A high-rise office building in Dallas that is up for grabs could soon result in a new price point for other similar properties in the city.
The 2000 McKinney high-rise is twenty-one stories tall and was built nine years ago. Rentals have been brisk, and it has been leased nearly to capacity, containing several large businesses including Benchmark Title, Texas national Bank, and Lincoln Property Co. The building is now being offered for sale, and so far, the numbers indicate that it could reach a price of as much as $500 per square foot. According to area real estate brokers, this would be a new high for the city.
The price tag for the tower could be as high as $225 million, which would put it at an even higher price point than another nearby office building that sold for $450 a square foot last year.
Located across from the Ritz Carton Hotel and adjacent to Klyde Warren Park, the 2000 McKinney high rise is currently owned by Lincoln Property and a group of foreign investors. It is within walking distance to many local amenities, including restaurants the arts district and more. Brochures can be designed by a printer to help promote offices spaces such as this to both potential tenants and buyers alike.
Further details about the building have been made available online on the Lincoln Property Company’s website.Get a Free Quote for Brochures
Location
12640 E. NW Hwy.
Suite 413
Dallas, TX 75228
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Phone
Hours
Mon: 8:30 - 5:00
Tue: 8:30 - 5:00
Wed: 8:30 - 5:00
Thu: 8:30 - 5:00
Fri: 8:30 - 5:00
Sat: Closed
Sun: Closed