14665 Midway Road - Midway Office Park, Addison, TX

Midway Office Park is a two-story office building situated in the heart of Addison, Texas. The property is located between Spring Valley Road and Belt Line Road on Midway Road, a major north-south traffic corridor. The Dallas North Tollway, LBJ Freeway and the President George Bush Turnpike are close to the property and provide easy access to all of the Dallas/Fort Worth metroplex including the Addison Airport, the Dallas/Fort Worth International Airport, and the cities of Frisco, Plano, and Richardson, and the Dallas central business district.

Built in 1977 and well-maintained, Midway Office Park offers tenants ample parking, mature landscaping, high-speed Internet/phone connection with a T1 line and a superior location allowing for great tenant retention. Recent upgrades to the HVAC units and a new roof are two large expenditure items the lender has completed.

Owner/Users: Prices are more favorable to Owner/Users now than they have been in the last 25 years and prices that recently hit lows are starting to recover.

Investors: The property, currently at 65 percent occupancy, offers excellent upside potential.