COLLEYVILLE BUSINESS CENTER, COLLEYVILLE, TX 76043
For Sale
$6,010,193
 1900 & 1904 Industrial Blvd, Colleyville, TX27,033 SF Multi-Tenant Flex | $6,010,193 | Colleyville, TX (DFW) |  1900 & 1904 Industrial Blvd, Colleyville, TX27,033 SF Multi-Tenant Flex | $6,010,193 | Colleyville, TX (DFW) |  1900 & 1904 Industrial Blvd, Colleyville, TX27,033 SF Multi-Tenant Flex | $6,010,193 | Colleyville, TX (DFW) |
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 1900 & 1904 Industrial Blvd, Colleyville, TX27,033 SF Multi-Tenant Flex | $6,010,193 | Colleyville, TX (DFW) |  1900 & 1904 Industrial Blvd, Colleyville, TX27,033 SF Multi-Tenant Flex | $6,010,193 | Colleyville, TX (DFW) |  1900 & 1904 Industrial Blvd, Colleyville, TX27,033 SF Multi-Tenant Flex | $6,010,193 | Colleyville, TX (DFW) |
 1900 & 1904 Industrial Blvd, Colleyville, TX27,033 SF Multi-Tenant Flex | $6,010,193 | Colleyville, TX (DFW) |
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PROPERTY INFORMATION
Price: Call for pricing information
Lot Size: ±5.5 Acres & ±1.7 Acres
Property Type: Land
Zoning: "E" Neighborhood Commercial
Building Size: N/A
Property Sub-Type: Retail (Land)
HIGHLIGHTS
•100% Leased Flex Asset Located in the Prestigious Submarket of Colleyville, Texas (DFW)
•27,033 SF Multi-Tenant Property with Ideal 1,802 SF Average Suite Size
•All Tenants Have Triple Net Leases with Annual Rent Increases
•Built in 2000 with Tilt-Wall Construction and 18’ Clear Height
•3.2/1,000 SF Parking Ratio with Concrete Parking Lot
•All Suites have 8’ X 14’ Grade Level Doors
•3-Phase Power and 100% Fire Sprinklered
•Zoned “ML” Light Manufacturing and Positioned on Two Acres of Land
•More than $209,000 Annual Average Household Income Within 1-Mile Radius
•95%+ Submarket Occupancy with 9.3% Annual Rent Growth in 2022
•$678,000+ Median Home Value within One Mile Radius
•Just 10 Minutes West of DFW International Airport
PROPERTY DESCRIPTION
CONTACT
Ty Underwood
SLJ Company, LLC
(214) 520-8818 ext. 4
Colleyville Business Center is a 27,033 square foot multi-tenant flex asset located in the heart of Colleyville, Texas. Positioned just off bustling Colleyville Blvd. (Hwy 26) at 1900 & 1904 Industrial Blvd., the Property is just 10 minutes west of DFW International Airport, 30 minutes east of Downtown Fort Worth and 30 minutes west of Downtown Dallas.
Built in 2000, Colleyville Business Center offers the rare combination of a high-quality multi-tenant flex property positioned in the affluent Colleyville submarket which has median home values over $678,000. Average annual household income exceeds $209,000 within a one-mile radius of the Property and there are few similar competing properties. As a testament to the submarket, flex vacancy rates average 4.1% with rent growth of 9.3% in 2022, according to CoStar. Also, there is almost no available land zoned to build similar product thus maintaining a favorable supply/demand balance for the foreseeable future.
Strategically located just off Colleyville Blvd. which boasts a traffic count of over 34,000 vehicles per day, Colleyville Business Center is one of the few properties in this prominent submarket that offers small office/warehouse suites that average 1,802 square feet. The tenants that occupy the Property are primarily service oriented businesses with clientele in the surrounding neighborhoods.
Rents at Colleyville Business Center are below the market average and far lower than retail space in the submarket. The average rents at Colleyville Business Center are $14.62 per square foot compared to competing properties with asking rent ranging from $14.50 to $16.00 per square foot NNN. Also, retail rents in the submarket average over $29 per square foot NNN.
Colleyville Business Center benefits from Colleyville, Texas’ affluent demographics and strategic location in the heart of the Dallas/Fort Worth market. The growth of Colleyville and the surrounding area have been spurred by high quality schools, attractively priced housing, and low tax rates. With a total population within three and five-mile radii of the Property over 68,200 and 214,900, respectively, Colleyville Business Center enjoys a dense population of consumers surrounding the Property.