2304 Oak Ln Grand Prairie, TX 75051-8812

Property Details for 2304 Oak Ln

Year built

1978

Construction

TILT-UP CONCRETE

Lot size

7.72 lot acres

Property size

177,760 SF

Zone code

Z236

Property type

Office buildings

APN

65151904010110000

APU

65151904010110000

Description

This exceptional Grand Prairie, Texas office portfolio presents a compelling value-add investment opportunity. Comprising four two-story buildings totaling 177,761 square feet, this Class C property boasts a strong 9.37% cap rate and a net operating income (NOI) of $777,887, with an asking price of $8,300,000. Strategically located in Dallas County at 2304 Oak Ln, Grand Prairie, TX 75051, the property benefits from excellent visibility and accessibility, situated in a vibrant economic district. Its proximity to major highways, including I-20, ensures seamless commuting. The portfolio is approximately 15 minutes from AT&T Stadium, offering convenient access to a major entertainment venue and further enhancing its location appeal. The contemporary exterior and functional interior design make it suitable for a variety of businesses. This investment presents a strong potential for future appreciation within Dallas's thriving real estate market, making it an attractive opportunity for investors seeking a value-add project with significant upside potential in a prime location. The property's below-market price per square foot further enhances its investment appeal. This is a rare chance to acquire a substantial office portfolio in a high-growth area with excellent potential for long-term returns.