8700 Stemmons | Sale

Younger Partners, as exclusive advisor, is pleased to present to qualified investors the opportunity bid in the auction to acquire the 100% fee-simple interest in 8700 Stemmons (“Property”). Built in 1972, the four-story office asset offers a commanding presence in the revitalized West Love Field area. A significant land site on IH-35 (Stemmons Freeway), the Property offers an unmatched long term development opportunity (8.93 acres) to compliment the returns of a low basis office acquisition.

The West Love Field submarket’s adjacency to both the medical and design districts is a notable driver in the current rebranding of the area. Years of speculation and hope have turned into a growing reality of new and announced developments that will alter the surroundings in the next few years.

8700 Stemmons is 71% leased to a small roster of tenants that provide substantial cash flow and short term WALT. As a result, the offering presents a truly unique opportunity to acquire a development site with near term cash flow that should provide a significant return. Over 50% of the leased space is utilized by the State of Texas on a lease that runs through the end of 2027. Depending upon the investment objectives, a buyer can continue operating the building at a return level well above market or begin work to vacate the
building with an eye toward redevelopment.