Multi-tenant industrial complex, high occupancy, strong NOI.
Property size:
83,655 SF
Description
Added:
Dec 11, 2024
Days on Market:
392
This exceptional Arlington, Texas, investment opportunity presents a 83,655 square foot, multi-tenant industrial portfolio comprising three buildings: a 39,180 square foot warehouse, a 10,849 square foot flex space, and a 33,626 square foot office building. Currently 90% occupied with 30 tenants under gross leases, the property boasts a strong NOI of $645,064 and a 6.45% cap rate, with a pro-forma NOI of $776,946 and a pro-forma cap rate of 7.77%. Built in 1978 and renovated in 2020, the property features 13 dock-high doors, 2 loading docks, and a 14'7" ceiling height. Situated on a 5.53-acre lot at 2401 Avenue J, Arlington, TX 76006, this Class B property benefits from a prime location, offering easy access to major transportation routes including Interstate 30 and Interstate 360, and proximity to key attractions such as Texas Live, Globe Life Park, AT&T Stadium, Six Flags, and Hurricane Harbor. The property includes abundant parking, a white reflective roof, newly painted walls, vinyl plank flooring, and LED lighting. Rent bumps are set at 4%. This value-add opportunity offers significant upside potential for investors seeking a well-located, income-producing asset in the thriving DFW market. The property is less than 10 miles from DFW Airport.
Property Features for 2401 Avenue J
General Information
Property type
Distribution properties
Square Feet
83,655 SF
Class
B
Lot Size
240,887 SF
Building Details
Year Built/Renovated
1978/2020
Buildings
3
Stories
1
Units
30
HighLights
39,180 SF warehouse space.
10,849 SF flex space.
33,626 SF office space in a three‑building corporate park.
Modern amenities including a reflective roof, ample parking, and LED lighting.
Prime Arlington location, 0.5 miles from I‑360, I‑30, and Ball Park Way.
Distribution property - Multi-tenant industrial complex, high occupancy, strong NOI.
Where is this distribution property located?
The property is located at 2401 Avenue J Arlington, TX.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 39,180 SF warehouse space.; 10,849 SF flex space.; 33,626 SF office space in a three-building corporate park.
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2401 Avenue J Arlington, TX 76006
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Realmo Value Estimation
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Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
2401 Avenue J Arlington, TX 76006
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2401 Avenue J, Arlington, TX
David Dunn
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2401 Avenue J, Arlington, TX
David Dunn
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2401 Avenue J, Arlington, TX
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2401 Avenue J, Arlington, TX
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to 2401 Avenue J Arlington, TX 76006
2401 Avenue J, Arlington, TX
David Dunn
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