2415 FRUITLAND AVENUE (FARMERS BRANCH, TX)

VACANT

2415 FRUITLAND AVENUE, FARMERS BRANCH, TX 75234
Price :
$ 499,000
Cap Rate :
8.60%
Lot Size :
0.24 acres
Year Built :
1986
Property Area :
4,270 sqft
Status :
UNDER CONTRACT
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• 4,270-Square Foot Flex Asset Situated on 0.24 Acres
• Five Office Spaces, Reception Area, Break Room, Three Bathrooms, and Large Storage/Warehouse Area
• Features Two A/C Units, Gas Heating, with Interior and Exterior Security Cameras
• New 30-Year Warranty Roof, Repaired Foundation and Plumbing
• Easy Access to Interstate 35 East and Interstate 635
• Below Average Submarket Vacancy: 4.5% Reported by CoStar

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2415 Fruitland Avenue in Farmers Branch, Texas. The subject vacant property consists of approximately 4,270 square feet of space and is situated on 0.24 acres of land. The subject property features five office spaces, a reception room, a break room, three bathrooms, and a large warehouse/storage area. The asset has two air conditioning units, gas heating, and four security video cameras. The subject property also features a new 30-year warranty roof and repaired foundation and plumbing. It has easy access to Interstate 35 East and Interstate 635.

Farmers Branch in North Dallas is home to 4,000+ companies and 250+ corporate headquarters including JDA Software, Occidental Chemical, Iidon Security, Taco Bueno, SoftLayer Technologies and Monitronics. The submarket is business friendly with sales tax exemptions, property tax rebates, and more. Centrally located in the Metroplex, Farmers Branch 15 minutes from DFW International Airport and Dallas Love Field. The area is projected to have a population of nearly 34,000 by 2022. Farmers Branch offers access to Dallas North Tollway, Lyndon B. Johnson Freeway, North Stemmons Freeway, and the Dallas Area Rapid Transit system. The city is home to 28 parks and the John F. Burke Nature Preserve.

The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 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 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 21 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.

 

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. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060461)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Sam Martin
(972) 755-5198
Lic # TX : 707514

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