Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1983
Building Area
Land Area ()
Number of units 598554

Property description

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Spectrum Center (the “Property”), a two-building, 613,858 square foot, Class A, value-add office investment opportunity located along the Dallas North Tollway. The Property has been institutionally owned and maintained throughout its history with a full complement of building amenities and over $16 million of capital upgrades and amenity enhancements. The amenity rich location offers one of the most walkable locations in the DFW market with direct access to “Restaurant Row” (Belt Line Road) and its 100+ dining and entertainment options. The property is currently 73% leased to national and regional credit tenants representing a diverse mix of industries including technology, financial services and healthcare companies with 4.4 years of weighted average lease term remaining.

Investment highlights

  • 73% Leased With a Staggered Rollover
  • 143,692 SF of Current Availability
  • 23% Below Market In-Place Rents
  • 46% Combined Rollover During the First Four Years
  • Limited Deferred Maintenance Capital
Last Updated Date: 16 Sep 2021
Andrew Levy
Andrew Levy
Senior Managing Director, Dallas Office Co-Head
Broker Licenses
LA-BROK.0995686164-ACT TX-0413696
Todd Savage
Todd Savage
Senior Managing Director, Capital Markets
Broker Licenses
TX-0509026

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Last Updated Date: 16 Sep 2021

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