6610 & 6534 Industrial Drive
- 6610 & 6534 Industrial Drive, Sachse, TX 75048
- Property Type:
- Single Tenant
- Square Feet:
- 17,212 sqft
- Lot Size:
- 0.90 acres
- Price Per Square Foot:
- Year Built:
- Two Single-Tenant Industrial Warehouses in Tight Barrier-to-Entry Market
- Carlisle Syntec TPO Membrane Roofs Installed November 2016
- Value-Add Opportunity for Investor to Increase In-Place Rents on Month-to-Month Leases
- Strong Vacancy Rate Trending Below-Market Average at 3.2%
- Quick Access to State Highway 78 & President George Bush Turnpike (Toll Road)
Marcus & Millichap is pleased to present the opportunity to acquire the two-building property located at 6610 and 6534 Industrial Drive in Sachse, Texas. The subject property consists of approximately 17,212 square feet of space and is situated on 0.9 acres of land. The seller reports the single tenant asset features Carlisle Syntec TPO Membrane roofs installed in November 2016. With month-to-month leases in place, a value-add opportunity exists for an investor to increase rents. Located in a tight barrier-to-entry market, the asset has quick access to State Highway 78 and the President George Bush Turnpike toll road.
The property is situated within NE Dallas/Garland, one of Dallas’ major industrial submarkets, containing 55.4 million square feet. The submarket is largely comprised of multi-tenant properties built during the ‘80s and ‘90s and single-tenant warehouses suitable for modern distribution. Over the last four quarters, the vacancy rate experienced a significant drop from 6.3 percent to a record low of 2.6 percent through Q4 2021. The low vacancy rate in NE Dallas/Garland is thanks to a historic high net absorption of about 3 million square feet in 2021. Backed by strong demand, annual rent growth has also reached a new high of 9.5 percent. Throughout the pandemic, market cap rates have remained at a record low level of 5.6 percent, offering investors a submarket with strong fundamentals (CoStar).
The Dallas-Fort Worth metroplex is the fourth-most populous metro in the nation, with an aggregate of more than 7.5 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 800,000 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 metros 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.