1250 Mockingbird | For Sale

Younger Partners, as exclusive advisor, is pleased to present 1250 Mockingbird, a 6-story, 118,000 square-foot office asset that is situated at the epicenter of the West Love / Medical District Submarket. Located within the Opportunity Zone 2.0, the Property is proximate to the primary campuses for UT Southwestern, Parkland Hospital and Children’s Medical, which have driven major leasing requirements in the area. Additionally, the building is a short distance from Dallas Love Field Airport and the Park Cities via Mockingbird Lane and has direct connectivity to Uptown, the CBD and D/FW International Airport via Interstate Highway 35.

1250 Mockingbird is benefited by recent renovations, tenancy that is closely tied to the location and discounted rental rates relative to comparable assets in neighboring submarkets. With more than $1.4 million recently invested in the building, 1250 Mockingbird is currently 93% occupied. The majority the building is leased to medical, state / municipal and Fortune 500 tenants with a WALT of 3.75 years and no near-term lease rollover. Combined, these attributes provide investors stable cash flow and significant upside potential that can be realized through the continued lease-up of the small vacancies and mark-to-market renewals.

In addition to strong in-place cash flow and continued leasing potential, the underlying 4.4-acre site presents a rare long-term development opportunity in one of Dallas’ most desirable corridors. An “edge of the district’ opportunity, The Medical District is one of the most active institutional infrastructure investment zones in North Texas. The area is transitioning from a pure hospital cluster into a mixed-use innovation district with growing demand for residential, retail and lifestyle
developments.