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Promenade Tower 300 N Coit Rd Bureau 21 033 m² 56 % Loué À vendre Richardson, TX 75080

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Certaines informations ont été traduites automatiquement.

INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT

IMMEDIATE WALKABILITY
LOCATION, LOCATION, LOCATION
REUSE AND CAPITALIZE

A SPACE FOR EVERY TASTE
PLENTIFUL ON-SITE PARKING

RÉSUMÉ ANALYTIQUE

Younger Partners, as exclusive advisor, is pleased to present the unique opportunity to acquire Promenade Tower (the “Property”). This landmark, office and retail development boasts a prominent position at Belt Line / Coit Road in the highly-sought after and affluent submarket of Richardson, Texas. The offering includes a complete fee-simple interest in a distinguished, 15-story office tower that spans 142,169 square feet of space, along with 84,231 square feet of highprofile community retail space and almost 1,000 parking spaces on 6.78 acres of irreplacable land. Nestled amongst a sea of single-family rooftops, the Property enjoys a prime location just west of the Richardson Innovation District - the region’s second largest employments center (1.9M employees) and the STEM hub of Dallas.
Combining established income from a diverse tenant mixture that includes generational neighborhood retail, Promenade Tower is a compelling adaptive reuse opportunity. The 15-story office tower has floor plates of just over 9,000 square feet, 12’5” deck-to-deck heights (floors 3-15) and unobstructed views in every direction. Additionally, the building has a former bank lobby with around 10,000 square feet of potential amenity space with 21’ ceiling heights.
If you build it, they will come and an adaptive reuse of the office tower for residential, hospitality or senior living will bolster the existing retail and drive demand for new tenants. A potential candidate for historical designation and tax credits, the office tower can be vacated for conversion in 18 months.
Texas as a whole has been facing a significant housing shortage for several years. Even though the state builds more homes than any other, the pace of construction has struggled to keep up with the rapid population growth. Richardson, much like the rest of the Dallas-Fort Worth, has been experiencing a tight housing market and a growing need for more residential options. While there may not be an absolute “shortage,” the high demand, rising rents and high occupancy rates create a competitive market for apartment seekers in Richardson. As a result, the City is actively working to increase housing supply though new and redevelopment projects. Available at an embarrassing discount to replacement cost, Promenade Tower is a blank canvas full of potential and ready for the next chapter

Promenade Tower Sale Flyer (Younger Partners)

INFORMATIONS SUR L’IMMEUBLE

Type de vente

Investissement

Condition de vente

Projet de requalification

Type de bien

Bureau

Surface de l’immeuble

21 033 m²

Classe d’immeuble

Année de construction/rénovation

1977/2011

Pourcentage loué

56 %

Occupation

Multi

Hauteur du bâtiment

15 étages

Surface type par étage

1 402 m²

Dalle à dalle

3,66 m

Coefficient d’occupation des sols de l’immeuble

0,77

Surface du lot

2,74 ha

Zonage

Z137 - Commercial

Stationnement

933 places (28,86 places par 1 000 m² loué)

Banque
Installations de conférences

Service de restauration

Property Manager sur place

Restaurant