Wolfpack Brochure - Flyer - 450 E John Carpenter Fwy

Page 1

450 E JOHN CARPENTER FWY | IRVING TX 75062 DOUG CARIGNAN Executive Vice President +1 214 979 6141 doug.carignan@cbre.com Lic. 474212 RYAN BUCHANAN First Vice President +1 214 979 6164 ryan.buchanan@cbre.com Lic. 651491 CHELBY SANDERS Executive Vice President +1 214 979 6125 chelby.sanders@cbre.com Lic. 511451 OFFICE BUILDING for SALE
PURCHASE OPPORTUNITY in LAS COLINAS

• 58,276 SF

• MULTI-TENANT OFFICE BUILDING

• 73% OCCUPIED

• 290 SURFACE PARKING SPACES

• OWNER/USER OPPORTUNITY

BUILDING FEATURES

YEAR BUILT: 1984

# FLOORS: 3

RBA: 58,276 SF

LAND: 2.71 AC | 118,048 SF

TYPICAL FLOOR: 17,089 SF

PARKING: 5/1000 SF

ZONED: Commerical, Office

BUILDING SIGNAGE: Top of Building

BUILDING AMENITIES: 126 Person Conference Room, 43 Person Board Room

RECENT UPDATES: Roof, Lobby, Hallways, Restrooms, HVAC

2 | 450 E JOHN CARPENTER
3 | 450 E JOHN CARPENTER
Rendering of Building Painted
4 | 450 E JOHN CARPENTER 5 | 450 E JOHN CARPENTER LOWER LEVEL 12,450 SF FLOORPLANS FLOOR 1 14,057 SF FLOOR 2 15,126 SF FLOOR 3 17,052 SF

EYM Group (Highlighted in Blue):

Original Lease

Commencement Date: 06.01.2016

Expiration Date: 09.30.2021

Suite 150 = 11,124 RSF

64-month term (4 free)

$13.00+E + $.50 annual bumps to backend rate of $15.00+E.

Security deposit of $50,058, which has been reduced to $13,905 (applied to rent beginning month 11)

55 unreserved parking spaces

ROFR remainder of 1st floor if becomes available.

One 5-year renewal right with 9-12 months prior notice.

Storage Space

Commencement Date: June 2019

Expiration: month-to-month

Storage on 2nd floor: 480 RSF

$450/ month

Big 12 Conference (Highlighted in Green):

Original Lease

Suite 50 = 2,769 RSF

39 months (3 free)

$14.00+E + $.50 annual bumps to backend rate of $15.00+E

Security Deposit of $3,461.25.

13 unreserved parking spaces

Two – one-year renewal options at $15.50 & $16.00 rates, with 6 months prior notice.

Amendment No1

Amendment Commencement: 11.1.2020

Expiration Date: 10.31.2023

36-month term

$15.50+E + $.50 annual bumps to backend rate of $16.50+E

Westward Environmental (Highlighted in Red): Original Lease:

64-month term (4 free)

$15.50+E + $.50 annual bumps to backend rate of $17.50+E.

Security Deposit of $3,298.75.

10 unreserved parking spaces

Big Brothers Big Sisters -Owner(Highlighted in Yellow): +/-26,000 RSF located on G, 1st and 3rd floors

Second Floor:

Vacant: 14,646 RSF

6 | 450 E JOHN CARPENTER 7 | 450 E JOHN CARPENTER BUILDING OCCUPANCY
Commencement
Suite
Date 06.16.2017 Expiration Date: 10.31.2022
25 = 2,262 RSF
Property Address: 450 E John Carpenter Freeway, Irving Tx 75062 2016 2017 2018 Taxes ~$29000 ~$29000 ~$29000 Insurance 10,251 9,184 7347.02 Management Fee 24,585 24000 24000 Maintenance 110,840.15 89074.03 92,865.86 Janitorial 28,559.94 38555.59 41465.84 Utilities 86,463.36 83196.37 85,996.70 Data, Communications 1,100.00 1100 1200 (PROGRAM) ( TELING) '------------;;;;;ai;;;i. .. 12J fli=.- '-ii TRAINING ROOM [ill] (PROGR,\ � � [iliJ __ --: LOWER LEVEL (G) 37 CO /ll IL � iCCRRIDOR 03 EX STINC. !!L..l!C:TRIC:,&,L TELEPHO�£. '10011 IN�ET fill] 0 127A r--,,--, __JL ,_,_,_,_,,.J '-L -_--_ -_ -_-_-_-_-_-_--'--..._...,_ c:=..PACE eieph=e 972/414-93.91 �r":)VVVNING Fax: 972/4 4-0.997 rc:=..PECIAL/STS ,:;;;;,C0/'1/'1lERC/AI... SP,A,Cf= PLANNING � INTEf<IOR os1eN Lower eve 12,450 RSF 450 JOHN CARPENTE FREEWAY LAS COLINAS TEXAS J PROPERTY LEASING&: ADVISERS MANAGEMENT CONTAC'.r REALTY JERRY Kl!Jl5 INC. 6Dl2 CAXPUS CIIICIIZ DB. f21D lli.\'IJIG, Tl!DS '!5Dlli3 972)465-9900 PROPERTY ADV SERS REALTY, INC. ' L/ First Floor 14,057 RSF 450 ohn Carpen er Fwy Su t 100 v ng TX 75062 ltl P1ml"f'.RTY ADVISEIIS RF.At.TV, NC HISTORICAL BUILDING EXPENSES 1 2 3 4 2 1 3 4 4 4 VACANT

LAS COLINAS | URBAN CENTER/WINGREN

The Urban Center/Wingren submarket within master-planned Las Colinas. Along with scores of new multifamily developments, Water Street and the Toyota Music Factory have transformed the area into a true live-work-play environment. The Music Factory venue hosts some fantastic live entertainment in its 8,000 seat amphitheater, and both offer wide range of restaurants and a movie theater to keep people entertained. Looking forward, the connectivity provided by DFW Int’l. Airport, a highly educated labor force to draw from, and a solid stable of existing tenants make the area one of the premier suburban office landscapes in the DFW Metroplex. Investors are attracted to improving fundamentals, relatively high-quality stock, and the emerging live/work/play environment in the Urban Center.

DOUG CARIGNAN

Executive Vice President

+1 214 979 6141

doug.carignan@cbre.com Lic. 474212

RYAN BUCHANAN

First Vice President

+1 214 979 6164

ryan.buchanan@cbre.com

Lic. 651491

CHELBY SANDERS

Executive Vice President +1 214 979 6125

chelby.sanders@cbre.com Lic. 511451

© 2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

8 | 450 E JOHN CARPENTER
450
RIVERSIDE
DFW AIRPORT WINGREN
W
N. O’CONNER
E JOHN CARPENTER FWY SUBMARKET DOWNTOWN
DALLAS
DR.
DR.
NORTHWEST HWY.
BLVD
450 E JOHN CARPENTER IRVING TX 75062

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