1700-1724 Parkside Ave. Irving, TX

Written By Isabella Ling

Matador acquired this property in October 2023, leveraging it as a 1031 exchange option for the sale of 1201 Cantrell Sansom Rd., Blue Mound, TX. This transaction was smoothly facilitated by the sophisticated seller, with the property aligning well with our investment strategy. The property offers a solid basis and is projected to yield returns comparable to those of the Cantrell property, had we retained it. Currently, most tenants are paying below-market rents, with leases set to expire in 2024. This timing provides an opportune moment to adjust rents to market levels upon renewal. To enhance the property's appeal, we have undertaken significant improvements, including repainting, which has significantly boosted its attractiveness to both existing and potential tenants. There are currently two vacancies available, both move-in ready.

  • Size: 50,125 SF

  • Land: 1.90 AC

  • Tenant Type: Multi

Isabella Ling
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