spaces, and professional landscaping. Situated in northwest Dallas, the property has easy access to Interstates 35 East and 635, the Dallas, Garland, Northeastern Railroad (DGNO), and the Dallas Area Rapid Transit (DART) railyard. At 75.5 percent occupied with multiple short-term leases in place, this sale offers investors a value-add lease-up opportunity.
The subject property is located within East Hines North, a midsize submarket containing 22.7 million square feet of industrial space. As one of Dallas’ original industrial hubs situated in proximity to downtown, the submarket has little land available for development and the inventory has remained essentially unchanged over the last 30 years. In 2024, the vacancy rate in East Hines North rose to 5.0 percent but remained well below the 9.5 percent Dallas-Fort Worth market average. While vacancies remained relatively low in the submarket, annual rent growth decelerated to 4.7 percent, which was in line with the DFW average (CoStar). Despite the recent contraction in demand, the East Hines North submarket should hold up well in the near term as the industrial market stabilizes.
The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with a total of 8.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with nearly 980,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metro’s numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 24 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub (Marcus & Millichap).
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0060057)
