701,713,717 EAST WALNUT STREET (GARLAND)

VACANT

SOLD AT FULL ASKING PRICE
Lot Size :
2.83 acres
Year Built :
1968
Property Area :
42,768 sqft
Status :
RECENTLY SOLD

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

 

 

Investment Highlights

  • Recently Installed TPO Roofs, Reported by Seller
  • Property Divisible Into Three Suites
  • Outside Storage: Six-Inch Concrete, and Fenced Area
  • Proximate to DART Rail Provides Easy Transportation for Workers

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the portfolio located at 701, 713, and 717 East Walnut Street in Garland, Texas. The subject properties consist of approximately 42,768 total square feet and are situated on 2.04 acres of land in the city that ranks 12th largest in Texas. Built in 1968, the properties are located in the Northeast Dallas/Garland submarket, with recently installed TPO roofs and outside storage. The properties are proximate to the DART rail, providing easy transportation for workers. The properties are appealing with them being divisible into three suites. With over 11,000 businesses in the area, Garland prides itself on the 16,000 jobs on behalf of the Garland Economic Development Partnership and healthy economic climate. Major employers in Garland include: GISD, Kraft Foods, US Food Service, Atlas Copco, SilverLine Window, and Hatco (Resistol).

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 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 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. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0060579)

Exclusive Listing

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

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