8500 & 8600 Sovereign Row
59,082 SF | Vacant | Industrial Building | Dallas, TX 75247 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Industrial
Listing Contacts
Cameron Deptula
Verified Profile
- Property Info
Property Overview
Davidson & Bogel Real Estate, as exclusive advisor, is pleased to present to qualified purchasers the rare opportunity to acquire 8500 & 8600 Sovereign Row (the “Property”), a 59,082 SF shallow bay industrial building located within the Brookhollow industrial submarket of Dallas. Currently, the Property is 100% vacant as of February 2024, ideal for an owner / users seeking a strategic Brookhollow asset. Ownership recently completed a new roof, lighting updates and other cosmetic repairs, limiting major capital expenditures for new ownership.
Strategically positioned within one of the most coveted infill industrial markets, prospective purchasers have a unique opportunity to enter this high-barrier and high-growth market. As the leading industrial market in the country, the DFW Metroplex is experiencing rapid rent growth and stabilized occupancies north of 95%. The irreplaceable location offers unmatched connectivity to over 7 million people, in addition to DFW’s primary commercial and residential hubs. More importantly, the properties enjoy access to major transportation arteries such as Interstate 35E, Highway 114, and Highway 183.
The Property, at nearly 60,000 SF, is one of the largest privately-owned assets remaining in Brookhollow. The building caters to one of the largest pools of tenants, the light distribution user seeking sub 75,000 SF suites. The expanded tenant base looking for under 50,000 SF spaces, historically low occupancy rates, and lack of inventory provide new ownership with a special value-add investment that can be repositioned immediately.
Strategically positioned within one of the most coveted infill industrial markets, prospective purchasers have a unique opportunity to enter this high-barrier and high-growth market. As the leading industrial market in the country, the DFW Metroplex is experiencing rapid rent growth and stabilized occupancies north of 95%. The irreplaceable location offers unmatched connectivity to over 7 million people, in addition to DFW’s primary commercial and residential hubs. More importantly, the properties enjoy access to major transportation arteries such as Interstate 35E, Highway 114, and Highway 183.
The Property, at nearly 60,000 SF, is one of the largest privately-owned assets remaining in Brookhollow. The building caters to one of the largest pools of tenants, the light distribution user seeking sub 75,000 SF suites. The expanded tenant base looking for under 50,000 SF spaces, historically low occupancy rates, and lack of inventory provide new ownership with a special value-add investment that can be repositioned immediately.
Property Details
- Class
- B
- Year Built
- 1955
- Stories
- 1
- Property Subtype
- Distribution, Manufacturing
- Lot Size (sq. ft)
- 114,127 SF
Highlights
- 100% vacant as of February 1, 2024, the Property is perfect for investors and/or an owner-user
- Ownership recently completed a brand-new roof on the entire building, interior LED lighting as well as other cosmetic repairs.
- Unmatched location within the coveted Brookhollow Industrial submarket, one of the most attractive industrial markets in the nation.
- The Property boasts three (3) suites totaling 34,940 SF, 7,842 SF and 16,300 SF.
- The Property is fully sprinklered, offers heavy power, and has +/- 7 dock-high doors, +/- 2 ramps and one grade-level door.
- Unbeatable Brookhollow location with convenient access to I-35E & Highway 114
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