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5601 Executive Drive,
Irving, TX 75038

Asking Price: $26,666,666.67

5601 Executive Drive,
Irving, TX 75038

Property Details

Address          5601 Executive Drive, Irving, TX, 75038

Asking Price                     $26,666,666.67 ($171.41 PSF)

Net Rentable Area                                     155,571 RSF

Site Area                         6.657 Acres (289,978.92 SF)

Cap Rate                                                             9.00%

NOI                                                          $2,400,000.00

WALT                                                               5+ Years

Occupancy                      97.4% with Credit Tenants

Parking Spaces                                                     593

Parking Ratio                                                   3.8/1000

Stories                                                                         8

Year Built                                                                1981

Renovated                                                 2022-2023
                                          (Over $1.8 Million Invested)

Class                                                                         B+

Asking Price: $26,666,666.67

Marketing Description
 

High-quality, Recently Renovated Office Buildings

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  • Renovated, modern common areas and restrooms throughout the building.

  • Recent renovations provide a competitive advantage over a competitive building set that is predominantly in need of renovations.

  • Renovated on-site amenities to meet
    current tenant demand, including:
    + New Conference Center
    + New 75-Seat Training Room
    + New Tenant Lounge

  • Amenities within the submarket, offering 350+ restaurants
    and retailers in close proximity.

  • Ability to cater to large and small tenants

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Buyer Registration (Example):

  • Kushner Companies (Ms. Nicole K. Meyer, 212-527-7000)

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