2855 Trinity Square DrCarrollton, TX 75006

Property Details for 2855 Trinity Square Dr

Year built

1985

Construction

TILT-UP CONCRETE

Lot size

2.21 AC

Property size (Sq ft)

31,752 SF

Zone code

Z123

Property type

Showrooms

APN

14107320010030000

APU

14107320010030000

Description

This exceptional value-add opportunity presents two buildings totaling 31,752 square feet on a 2.214-acre lot in Carrollton, Texas. The Class B property, built in 1985, features a mix of flex, manufacturing, and R&D space, currently 50% occupied with a NNN lease in place. The property boasts 14-foot ceilings, ample parking, a convenient truck court, and easy access to major highways. Located in the desirable Carrollton/Addison submarket of North Dallas, this property offers significant upside potential through lease-up of the vacant space. The two single-story buildings are zoned for light industrial use and offer a versatile layout suitable for a variety of businesses. Each unit is priced at $2,557,500, with a total asking price of $5,115,000, representing $161.09 per square foot. The property's prime location in a built-out submarket, coupled with its existing income stream and potential for increased occupancy, makes it an attractive investment for owner-users or investors seeking a value-add opportunity. The current tenant's lease includes built-in rent increases, further enhancing the investment's long-term value. The property's attractive landscaping and convenient amenities, including ample parking and a truck court, add to its appeal. This is a rare opportunity to acquire a well-located, versatile industrial property in a highly sought-after area of North Dallas.

• CAP approach

  CAP return

  Valuation

  6%

  $11,838,058

  6.5%

  $10,927,439

  7%

  $10,146,907

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,821,716

  Geo Method

  $9,627,410

• Alternative Use

  Use

  Valuation

  Residential

  $9,217,703

  Hospitality

  $8,443,367

  Educational

  $7,024,782

  Medical

  $7,266,375

  Retail

  $10,927,439

Location Insight

City

Carrollton

County

Dallas

State

Texas

Latitude

32.9843

Longitude

-96.8522

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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