The asset & competitive set

Our brief analysis of the Oilwell Supply Building

Advantages

  • High walk score of 94
  • Several nearby amenities: restaurants, hotels and retail/services
  • Unique character —creative spaces in a historic building
  • Compatible to smaller tenants
  • Convenient to Dallas Love Field Airport
  • Highly educated workforce within a 10 mile radius
  • Close to Dart Rail Station
  • 12-minute walk from new North End development—5000 Goldman Sachs employees will add to the energy of the area
  • On-site security
  • New residential development in walking distance
  • Quick and easy access to major highways
  • Planned multifamily development nearby
  • Numerous parking options close to the building

Opportunities

  • Activate building—create more appeal for tenants
  • Give distinction to exterior—make entrance more inviting with facade updates & plants
  • Move current 1st-floor tenant up and lease 1st-floor space to coffee shop/cafe tenant

to increase activity and draw to the property

  • Offer building signage to tenants that qualify
  • Enhance reception/security desk area and put furniture in lobby
  • Add interactive digital building directory with nearby amenities and parking options,

or put up parking information signage that can be updated

  • Put floor plan marketing boards in all vacancies
  • Create portable marketing center
  • Add tasteful window clings or placard Vacancy signage to outside of vacant suites
  • Work with Mesa to make the outdoor area available to all tenants—add seating & shade­
  • Incorporate grab-n-go food market and tenant lounge with free coffee/drinks/snacks
  • Make large space divisible if needed to meet demand
  • Build out more spec suites and agile suites for convenient and quick leasing

— stage furniture to promote move-in ready suites

  • Use simpler 5-page lease with flexible terms for smaller tenants
  • Consider small fitness center
  • Add tenant conference room
  • New lighting throughout— make consistent
  • Clean excess furniture out of vacant suites
  • Focus on retention of current tenants— introduce Avison Young leasing team with email/postcard and drop-off candy/snack gift

Competitive set

Floor plans
Rent roll