Chase Bank | 9401 Lyndon B Johnson Fwy
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Chase Bank 9401 Lyndon B Johnson Fwy
48,869 SF 92% Leased Office Building Dallas, TX 75243 $4,200,000 ($86/SF) 7.14% Cap Rate
Investment Highlights
- Prime Corner: NEC of 635 & Abrahams Rd.
- Great Investment!
- Excellent visibility
- Major Tenant: Chase Bank (Long Term Lease)
Executive Summary
Hard corner located at Abrams & LBJ Fwy
TXDOT LBJ expansion nearing completion which will increase traffic counts (maintained 90+% occupancy during construction)
Anchor tenant Chase Bank (since 1998) with long term lease (6/30/2028)
Refitted LED lighting inside and out (2020)
Excellent building signage
Newly updated flooring, painting & elevators (2022)
Chillers replaced in 2015
Easy Access to LBJ Freeway and North Central Expressway
Below Market Rents
Near Richland College
Key Tenants: Chase Bank (1998), Jackson Hewitt Tax Service (2015), LBJ Pain & Injury (2014)
Possible opportunity to sell the cell rooftop lease
Occupancy: 91.39% (16 out of 19 units lease)
Year 1 NOI
Great Investment Potential
Don’t miss out on this exceptional opportunity!
TXDOT LBJ expansion nearing completion which will increase traffic counts (maintained 90+% occupancy during construction)
Anchor tenant Chase Bank (since 1998) with long term lease (6/30/2028)
Refitted LED lighting inside and out (2020)
Excellent building signage
Newly updated flooring, painting & elevators (2022)
Chillers replaced in 2015
Easy Access to LBJ Freeway and North Central Expressway
Below Market Rents
Near Richland College
Key Tenants: Chase Bank (1998), Jackson Hewitt Tax Service (2015), LBJ Pain & Injury (2014)
Possible opportunity to sell the cell rooftop lease
Occupancy: 91.39% (16 out of 19 units lease)
Year 1 NOI
Great Investment Potential
Don’t miss out on this exceptional opportunity!
Property Facts In Escrow
Sale Type
Investment
Property Type
Office
Building Size
48,869 SF
Building Class
B
Year Built
1984
Price
$4,200,000
Price Per SF
$86
Cap Rate
7.14%
NOI
$300,000
Percent Leased
92%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
12,217 SF
Slab To Slab
12’
Building FAR
0.39
Lot Size
2.87 AC
Zoning
LO1 - Commercial and Business Services
Amenities
- Banking
- Controlled Access
- Property Manager on Site
- Security System
- Central Heating
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
PROPERTY TAXES
| Parcel Number | 00000811111980000 | Improvements Assessment | $2,199,450 |
| Land Assessment | $750,550 | Total Assessment | $2,950,000 |
PROPERTY TAXES
Parcel Number
00000811111980000
Land Assessment
$750,550
Improvements Assessment
$2,199,450
Total Assessment
$2,950,000
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Chase Bank | 9401 Lyndon B Johnson Fwy
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