Interstate Industrial Business Park, Dallas, TX

Matador acquired this property in September 2022 as an off market opportunity from a local boutique brokerage based in Dallas. This business park, built by the seller's father and held in the family for years, was particularly appealing due to its competitive price per square foot, location, and usage. Following our acquisition, we undertook substantial improvements, including roof replacements and parking lot repaving, which significantly enhanced its value. These enhancements led to an impressive 162% increase in the property’s Net Operating Income (NOI). Despite initial concerns from investors about potential tenant turnover, the vast majority of tenants committed to 3-5 year leases, with only two opting not to renew. The asset is leased to a diverse range of industrial tenants, including those in auto services and sales, retail, advertising, and entertainment.

• Size: 87,315 SF

• Land: 6.00 AC

• Tenant Type: Multi