15305 Dallas PkwyAddison, TX 75001

Property Details for 15305 Dallas Pkwy

Year built

1997

Construction

FRAME

Lot size

3.00 AC

Property size (Sq ft)

435,696 SF

Zone code

PD

Property type

Office buildings

APN

10005290000019900

APU

10005290000019900

Description

This exceptional Class A office sublease opportunity is located in the Colonnade III building at 15305 Dallas Parkway, Addison, Texas 75001, within Dallas County. The property boasts a total of 407,577 square feet, offering flexible spaces ranging from a minimum of 2,595 square feet to a maximum contiguous area of 26,582 square feet. Currently, 29,177 square feet of vacant, high-quality executive office space is immediately available for lease. The building provides a generous parking ratio of 4 spaces per 1,000 square feet. This prime location enjoys an enviable position at the southwest intersection of the Dallas North Tollway and Arapaho Road, providing unparalleled access to Addison's vibrant retail, dining, and entertainment scene. The Colonnade is an award-winning property known for its luxurious surroundings and unmatched amenities. This sublease presents a unique chance to secure prestigious office space in a highly sought-after location. The available space is ideal for businesses seeking flexible and modern executive office accommodations in a thriving Texas community. The building's multiple tenancy structure ensures a diverse and dynamic work environment. Interested parties should inquire about specific lease terms and available configurations.

• CAP approach

  CAP return

  Valuation

  6%

  $86,484,136

  6.5%

  $79,831,512

  7%

  $74,129,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $62,400,964

  Geo Method

  $52,422,944

• Alternative Use

  Use

  Valuation

  Residential

  $98,991,072

  Hospitality

  $90,675,288

  Educational

  $75,440,776

  Medical

  $78,035,304

  Retail

  $117,352,320

Location Insight

City

Addison

County

Dallas

State

Texas

Latitude

32.9587

Longitude

-96.8224

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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