Overview
Cushman & Wakefield’s Capital Markets team is pleased to present to the market 17000 N. Dallas Parkway. 17000 N Dallas Parkway presents a compelling opportunity to acquire a well-positioned, value-add office asset in the heart of the North Dallas office corridor. The 47,310-square-foot, two-story garden office property combines stable in-place cash flow, a diversified tenant base, and recent capital improvements with substantial embedded revenue growth. Benefiting from premier Tollway frontage, exceptional regional accessibility, affluent surrounding demographics, and a proven hands-on management, the Property offers investors a clear pathway to creating value through lease rollover and mark-to-market rent growth while maintaining downside protection through diversified tenancy and institutional‑quality location fundamentals.
Investment Highlights
- The project rent roll and rollover ideally positions the project for a partial user buyer from 5,000 to 25,000 SF
- Opportunity to increase Net Operating Income by approximately 34% from Year 2 to Year 5 through the mark‑to‑market of below-market legacy leases
- Attractive value-add execution strategy with limited capital expenditure requirements
- Flexible floor plans accommodate a broad mix of small and mid-sized businesses
- Opportunity to convert rents to NNN
- Outstanding frontage along the Dallas North Tollway with excellent exposure to daily commuter traffic
- Prominent monument signage opportunity enhances tenant visibility and corporate branding
- Ownership completed comprehensive common area renovations and mechanical system upgrades during 2020-2021
- Surrounded by the affluent residential communities of Preston Trails, Bent Tree, and Bent Tree Country Club
