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IRVING PLAZA | Irving, TX

535 W Airport Frwy, Irving, TX 75062

Irving Plaza

Description

 

Beam Real Estate has been exclusively retained to offer for sale Irving Plaza a 208,000 SqFt retail center located in Irving, Texas. The property sits next to major HWY 183 and O'Connor with Great Visibility. Property Highlights:


1) All Interior finished in 2010 and 2014
2) Signalized hard corner of HWY 183 & O'Connor Rd
3) All leases has yearly rent escalation
4) 5 miles population 218,979
5) 90% occupancy with long leases
6) all rents are NNN lease
7) most leases expire after 2020'
 

Retail Property

Price: $

Gross Leasable Area: 63,684 SF

Price/SF: $

Property Type: Retail

Property Sub-type: Strip Center

Property Use Type: Investment

Cap Rate: 8.15%

Occupancy: 90%

No. Stories: 1

Tenancy: Multiple

Year Built: 1984

Lot Size: 208,000 SF

 

Dock-High Doors/Loading 2

Shadow anchored by India Bazar and Irving Celebration Hall

Irving City is the 13th largest growing city in the State

Irving largest mixed-use development in the Southwest area

Additional Information

The property sits on the Northeast Corner of Northgate & Highway 161.

Northeast quadrant of N. O'Connor Boulevard & SH 183.

Net Operating Income: $497,150

ELAND INVESTMENT