Executive Summary
Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase 7910 and 7920 Belt Line, an approximate 185,372 square foot, multi-tenant, eleven-story office tower and an approximate 5,458 square foot, single-tenant medical office buliding, located in the stable and walkable Richardson Coit submarket.
At 86.4% occupancy, 7920 Belt Line offers stabilized cash flow, a diverse tenant roster with the largest tenant occupying only 8.5% of the building, and value-add upside via immediate leaseup of vacant suites and mark-to-market opportunities as leases roll 10-20% below market.
Providing historically stable occupancy and increasing rental rates of approximately 30% over the last 8 years, 7920 Belt Line continues increasing NOI by providing large and small tenant configurations with multiple updated lobbies/corridors, particularly as adjacent submarkets continue their upward pressure on rents. Amenities include multiple building conference centers, grab-and-go food service, and adjacent Starbucks and Chipotle quick-serve options appealing to tenants and guests.
Located in the center of Richardson and the surrounding high economic growth of the Dallas MSA, 7920 Belt Line is poised to continue upward trajectory for investors seeking predictable returns with upside and a diverse tenant roster, combined with increasing rental rates and property appreciation supported by strong macro market fundamentals.
Investment Highlights
Photo Gallery
Asset Profile
FRISCO, TEXAS 75034
5757 Main Street
Rentable Square Feet
174,147
Occupancy
87%
ACRES
3.27
190,830 SQUARE FEET
$2.3MM RECENT CAPEX UPGRADES
86.4% OCCUPANCY
EXPIRING Below market rents
20-25%
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PROPERTY VIDEO Executive SUMMARY Investment Highlights PHOTO GALLERY MIGRATION MAP AREA SNAPSHOT Contact Us
7920
BELT LINE
This has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved.
Property Video
No Near Term CapEx
Mechanicals under warranty
95,000 jobs added 2017-2018
Frisco City Hall, Eat/Shop/Play
8.2% increase in population 2016-2017
2015 Delivery
Gearbox Software 99,055 SF Long Lease Term 57% of the project
3rd Place - number of jobs added nationwide
MULTIPLE UPDATED LOBBIES, CORRIDORS & RESTROOMS
Mark Meador
214 706 6046
mark.meador@colliers.com
214 706 6048
johanna.ramirez@colliers.com
949 724 5717
brian.corrigan@colliers.com
214 706 6047
cl.boyd@colliers.com
214 706 6029
creighton.stark@colliers.com
Johanna Ramirez
Brian Corrigan
Chris Boyd
Creighton Stark
EXCLUSIVE MARKETING ADVISORS
ACQUISITION FINANCING ADVISOR
ADJACENT STARBUCKS AND
QUICK-SERVE OPTIONS
WALKABILITY TO NUMEROUS DINING/RETAIL OPTIONS
ACCESS TO PRESTON RIDGE HIKE/BIKE TRAIL
MIGRATION FROM
SURROUNDING SUBMARKETS
PAD-SITE OPTIONALITY
VALUE-ADD INVESTMENT OPPORTUNITY
IN-PLACE CASH FLOW
WITH UPSIDE
IMMEDIATE LEASING
OPPORTUNITIES
MARK-TO-MARKET
(10-20% BELOW MARKET)
STAGGERED
LEASE EXPIRATIONS
INDUSTRY DIVERSITY
Area Snapshot
Migration from Surrounding Submarkets
A value-add opportunity with solid in-place cash flow, upside, walkability and medical-retail pad site
214 706 6045
madeleine.aufricht@colliers.com
Madeleine Aufricht
