1336 Irving Hts Dr Irving, TX 75060-6308

Property Details for 1336 Irving Hts Dr

Year built

1967

Construction

TILT-UP CONCRETE

Lot size

2.34 lot acres

Property size

11,968 SF

Zone code

Z128

Property type

Warehouses

Property subtype

Self storage facilities

APN

32231800510010000

APU

32231800510010000

Description

This 22,000 square foot industrial distribution and manufacturing facility, located at 1336 S Irving Heights Dr, Irving, TX 75060, presents a compelling investment opportunity. The property boasts a strong corporate guarantee from BrandSafway, a globally recognized company with over 360 locations and annual revenue exceeding $5 billion. The current lease, a Net Net (NN) agreement, has a remaining term of approximately one year, expiring November 30, 2025, with a fixed rent structure. The property features a newly installed roof (2021), minimizing immediate capital expenditures. The current Net Operating Income (NOI) is $164,108, yielding a 5.48% cap rate. However, the current rent of $7.46 per square foot is below market, presenting a significant value-add opportunity for the new owner. The property sits on a 2.34-acre lot and benefits from a strategic location within the Dallas/Fort Worth Metroplex, boasting excellent access to major highways including Interstate 35E, Interstate 635, Loop 12, and Highway 183, with daily traffic counts exceeding 132,000 vehicles. The surrounding area is densely populated, with over 210,000 residents within a 5-mile radius and over 1,000,000 within a 10-mile radius. The property's location within an established industrial area, alongside other national brands, further enhances its appeal. The asking price is $2,995,000. The Dallas/Fort Worth MSA consistently ranks highly for population growth, making this a stable and potentially high-growth investment. The property's strong tenant, low current rent, and prime location combine to create a compelling investment opportunity with significant upside potential. The property's APN is 32231800510010000.

Location Insight

City

Irving

County

Dallas

State

Texas

Longitude

-96.9244

Latitude

32.7983

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments