Texas Lone Star, REALTORS
Property Details
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Kathy Frazier, CRS
Texas Lone Star, REALTORS
License number: 0153356
phone: 972-896-7620
mobile: 972-896-7620
office: 972-264-0303
fax: (972) 767-1641
texaslonestarre­altors.com

3200 So. Carrier Pkwy. Ste#101
Grand Prairie, Texas 75052, United States
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2701 Hartlee Field Road, Denton, Texas 76208, USA
List Price: $1,950,000
Sale price per sqm: 1,749.14 $
Status: ACT
MLS#: 20560346
Property type: Commercial for sale, Office
Property Size: 12,000 sqft (1,114.8 m2)
Land size: 1.15 sqft (0.11 m2)
Building Size: 12,000 sqft (1,114.8 m2)
Property Details
2004 Year Built:
Metal Construction:
Resale Condition:
Carpet, concrete Floors:
Pre-Wired Security Features:
Well Utilities:
Central, Electric Heating System:
Central Cooling System:
On Slab Basement and Foundation:
Metal Roofing:
Remarks
Great investment property occupied by a fortune 500 company with a long term graduated term lease. Cap rate average is 6% and NOI averages $117,000 yearly, both of which will increase as lease amount increases over next 3 years. Located on the North side of Denton off of Loop 288 and Hwy 428 in a high growth area. This is a class B office building featuring 12,000 sq ft, reception area, training room, break room, gym with basketball court, open bull pen spaces, large conference rooms and private office. This property also includes 3 efficiency apartments with stable tenants. Property sits on 1.15 acres with ample parking. Long term tenant in place with a graduated lease through 2027.


Listing by: Briko Realty Services

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