Office and Industrial R&D Flex
For Sale
Contact for pricing
Pending
1200 S Sherman St, Richardson, TX 75081
Two-building office and industrial property with specialized security features and a documented renovation history.
Property Size76,646 SF
Lot Size4.70 Acres
Days on Market142
Property Features for 1200 S Sherman St
General Information
Standard status
Pending
Size
76,646 SF
Lot size
4.70 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Year Built
1984
Year Renovated
2018
Buildings
2
Tenancy
Single
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 519-0240
Listed By:
Ryan Bennett · License #CA 01826517
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 9:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
This two-building flex property combines office, industrial, and research-and-development space across 76,646 square feet on a 4.7-acre parcel. Constructed in 1984, the facility was expanded in 2012 and renovated again in 2018. The improvements include a roof replacement completed in 2018 with a long-term transferable roof warranty, along with specialized security features and a firing range used for product testing. The property is leased to Leonardo DRS, a defense technology company working across naval and maritime systems, ground combat mission command, network computing, satellite communications, avionics, and intelligence and security solutions.
Located at 1200 S Sherman St in Richardson, the facility sits just off Interstate 75, approximately 14 miles from Downtown Dallas. Nearby corporate occupants identified in the property information include Lockheed Martin, Texas Instruments, Raytheon, TD Industries, IDG Services, and Harrington Industrial Plastics. The location also provides proximity to Texas Instruments, with which the tenant works on projects and technologies.
Located at 1200 S Sherman St in Richardson, the facility sits just off Interstate 75, approximately 14 miles from Downtown Dallas. Nearby corporate occupants identified in the property information include Lockheed Martin, Texas Instruments, Raytheon, TD Industries, IDG Services, and Harrington Industrial Plastics. The location also provides proximity to Texas Instruments, with which the tenant works on projects and technologies.
Key Highlights
- 76,646‑square‑foot office/industrial R&D flex facility
- Two buildings on a 4.7‑acre parcel
- Constructed in 1984; expanded in 2012 and renovated in 2018
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75081, TX
37,766
Population
14,662
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
90%
High-School Grad
9.0 sq mi
ZIP Area
4,196
Density / Sq Mi
$90,953
Median Household Income
$50,026
Median Earnings
$1,765
Median Rent
$340,600
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building office and industrial property with specialized security features and a documented renovation history.
Where is this flex space located?
The property is located at 1200 S Sherman St Richardson, TX.
What are key features of this property?
This property features: 76,646‑square‑foot office/industrial R&D flex facility; Two buildings on a 4.7‑acre parcel; Constructed in 1984; expanded in 2012 and renovated in 2018
