1103 – 1109 Airport Circle, Euless, Texas
7 Building Industrial Park
50,112 square feet
Acquired March 2016
Location: Euless, which is a town of 54,000 residents located within Mid-Cities, the 30-mile span of suburban cities located between Dallas and Fort Worth, which consists of Irving, Arlington, Grand Prairie and multiple other smaller cities. The larger Euless area, known as HEB, an acronym for Hurst, Euless and Bedford, which is directly proximate to the DFW Airport and is centrally located within the greater Dallas metroplex.
Strategy: Infill value add. The property has maintained 100% occupancy since acquisition. Over 60% of the tenants have been renewed and retained with average rental increases of 12%.