Listing Agency: CBRE - Corporate s***@cbre.com Show Phone

Listed By: Shannon Brown Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Jul 30 at 2:52AM

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Investment Insights

Based on property information with market context.

Sherry Lane Place is a Class A office building, originally constructed in 1983 and renovated in 2020. The 20-story building offers on-site courtesy guard and management services. Covered parking is available in an attached garage at a ratio of 3 spaces per 1,000 square feet. The property features a fitness center, tenant lounge, and conference center. A cafe with indoor and outdoor seating is located within the building. The Park City Club, situated on the 17th floor, provides views of the Dallas skyline. The building's location offers walkability to Preston Center. The property has a size of 8736 square feet.

Key Highlights

• Class A office building renovated in 2020
• Attached covered parking (3 per 1,000)
• On‑site courtesy guard & management

Property Analytics

Property Profile

Current Use

Ackerman Capital Management Financial Advisor American Council of Engineering ... Association Or Organization Flynn William E ... Physician Dallas Public Affairs ... Association Or Organization ZK Technologies Employment Agency

Suggested Use

Top Pick Electrical Service Daycare Center Auto Repair Shop Storage Facility Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

2,874

Businesses Nearby

Explore this area Business Placement

Demographics for 75225, TX

22,635

Population

9,839

Households

2.3

Avg Household Size

46

Median Age

84%

College-Educated

99%

High-School Grad

4.7 sq mi

ZIP Area

4,816

Density / Sq Mi

$189,985

Median Household Income

$114,600

Median Earnings

$2,406

Median Rent

$1,489,200

Median Home Value

Market

Lease Benchmarks for Dallas, TX

$27.79 /SF/Yr

Avg Asking Price

$14.19–$46 /SF/Yr

Price Range

88,337 SF

Avg Space Size

Vacancy Rate% for Office in Dallas, TX

19.2% 2019

21.1% 2020

21.5% 2021

21.6% 2022

22% 2023

26.2% 2024

25.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Class A office building with modern amenities and convenient location.

Where is this office building located?

The property is located at 5956 Sherry Lane Dallas, TX.

What are key features of this property?

This property features: Class A office building renovated in 2020; Attached covered parking (3 per 1,000); On‑site courtesy guard & management