In this paper, we investigate offloading of UEs in D2D mode for a massive MIMO system, where the base station (BS) is equipped with a large, but finite number of antennas and the total number of UEs is kept fixed. We derive closedform expressions for the bounds of the overall capacity of the system. Our results reveal that there exists an optimal user offload fraction, which maximizes the overall capacity. This fraction is strongly coupled with the network parameters such as the number of antennas at the BS, D2D link distance and the transmit SNR at both the UE and the BS. Given a set of network parameters, careful tuning of the offload fraction can provide up to 5× capacity gains.
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