Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4451 Dale Earnhardt Way in Northlake, Texas. The subject property consists of approximately 31,382 square feet of shallow-bay warehouse space. Delivered in 2021, asset features masonry construction, 24 fee simple suites, each with a grade-level door, a clear height of 24’, and 60 parking spaces. Managed by Urban Garages, the popular provider of affordable flex spaces with luxury amenities offers a property owner’s association (POA) that covers common area maintenance and any repairs to the roof, structure, foundation, and parking lot. Located in close proximity to the interchange between Interstate 35 West and Texas State Highway 114, the property has easy access to major points in the Dallas-Fort Worth metroplex. Fully occupied on triple-net leases, this sale gives buyers an opportunity to acquire a core-plus asset.
The subject property is located in the massive Northeast Tarrant/Alliance submarket, containing 89.4 million square feet of industrial space. The submarket is anchored by AllianceTexas, the more than 27,000-acre master-planned community developed by Hillwood. Over the last decade, the inventory of Northeast Tarrant/Alliance has grown by 142 percent, becoming the largest submarket in North Texas. During the first quarter of 2025, net absorption totaled about 1.3 million square feet. Without any new deliveries, the vacancy rate fell 140 basis points to 11.0 percent. Despite the reduction in availability, annual rent growth decelerated from 110 basis points quarter-over-quarter to 4.9 percent, breaking below the pre-pandemic trendline. While the industrial pipeline in Northeast Tarrant/Alliance retreated to just 121,000 square feet last year, developers have resurfaced with 5 million square feet under construction by Q1 (CoStar).
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: ZAG0060132)
