2401 Avenue JArlington, TX 76006

Property Details for 2401 Avenue J

Year built

1978

Lot size

5.53 AC

Property size (Sq ft)

83,655 SF

Property type

Warehouses

Property subtype

Office properties

Description

This exceptional Arlington, Texas, investment opportunity presents a 83,655 square foot, multi-tenant industrial portfolio comprising three buildings: a 39,180 square foot warehouse, a 10,849 square foot flex space, and a 33,626 square foot office building. Currently 90% occupied with 30 tenants under gross leases, the property boasts a strong NOI of $645,064 and a 6.45% cap rate, with a pro-forma NOI of $776,946 and a pro-forma cap rate of 7.77%. Built in 1978 and renovated in 2020, the property features 13 dock-high doors, 2 loading docks, and a 14'7" ceiling height. Situated on a 5.53-acre lot at 2401 Avenue J, Arlington, TX 76006, this Class B property benefits from a prime location, offering easy access to major transportation routes including Interstate 30 and Interstate 360, and proximity to key attractions such as Texas Live, Globe Life Park, AT&T Stadium, Six Flags, and Hurricane Harbor. The property includes abundant parking, a white reflective roof, newly painted walls, vinyl plank flooring, and LED lighting. Rent bumps are set at 4%. This value-add opportunity offers significant upside potential for investors seeking a well-located, income-producing asset in the thriving DFW market. The property is less than 10 miles from DFW Airport.

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.768

Longitude

-97.0674

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