Office Building with Structured
For Sale
Contact for pricing
Pending
1255 Corporate Drive, Irving, TX 75038
Established office asset with structured parking, strong occupancy, and a substantial anchor tenancy.
Property Size150,019 SF
Days on Market144
Property Features for 1255 Corporate Drive
General Information
Standard status
Pending
Size
150,019 SF
Net Rentable
150,019 SF
Property subtype
Office
Occupancy
89%
Property Condition
Severity
Repairs Needed
Evidence
limited deferred maintenance
Building Details
Year Built
1998
Buildings
1
Building Size
150,019 SF
Tenancy
Multi
Listing Agency:
HFF a real estate
Listed By:
Parker McCormack · License #TX 686138
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 11:45PM
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 HFF a real estate
Investment Insights
Based on property information with market context.
Westpoint I is a 150,019-square-foot office building completed in 1998 at 1255 Corporate Drive in Irving, Texas. The property includes structured parking and is 89% occupied, with a weighted average remaining lease term of 5.7 years.
U.S. Bank has occupied 79% of the rentable area since 2001 and carries an S&P A+ rating. The asset is positioned in the Las Colinas submarket of Dallas/Fort Worth, which recorded 650,000 square feet of net absorption since July 2018. Remaining vacancy and below-market leases provide defined leasing and rent-adjustment considerations within the existing tenancy profile.
U.S. Bank has occupied 79% of the rentable area since 2001 and carries an S&P A+ rating. The asset is positioned in the Las Colinas submarket of Dallas/Fort Worth, which recorded 650,000 square feet of net absorption since July 2018. Remaining vacancy and below-market leases provide defined leasing and rent-adjustment considerations within the existing tenancy profile.
Key Highlights
- 150,019‑square‑foot office building completed in 1998
- 89% current occupancy with a 5.7‑year weighted average remaining lease term
- U.S. Bank occupies 79% of rentable square footage and has been a tenant since 2001
Property Analytics
Property Profile
Current Use
Lease Details
89%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,754
Businesses Nearby
Explore this area
Business Placement
Demographics for 75038, TX
32,928
Population
15,385
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,333
Density / Sq Mi
$69,013
Median Household Income
$47,093
Median Earnings
$1,467
Median Rent
$391,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Established office asset with structured parking, strong occupancy, and a substantial anchor tenancy.
Where is this office building located?
The property is located at 1255 Corporate Drive Irving, TX.
What are key features of this property?
This property features: 150,019‑square‑foot office building completed in 1998; 89% current occupancy with a 5.7‑year weighted average remaining lease term; U.S. Bank occupies 79% of rentable square footage and has been a tenant since 2001
