D A L L A S, T E X A S INVESTMENT SUMMARY Industrial 100% Leased 51,222 SF 3.0 years WALT Premier Infill Location ASKING PRICE: $2,850,000 ($55.64 / SF) DENTON DRIVE DISTRIBUTION WAY
EXECUTIVE SUMMARY OFFERING SUMMARY Stream Realty Partners is pleased to present for sale 13910 Distribution Way (the Property ), an infill industrial warehouse comprised of 51,222 square feet along the I-35 E corridor in the Valwood submarket of the Dallas - Fort Worth metroplex. The Property is currently 100% leased to four tenants, providing a blend of national, regional, and local tenants across a diversified range of industries. Investors have the unique opportunity to acquire a well located, highly functional asset at an attractive basis with immediate value creation through mark to market of below market rents. PROPERTY DESCRIPTION Address: Submarket: 13910 Distribution Way Farmers Branch, Texas 75234 Valwood Year Built: 1961 Net Rentable Area: 51,222 square feet INVESTMENT HIGHLIGHTS LAST MILE INFILL LOCATION Demand for infill, light industrial space with easy access to dense, urban population centers has become of critical importance for E-commerce and retail supply chain configurations Located in the N. Stemmons/Valwood industrial submarket, which currently boasts a vacancy rate of less than 5.0% EXCELLENT RENT GROWTH OPPORTUNITY The 51,222 square foot building is in a tranche range not heavily served by new construction Owners of similar product are enjoying significant rental pricing power Investors stand to benefit from future renewals of existing tenants, with in-place rents approximately 20 % under market as well as upside potential from the residual sale FUNCTIONAL, MULTI-TENANT DESIGN Highly functional designs, with specifications including ideal building depths, low office finishes, a high density of dock doors and concrete tilt wall construction DISCOUNT TO REPLACEMENT COST / FUTURE USER SALE POTENTIAL The building is anticipated to trade at a significant discount to replacement cost in an irreplaceable infill location Given the building s cross-dock configuration on a single tenant strategy, the discount to replacement cost and excellent location, the Property lends itself to a user sale should future vacancies arise Land Area: 2.123 acres Occupancy: 100% Loading Doors: Clear Height: 17 Dock High 5 Ramps 14-16 feet Office Finish: +/- 9% ASKING PRICE: $2,850,000 ($55.64 / SF) 2
EXECUTIVE SUMMARY (CONT D) VALWOOD PARKWAY > 195,000 CPD DENTON DRIVE PURCHASE GREEN SUITE 13908 8,000 SF A&M MARINE SUITE 13906 - AB 12,924 SF DISTRIBUTION WAY PATRIOT POWER & COMMUNICATIONS SUITE 13910 - ABC 15,341 SF DUNTOV MOTOR COMPANY SUITE 13906 - C 14,957 SF 100% LEASED AT BELOW MARKET RATES FRONT LOAD/ CROSS DOCK LOADING CONFIGURATION 17 DOCK HIGH LOADING DOORS 14-16 CLEAR HEIGHTS I-35 E VISIBILITY +/- 9% HIGHLY FUNCTIONAL WITH LOW OFFICE FINISH 3
SITE PLAN BUILDING SPECIFICS Loading Docks: Dock-High (17) DISTRIBUTION WAY Loading Ramps: 5 Clear Height: 14' - 16 Sprinklers: Yes Roof: Replaced in 2012 Foundation: Reinforced-Concrete Slab PURCHASE GREEN SUITE 13908 8,000 SF EXP: AUGUST 2020 PATRIOT POWER SUITE 13910 - ABC 15,341 SF EXP: JANUARY 2023 Building Structure: Concrete Tilt-Wall Warehouse floor areas Floor Coverings: have an unpainted smooth concrete finish A&M MARINE SUITE 13906 - AB 12,924 SF DUNTOV MOTOR COMPANY SUITE 13906 - C 14,957 SF Water/Sewer: City of Farmers Branch EXP: MAY 2023 EXP: JULY 2019 Electricity: Deregulated - Submetered to each Tenant suite Natural Gas: Atmos Gas Warehouse Lighting: Fluorescent Lighting Zoning: Planned Development (PD) 4
LOCATION OVERVIEW 121 NORTH STEMMONS - VALWOOD N STEMMONS FWY DENTON DR FLOWER MOUND PLANO 75 DISTRIBUTION WY 114 Addison Airport ADDISON RICHARDSON 190 205 KELLER GRAPEVINE 121 DFW Int l Airport 114 75 GARLAND ROCKWALL 183 161 IRVING Dallas Love Field Airport UNIVERSITY PARK HIGHLAND PARK 205 820 ARLINGTON 360 GRAND PRAIRIE DALLAS 175 MESQUITE 80 20 20 287 20 175 5
EXECUTIVE SUMMARY (CONT D) INVESTMENT SALES TEAM: JAMIE JENNINGS Managing Director 214.267.0452 jjennings@streamrealty.com ANDREW RABINOVICH Senior Financial Analyst 214.560.5111 andrew.rabinovich@streamrealty.com MARKET EXPERT: RYAN BOOZER Senior Vice President 214.210.1414 ryan.boozer@streamrealty.com 6