Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1971
Building Area
Land Area ()

Property description

901 S. Central (the "Property" or the "Offering") home to the Fossil Headquarters, a five-story, 535,731 square foot office building, located on ~29 acres in the Dallas / Fort Worth Metroplex. The Property is 100% leased to the Fossil Group, Inc. (NASDAQ: FOSL), a Fortune 1000, Texas-based fashion designer and manufacturer founded in 1984, with annual revenue of over $2.2 billion and over 10 years of lease term remaining. Current ownership has invested over $4 million of capital expenditures including elevator and escalator modernization, EMS upgrades, and partial HVAC upgrades along with Fossil’s $1 million investment into the Property to improve the exterior parking and landscaping. In addition to the cash flow stability provided by the long-term Fossil lease, the Offering also includes 9.4 acres of developable land that provides investors with an additional upside opportunity by densifying the site and establishing a mixed-use environment. The offering is a unique covered land play in a rare infill site in one of the most dynamic metros in the country.

Investment highlights

  • 535,731 RSF
  • ~29 Acres
  • 100% Occupied
  • TENANT: Fossil Group (NASDAQ: FOSL)
  • 10.3 Years Remaining Lease Term
  • 4.00/1,000 Parking
Last Updated Date: 26 Aug 2021
Andrew Levy
Andrew Levy
Senior Managing Director, Dallas Office Co-Head
Broker Licenses
LA-BROK.0995686164-ACT TX-0413696
Todd Savage
Todd Savage
Senior Managing Director, Capital Markets
Broker Licenses
TX-0509026

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Last Updated Date: 26 Aug 2021

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