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8131 Lyndon B Johnson FwyDallas, TX 75240

Class A Office, Dallas, TX - Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A office building, located at 8131 Lyndon B Johnson Fwy in Dallas, Texas, presents a compelling value-add investment opportunity. The eight-story, 228,021-square-foot building, constructed in 1980 and extensively renovated in 2020, boasts a prime location near major transportation arteries, including Highway 75. Currently operating at 63.5% occupancy with 41 tenants, the property offers significant upside potential through lease-up of vacant suites and market-rate rent increases. In-place rents are approximately 24% below market, providing a substantial opportunity for increased net operating income (NOI). The building features modern upgrades, including a renovated lobby, common areas, a conference center, and a tenant lounge, all reflecting a $2 million investment in modernization. The property sits on a 3.36-acre lot within a Mixed Use District 3 zoning, allowing for flexibility. The staggered lease rollover (38% in the next 36 months) allows for strategic rent bumps. The building's prominent location offers excellent signage opportunities along the LBJ Freeway. The current NOI is $1,314,996 based on the existing rent roll. This asset is ideally suited for both investors and owner-users seeking a high-quality, well-located office building with substantial growth potential in a thriving Dallas market, minutes from Downtown Dallas and DFW International Airport. The APN is 0077560E009C00000.

Highlights

  • Best Offer Available
  • Excellent Investment or Owner-User Opportunity
  • High-Visibility LBJ Freeway Signage
  • $1,314,996 Net Operating Income (NOI)
  • Class A Office Building
  • Convenient Location: Minutes to Downtown Dallas, DFW Airport, and Major Suburbs

Property Details for 8131 Lyndon B Johnson Fwy

Property type
Office properties
Square Feet
228,021 SF
Class
A
Year Built/Renovated
1980/2020
Buildings
1
Stories
8
Lot Size (sq. ft)
146,362 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.9257149
Longitude
-96.7656291
8131 Lyndon B Johnson Fwy, Dallas, Texas

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8131 Lyndon B Johnson Fwy
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