4910-4930 Gordon Smith Dr (For Sale/Lease) - Rowlett, TX

Multi-Tenant Industrial Configuration: ±18,169 SF multi-tenant industrial asset featuring a diversified rent roll that mitigates income concentration risk. Leases are staggered, supporting consistent cash flow and reducing rollover exposure. One ±4,626 SF suite is currently available, presenting immediate lease-up and potential opportunity for near-term value creation.
Below-Market Rents with Contractual Increases: In-place rental rates are materially below current market comparable, providing a clear mark-to-market opportunity upon lease rollover. Existing leases incorporate scheduled annual rent escalations, ensuring built-in NOI growth during the hold period independent of new leasing activity.
Strategic Infill Location with Excellent Regional Connectivity: Positioned with direct access to President George Bush Turnpike (SH-190) and Interstate 30, offering efficient linkage to the broader DFW metroplex. Proximity to key logistics hubs, ±35 minutes to DFW International Airport and ±25 minutes to Dallas Love Field enhances tenant appeal. The surrounding submarket is characterized by strong industrial demand drivers and limited new construction, supporting sustained rent growth and occupancy stability.
Compelling Basis Relative to Market and Replacement Cost: Acquisition at a price-per-square-foot below both estimated replacement cost and recent comparable sales. This advantageous basis offers immediate intrinsic value, reduces downside exposure in a softening market, and positions the asset for long-term capital appreciation.
Expenses Reimbursement (Tenant Pays Pro-Rata Share Increases Over Base Year): Real estate taxes, insurance premiums, operating expenses.
Direct Pay Expenses (Tenant Pays Provider Directly): All utilities; e.g., electricity, cable, gas, internet access, water.
Landlord Responsibilities: Roof, structure, base year tax/insurance.
Other Noteworthy Items: New roof/HVAC on all sites ±6 years ago; 4910 is getting fresh paint and other improvements.

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Patrick Graham