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Property Detail

Elmbrook Drive
45,000-SF Class B office, 100% occupied through January 2025 .
$357,000

Description

  • 45,000-SF Class B office, 100% occupied through January 2025, has undergone extensive recent capital improvements, ideal for a new user or investor.
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  • Near operations for medical and government tenants, including the FBI, DEA, Dallas County Government, UT Southwestern, and Parkland Hospital.
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  • Property will be occupied by the current owner until January 31st 2025, with 6,911 SF on the first floor leased separately through 2029.
  • Situated at W Mockingbird Lane and I-35E, the office is accessible to the greater DFW via Highways 183 and 114 and the Love Field and DFW airports.
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  • Supported by a well-educated workforce pipeline, including a 5-mile population of more than 304,000 and daytime employment of 357,000.

Executive Summary

MedCore Partners is pleased to exclusively offer for sale 8267 Elmbrook Drive, a two-story, 45,000-square-foot administrative service and general commercial office. Featuring extensive renovations, this property offers prime, move-in-ready real estate for an owner/user or for a fantastic value-add investment opportunity.

Initially built in 1970, 8267 Elmbrook Drive underwent full renovations in 2019 and 2022, currently providing a wealth of modern features and updated interiors. Offices are segmented into versatile private and collaborative spaces surrounding a broad, open layout space equipped for a high number of workstations. The office’s bright lobby includes a sitting area and a full reception desk, while a large breakroom provides a complete kitchen and abundant seating. The office is situated on a 2.12-acre commercially zoned parcel with multiple points of ingress and a 3.30 parking ratio for a total of 175 surface spaces.
8267 Elmbrook Drive allows a new owner to collect in-place income while growing into this beautiful space. The property has been the home of the current owner's businesses for many years. The businesses have outgrown the space and will be moving out on January 31st, 2025. The new owner will be paid for a full month. This move opens up 32,771 square feet that can be immediately occupied in February 2025. The remaining tenant occupies 6,911 square feet on the first floor through December 2029. The lease includes an early termination clause which can allow a new owner to occupy the full property.

Access to major DFW destinations and quality urban amenities enhance 8267 Elmbrook Drive’s first-rate location. The office is ideally located at W Mockingbird Lane and Stemmons Freeway (35E), close to downtown and uptown Dallas and the central business districts. The convenient location provides easy access to/from Dallas Love Field Airport and Highways 183 and 114, with connections to the DFW International Airport. It sits less than a mile from the Harry Hines Boulevard commercial corridor, which hosts numerous influential medical and government tenants, including the FBI, DEA, Dallas County Government, UT Southwestern, and Parkland Hospital. The surrounding area is well-supported by dozens of national retail brands, popular local restaurants, major flag hotels, and recreation opportunities such as the Brook Hollow and Irving Golf Clubs.

Sitting approximately 7 miles northwest of Downtown Dallas, the Love Field/West Denver neighborhood is a vibrant destination perfectly suited to growing corporate tenants. The area comprises a dense series of industrial operations, corporate offices, and quality residential neighborhoods bridging both sides of the Trinity River. Easy access to the region's principal arterials and critical job centers has made the neighborhood a popular destination for commuting professionals. Within 5 miles of 8267 Elmbrook Drive, the population of more than 304,000 has grown by almost 5% since 2020, delivering a daytime employment of over 357,000. Residents are well educated, with 46% carrying bachelor’s degrees or higher and over 87% working in service-producing industries. New businesses at the property can leverage this exceptional workforce pipeline to quickly secure qualified new talent to grow their operations.

Value-Add Office Near I-35E and Love Field

Listing ID : 00538

SKU: 538

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Price History

DateEventPrice
December 2 2024Listed$357,000.00