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±17.29 Acres - Dallas, Texas

Type: Land
Size: 16.29 - 17.29 Acres
Status: Sale
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Property Details

FULLY APPROVED/PRELIMINARY APPROVAL BY THE FOLLOWING
• This ±17.3-acre site supports up to a 233,700-SF building
• Amy Corps of Engineers Approval
• Dallas Floodplain Approval
• Preliminary Plat Approval
• Mitigation Bank Approval
• Preliminary Site Engineering & Site Permits

SITE & DEMOGRAPHICS
The ±17.3-acre site is well-positioned to capitalize on long-term trends in the market. Over the past 12 months, rent has grown 10.5%, and rents are projected to grow another 9% in the next 12-18 months, highlighting the growing demand for industrial product in the area. Recent economic turmoil has had little impact on market vacancy rates, which are currently less than 2% in the submarket of Dallas. The subject property is just east of a 600,000-SF distribution center for The Home Depot. Other major tenants within proximity to the subject development include FedEx Freight, Frito Lay, Louis Vuitton, and GE. The site has quick access to Highway I-30 (125,000 cars per day). The site will also benefit from a strong blue collar labor supply, proximity to Grand Prairie regional airport and DFW Airport, and a central location between Dallas and Fort Worth.