214-294-4439
18601 Lyndon B Johnson Fwy, Mesquite, TX for Sale
Office - FOR SALE
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18601 Lyndon B Johnson Fwy
Mesquite, TX 75150
Greater Mesquite


HIGHLIGHTS

  • Occupancy has remained above 90% for more than 15 years.
  • Currently 97% leased to a diversified base of established tenants.
  • Prominent visibility along Interstate 635 with regional highway access.
  • Recent renovations completed in 2012 and 2024.
  • Long-term tenant relationships support stable in-place income.
  • Potential upside through future lease renewals and rental growth.

OVERVIEW

Town East Tower presents an opportunity to acquire a seven-story office asset positioned along Interstate 635 in Mesquite, one of the primary transportation corridors serving the eastern Dallas-Fort Worth Metroplex. The property has maintained occupancy above 90% for more than 15 years and is currently reported at 97% leased, providing established in-place income supported by a diversified roster of small office tenants. The building's average suite size and long-standing tenant relationships contribute to revenue diversification while creating opportunities for future rental growth through lease renewals. The property's location offers direct visibility and access from LBJ Freeway, with connectivity to IH-30 and US-80, placing tenants within convenient reach of major employment centers, residential communities, retail destinations, and regional transportation routes. Town East Tower benefits from limited competing office inventory in the immediate area, supporting continued demand from professional, medical, and service-oriented users. Recent leasing activity at rates above the property's average in-place rent demonstrates continued tenant demand and provides a foundation for future income growth. Recent capital improvements, combined with the building's established operating history, position the asset as a stabilized investment opportunity within the Dallas-Fort Worth market. The combination of long-term occupancy performance, diversified tenancy, freeway visibility, and access to one of the nation's largest metropolitan economies creates a compelling profile for investors seeking durable cash flow and potential upside through future leasing activity.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town East Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

237

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

C, Mesquite

APN/PARCEL ID

38215600010010000

ASK ABOUT THIS PROPERTY

Tom StrohbehnYounger Partners Dallas, LLCMore Info
214-294-4439

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Tom StrohbehnYounger Partners Dallas, LLCMore Info
214-294-4439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.