3100 O'connor RdIrving, TX 75062

Property Details for 3100 O'connor Rd

Year built

2001

Property size (Sq ft)

5,020 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional 5,020 square foot medical and traditional office building presents a compelling net lease investment opportunity in Irving, Texas. Located at 3100 N O'Connor Rd, this single-story, Class B property boasts a prime location in the desirable Las Colinas area, offering excellent visibility and accessibility. Built in 2001 and extensively renovated in 2022, the building features two units currently occupied at 100% occupancy, with a multi-tenant lease structure providing diversification and stability. The property includes 23 parking spaces and sits on a 21,998 square foot lot, zoned for Commercial-Professional Office use. The current lease term extends until November 30, 2025, with a remaining term of approximately one year and built-in 10% rent bumps. The property's strong financial performance is highlighted by a current NOI of $70,524, resulting in a 5.45% cap rate. Detailed financial statements, lease agreements, and building plans are available upon request. This is a rare opportunity to acquire a high-quality, fully occupied medical office building in a thriving market with significant upside potential. The asking price is $1,294,000, translating to $257.77 per square foot. The property's strong tenant base, favorable lease terms, and recent renovations make it an ideal investment for discerning buyers seeking a stable and appreciating asset. The property's location in Dallas County, Texas, offers easy access to major transportation arteries and a robust local economy.

Location Insight

City

Irving

County

Dallas

State

Texas

Latitude

32.8471

Longitude

-96.9501

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