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5000 South Bowen

5000 South Bowen

Property Name:5000 South Bowen
Location: Arlington, Texas
Description:

5000 South Bowen, located in Arlington, Texas,
is 100 percent leased to a single tenant until 2013. Strong upward pressure on data center rents presents an opportunity to enhance the net operating income of the current tenancy upon renewal or retenancy.

Additional opportunity lies in the potential development of approximately 14 acres of the property for either residential or commercial use.

This asset is an 87,000-square-foot data center and approximately 14 acres of developable land for a total of about 70 acres. The data center, built in 1975, is designed to withstand a category F5 tornado.

The current tenant has upgraded the infrastructure
and data center capabilities, making the property
comparable to other top-tier data centers in the
Dallas-Fort Worth area. The campus features rolling terrain and an abundance of trees that provide aesthetic appeal.

The slated extension of a road north of the property will form a commercial corner that is expected to enhance the site’s development potential.

The property is located south of Interstate 20, which is situated between Dallas and Fort Worth, and is within proximity of a workforce of more than
2 million people.

Property Highlights:

  • High-quality data center located in Arlington
  • Total asset encompasses 69.59 acres
  • Substantial amounts of power and fiber-optic connectivity available
  • Easy access to Interstate 20, Rangers Ballpark in Arlington, the University of Texas at Arlington, and the new Dallas Cowboys stadium to be completed by 2009
Year Built: 1975
Asset Size:87,000 sq. ft. data center
14 acres developable land
69.59 acres total
Acquisition Date:April 2007
Investment of
Behringer Harvard
Fund(s):
Opportunity REIT I, Inc.

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