"The day it hit the market people were calling me and asking 'do you have 50 more like it?'" Mark Klein, with RE/MAX Premier Commercial in Dallas, who marketed the property, tells GlobeSt.com. Interest in the center told Klein something about the strength of commercial real estate in Dallas' Hispanic community. "The Hispanic market is just fantastic. If I had a dozen of these centers, I could have sold them all at once."
Although it is only 45% leased, the brick and stone retail center lies in the shadow of a fully leased, 108,000-sf Fiesta Mart retail center. National and local tenants include H&R Block and Jefferson Dental.
"The potential income and the upside is very, very good," Klein notes. He estimates full lease up of the property should occur by year's end and could add more than $1 million to the plaza's value.
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