G ATEWAY T OWER
DALLAS, TX
O FFERING S UMMARY
LOCATION, LOCATION, LOCATION
HIGH PROFILE LANDMARK OFFICE BUILDING
CENTRAL EXPRESSWAY AND LBJ FREEWAY PROMINENCE
CLASS A AMENITIES
COST EFFECTIVE OCCUPANCY
SECURE IN-PLACE OCCUPANCY
2 YEAR WEIGHTED AVERAGE LEASE TERM
NOTABLE TENANCY (LOCAL, REGIONAL & NATIONAL)
SMALL, SECOND GENERATION OFFICE BUILD OUTS
VALUE ENHANCEMENT
51% OCCUPANCY WITH BELOW MARKET RENTS
SMALL VACANCY C ATERING TO MOST ACTIVE TENANT SEGMENT
LEASING AND MARK-TO-MARKET RENEWAL OPPORTUNITIES
INSTITUTIONAL MINDSET
LIMITED C APITAL - $675K INVESTED SINCE 2019
FULL SUITE OF TOP TIER SHARED AMENITIES
EXTENSIVE RENOVATION AND MODERNIZATION
I NVESTMENT P ROFILE
AMENITY-RICH LOCATION
CENTRALLY LOCATED TO VIBRANT NORTH DALLAS SKILLED WORKFORCE, MAJOR EMPLOYERS AND DECISION MAKERS ACCESS TO AMENITIES
FREEWAY FRONTAGE ON LBJ FREEWAY AND CENTRAL EXPRESSWAY
WHY DALLAS
2023 - #2 MARKET FOR REAL ESTATE (ULI / PWC) #1 MSA FOR PROJECTED POPULATION GROWTH #1 MARKET FOR DOING BUSINESS (18 STRAIGHT YEARS)
DFW: TOP MARKET FOR INVESTMENT
POPULATION OF 8.1 MILLION WITH 328 NEW RESIDENTS DAILY 431,637 PROJECTED NEW RESIDENTS BY 2027 239,600 NEW JOBS (2021-2022)
ECONOMIC DIVERSIFICATION
NO SECTOR OF THE DFW ECONOMY ACCOUNTS FOR MORE THAN 20% OF EMPLOYMENT 24 FORTUNE 500 COMPANIES C ALL DFW HOME
M ARKET H
IGHLIGHTS
I NVESTMENT O PPORTUNITY
Younger Partners is pleased to offer qualified investors the opportunity to purchase Gateway Tower (Property), a renovated mid-rise office asset at the high profile interchange of IH-635 (LBJ Freeway) and US-75 (Central Expressway). The prominent, fifteen-story office building offers an immediate opportunity to increase revenue through leasing of available suites and mark-to-market rental rate increases via staggered rollover. At 51% occupancy, Gateway Tower benefits from a diverse mix of tenant industries and in-place cash flow. With in-place rents averaging 15% below market, the offering presents a rare opportunity to acquire a renovated office building with all the bells and whistles and current cash flow with mark-to-market rents on 58% rollover in the next 36 months.
Positioned to capture tenant demand as a result of increased rates in the lower segment of the Dallas North Tollway, neighboring Central Expressway and Richardson / Plano office markets, Gateway Tower offers modern upgrades with high-quality finishes, floor plates that allow flexible leasing configurations and easy access to transportation. Additionally, the property’s central location presents unsurpassed accessibility and connectivity to the Dallas/Fort Worth Metroplex and the adjacent neighborhoods which provide abundant executive and work force housing.
Current ownership has invested almost $675,000 in recent years to modernize the building and add amenities that include conference center, tenant lounge, fitness center, grab-and-go and renovated lobby,
With over 11.5 million square feet of retail in a 3-mile radius, the Property’s location enables users to access an assortment of retail from the Galleria, Preston & Forest, and Preston & Royal intersections. Boasting 280,000 vehicles per day, the LBJ Freeway is the center thoroughfare of the Metroplex and provides easy access to Love Field, Addison Airport and DFW International Airport. The LBJ office market has long been a desired location for tenants given its position along the regions primary East-West throughfare. With the Dallas metropolitan area ranked #1 by Kastle Systems “Back to Work” metrics, Crosspoint Atrium is poised to outpace the competition!
57,000 FAMILY HOUSEHOLDS
7,000 HOTEL ROOMS
$446,000 MEDIAN HOME VALUE
13,000 BUSINESSES
$103,487 AVG HOUSEHOLD INCOME
138,000 DAYTIME EMPLOYMENT POPULATION
120 + DINING OPTIONS
A SSET P ROFILE O CCUPANCY 51% Y EAR B UILT 1982 A DDRESS 8111 LBJ F REEWAY - DALLAS , TX 75251 S IZE 266,412 SF PARKING C APACITY 3 / 1,000 A REA F UNDAMENTALS *
MULTI-FAMILY
39,000
UNITS
*4 mile radius
FOR ADDITIONAL BUILDING INFORMATION - PLEASE CONTACT: TOM STROHBEHN, CCIM SCOT C. FARBER, CCIM TEL: 214.294.4439 TEL: 214.294.4438 TOM.STROHBEHN@YOUNGERPARTNERS.COM SCOT.FARBER@YOUNGERPARTNERS.COM Enclosed with this Investment Offering Summary is a Confidentiality Agreement relating to the Property. If you are interested in receiving a full Offering Memorandum, please sign and return the Confidentiality Agreement to the exclusive agents listed above. The information contained herein was obtained from sources believed reliable; however, Younger Partners makes no guarantees, warranties or representations as to the completeness of accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or withdrawal notice.
CONFIDENTIALITY STATEMENT
Gateway Tower
Dallas, TX 75251
Please return to:
tom.strohbehn@youngerpartners.com
Attn: Tom Strohbehn, CCIM
The undersigned has been advised that Younger Partners has been retained on an exclusive basis by the Owner with respect to the offering for sale of 8111 LBJ Freeway – Dallas, TX 75251 (the “Property”). The Owner has indicated that all inquiries and communications with respect to the contemplated sale of such Property be directed to Younger Partners. The undersigned hereby acknowledges that it is a principal or an investment advisor in connection with the possible acquisition of the Property.
The Owner has available for review certain information (“Confidential Information”) concerning the Property. On behalf of the Owner, Younger Partners may make such Confidential Information available to the undersigned upon execution of this Confidentiality Statement. The Confidential Information is intended solely for your own limited use in considering whether to pursue negotiations to acquire the Property. This is not an agreement to sell the Property nor an offer of sale. No agreement binding upon the Owner of the Property, or any of its associated or affiliated companies, shall be deemed to exist, at law or equity, until the Owner of the Property enters into a formal binding agreement of sale.
The Confidential Information contains brief, selected information pertaining to the business and affairs of the Owner, and has been prepared by Owner and Younger Partners, primarily from information supplied by the Owner of the Owner’s agent. It does not purport to be all inclusive or to contain all the information which a prospective purchaser may desire. Neither Younger Partners, the Owner nor the Owner’s Lender make any representation or warranty, expressed or implied, as to the accuracy or completeness of the Confidential Information and no legal liability is assumed or to be implied with respect thereto.
By executing this Confidentiality Statement you agree that the Information provided is confidential, that you will hold and treat it in the strictest of confidence, and that you will not disclose or permit anyone else to disclose the Information to any person, firm or entity without prior written authorization of the Owner and Younger Partners except that the information may be disclosed to your partners, employees, legal counsel and lenders or pursuant to a court order. Owner expressly reserves the right in its sole discretion to reject any or all proposals or expressions or interest in the property and to terminate discussions with any party at negotiations you hereby agree to return the Confidential Information to Younger Partners.
ON BEHALF OF PROSPECTIVE PURCHASER: CO-BROKER (If Any):
Company: Company: Address: Address: City, State, Zip: City, State, Zip:
Telephone: Telephone: Email: Email: By: By: Its: Its:
Date: Date:
Signature: Signature:
Younger Partners
14643 Dallas Parkway – Suite 950. Dallas, TX 75254
