Parkway North 16800 N Dallas Pky Bureau 6 479 m² 73 % Loué À vendre Dallas, TX 75248

Younger Partners has been exclusively retained to offer qualified buyers the opportunity to acquire Parkway North (“Property”). Located along the thriving North Dallas Tollway, the Property is comprised of almost 70,000 square feet of professional office / medical space. Anchored by an established roster of long-term tenants, the diverse rent roll provides established income in a high-profile location. A desirable mix of small suites appeals to the broadest segment of the submarket’s tenancy and represents a compelling value creation opportunity. Offered for sale free and clear as a fee simple acquisition, the Property was built in 1979 and most recently renovated in 2023.
Offered at a significant discount to replacement cost, Parkway North offers investors a bite-sized entry into a premier submarket of Dallas and the opportunity to execute a value-add lift on a noteworthy parcel of land. The two-story design has shallow bay depths that are ideal for small tenant suites that cater to the decision makers that populate the surrounding neighborhoods.
Operated with an institutional mindset, the building has undergone nearly $700,000 in recent updates to address mechanical and cosmetic needs. As a result, potential buyers will be able to focus their efforts on leasing rather than deferred maintenance issues. Average lease rates at Parkway North are at least $12/sf less than the Far North Dallas submarket average ($31.25/sf - Q4 2025). This results in a strong market position within the competitive set for potential buyers to create value at an attractively low basis.