For Lease
Space 315
-
Time on Market
over 6 years
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Space ID
589655
Space 310
-
Time on Market
over 6 years
-
Space ID
420420
Space 215
-
Time on Market
over 6 years
-
Space ID
1350014
Space 117
-
Time on Market
over 6 years
-
Space ID
1584418
Space 205
-
Time on Market
over 6 years
-
Space ID
1350013
Space 319
-
Time on Market
over 6 years
-
Space ID
1253883
Space 304
-
Time on Market
over 6 years
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Space ID
420422
Space 309
-
Time on Market
over 6 years
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Space ID
420417
Space 210
-
Time on Market
over 6 years
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Space ID
1350012
Space 400
-
Time on Market
over 6 years
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Space ID
544156
Property Details
Colliers International has been exclusively retained to offer qualified investors the opportunity to purchase Two Mission Plaza a 77,987 square foot office asset located in Richardson, Texas. This attractive four-story multi-tenant office building was built in 1980 of high-quality construction and is prominently situated in the northern suburbs of Dallas, Texas. This building sits on 5.11 acres within the Richardson/Plano submarket and is in close proximity to US 75, SH 121, I-635 and SH 190 offering direct and easy access to all parts of North Dallas. This offering will provide investors a value-add opportunity while offering in place cash flow. The building is surrounded by many new, high end developments including retail and restaurants and offers a well-established tenant base including a complimentary mix of professional tenants with staggered lease turnovers. This provides a potential investor with incredible value-add opportunity delivering upside potential, while offering a stable property with excellent cash flow, making this an excellent investment opportunity.
The subject property is located at 1202 Richardson Drive in the thriving city of Richardson, Texas, and positioned in a highly desirable location, providing a dense population corridor. Two Mission Park is situated in a strong, growing submarket of Dallas / Fort Worth, with persistent growth and construction in the immediate vicinity. Continued development of retail and restaurants along with new housing is causing rents to increase steadily over the years. A growing job market and population has spurred rapid development in Dallas’ northern suburbs.
The property is strategically located in the Dallas-Fort Worth Metroplex, by population, the largest metropolitan area in Texas, the largest in the South, and the fourth largest in the United States. Dallas / Fort Worth has been among national leaders in corporate relocation, with 72 major companies moving there since 2010. Dallas-Fort Worth is currently leading the job market among the nation’s largest metropolitan areas, with a growth rate of 4.8 percent, while unemployment, at 3.7 percent, is safely below the national average.
Two Mission Plaza is an excellent prospect for potential investors offering a stable property with some value-add opportunity delivering upside potential. The property’s design and location has been key attributes which have attracted and kept quality tenants as its occupants. Texas is an income tax-free state, providing additional benefits for investment.
Attractive 77,987 SF Office Investment Property
Complimentary Mix of Tenants - Staggered Lease Turnovers
Value Add Opportunity Offering Upside Potential
Over $550,000 in Recent Renovations
Stable Property with Ecellent Cash Flow
Prominently Located in the Affluent Suburbs of Northern Dallas
- Property TypeOffice
- Submarket
- Year Built1982
- Total Building Size77,484RSF
- Total Acres1.79
- Total Available35,799RSF
- Number of Floors4
- Largest Contiguous15,128RSF
- Building ClassB
- ZoningO
- Last updatedDec 30, 2020
- Property ID247006