|Last Updated Date||26 May 2020|
150k SF, Class B office building which is 93% leased (80% of the RSF is leased to US Bank).
HFF, L.P., as exclusive advisor, is pleased to offer qualified investors the opportunity to purchase Westpoint I (the “Property”), a 150,019 square foot office building located in the Las Colinas submarket of Dallas / Fort Worth. Constructed in 1998, the Property offers investors a newer vintage asset with its limited deferred maintenance and numerous competitive advantages including structured parking. U.S. Bank (S&P: A+), a tenant since 2001, occupies 79% of the rentable square footage and generates stable investment-grade cash flow. Additionally, upside value creation is available to investors through the mark-to-market of the below market tenant base and the lease up of the remaining vacancy in a submarket that has seen 650,000 square feet of net absorption since July 2018. With a current occupancy of 89% and a weighted average remaining lease term of 5.7 years, Westpoint I provides investors stable cash flow with upside in one of Dallas / Fort Worth’s highest demand submarkets.