Sale Information

Asking Price: $6,200,000

Building Size: 34,490 SQ FT

Lot Size: 85726

Cost per Square Foot: $179.76

Cap Rate: 5.82%

NOI: $360,855.00

Property Overview

Fairways One is a premier office building development overlooking Bent Tree Country Club's 5th hole fairway and green. The property was developed by the John Murchison family, former owner of the Dallas Cowboys. It features a well-appointed atrium office entrance. The project is constructed of attractive austin stone and features heavy expansive wood beams and ceiling areas.

The property's close proximity to the high-end residential community of Bent Tree attracts executives who live in the neighborhood. Bent Tree is an exclusive 700 acre residential area developed by the former mayor of Dallas, Bob Folsom. Bent Tree country club is adjacent to the highly exclusive Preston Trails Country Club to the East. Members in the Preston Trail Country club include Jordan Speith and former President George W. Bush.

Built: 1978

Occupancy: 82%

Property Details

Key Points: Premier 34,490 Sq. Ft. Garden Office Development Irreplaceable Golf Course Views Overlooking Bent Tree Country Club Direct Proximity to the high-end Residential Areas of Bent Tree Easy Vehicular Access to the Dallas North Tollway Proximity to the exclusive Preston Trails Country Club whose membership includes Jordan Speith, Former President George W. Bush, Mike Modano, Tony Romo, and Troy Aikman. Break-Even Occupancy @ $15.07 per Square Foot or 70% Parking Ratio of 3.81 per 1,000 Sales Price @ $179.76 Per Square Foot Stable Investment with Strong Tenant base

Broker Information

DataVest, Inc.
Bruce Marshall

5343 Spring Valley Road
Dallas, Texas 75254
United States

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