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    FOR LEASE
    Parking lots & garages

    16415 Addison Rd, Addison, TX 75001

    93,275 SF 3.77 ac lot Built 1984
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US83-4232944
    Property summary
    AI-generated overview

    The Charter, a prestigious Class A office building located at 16415 Addison Rd, Addison, TX 75001, offers exceptional executive office suites for lease. This nine-story building, totaling 149,578 square feet, underwent a complete renovation in 2021, ensuring modern amenities and a sophisticated work environment. Currently, there are multiple suites available, ranging from a minimum of 557 square feet to a maximum contiguous space of 3,353 square feet, providing flexibility for businesses of various sizes. The building boasts a total of 11 suites, with 14,386 square feet currently vacant. Built in 1985, The Charter provides ample parking with a ratio of 4.0 spaces per 1,000 square feet. Its prime location in Dallas County, Addison, offers easy access to major transportation routes and a vibrant business community. The building's modern design and updated features create an ideal setting for discerning businesses seeking a prestigious and functional workspace. Interested parties are encouraged to inquire about available space and lease terms. This is an exceptional opportunity to secure high-quality office space in a highly sought-after location.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING GARAGE, PARKING STRUCTURE
    Year built 1984
    Construction FRAME
    Total area 93,275 SF
    Lot 3.77 ac (164,178 SF)
    Zoning code Z236
    APN 10000620000010000
    UPID US83-4232944
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • VNR-1 Communications, Inc Film Production Television Studio
    • Aspire Fertility Medical Clinic
    • Pilot Insurance Center Insurance Agency
    • Metis Genetics Medical Laboratory Surgeon
    • Addison Foods Inc Butcher Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $800k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $938k
    Blend (final) Blend
    $870k
    Owner & transaction history
    Qfp At LLC · 5 yrs held
    Qfp At LLC
    since 2020
    4 recorded transactions
    2020
    $10.0M
    2017
    2007
    2000
    Zoning & alternative use
    Z236 · Addison, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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