The Glo Building

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Investment Overview

Marcus & Millichap is pleased to exclusively present for sale The Glo Building, located at 3710 Commerce Street, Dallas, Texas. This recently renovated 10,859-square-foot multi-tenant asset features two tenants with staggered lease expirations, offering built-in rollover flexibility. Both leases are structured as triple-net, generating a net operating income of $305,128, with scheduled rent escalations. The subject property also features an on-site parking lot, a rare feature for commercial assets situated in a dense urban environment. The subject property is also positioned within the East Dallas submarket, known for an entertainment and innovation district, featuring a wave of new construction, national credit tenants, and over 900 new apartment units either delivered or under development within walking distance—solidifying its place in one of Dallas’s most vibrant and evolving neighborhoods.

The Dallas–Fort Worth metroplex continues to rank among the most dynamic commercial real estate markets in the nation, driven by robust population growth, corporate migration, and a diversified economy. Home to 24 Fortune 500 headquarters, eight Fortune Global 500 companies, and 49 Fortune 1000 firms, the region has become a magnet for talent and capital. Over the past 12 months, DFW has led the nation in job creation, adding more than 132,000 new jobs, representing a 3.3% annual increase. This economic momentum has fueled demand across all asset classes, particularly in urban infill locations like Deep Ellum, where creative office, retail, and multifamily uses converge. With sustained employment and income growth, investor appetite for centrally located assets is expected to remain strong, bolstered by Dallas’s consistent national ranking as a top relocation market.

Adding to the city’s momentum, Dallas has recently made headlines with the launch of the Texas Stock Exchange (TXSE)—a transformative initiative backed by major Wall Street firms including BlackRock and Citadel Securities. The TXSE is expected to further elevate Dallas’s profile as a national financial hub, attracting institutional capital and reinforcing the city’s appeal to corporate occupiers. As Fortune-ranked companies continue to relocate and expand in the Metroplex, the influx of highincome residents is accelerating demand for housing, retail, and lifestyle-driven commercial space. The Glo Building stands at the center of this economic transformation, offering a compelling, future-ready investment surrounded by the convergence of culture, commerce, and growth.

East Dallas’ iconic late-night and arts district just east of downtown, renowned for its gritty authenticity, deep cultural roots, and eclectic mix of over 400 creative businesses—including galleries, mom-and-pop shops, and national brands. Established in 1873, the neighborhood has long served as a historic hub for music, entrepreneurship, and artistic expression. Today, it thrives as one of Texas’s largest entertainment districts, boasting more than 30 live music venues and a walkable streetscape teeming with dive bars, craft cocktail lounges, breweries, and diverse eateries. Signature events like the Deep Ellum Arts Festival, draw loyal locals and out-of-town visitors alike. As residential density continues to rise alongside significant gentrification and creative momentum, Deep Ellum’s unique blend of culture, nightlife, and community-driven energy cements its place as one of the most desirable and dynamic neighborhoods in Dallas.