$162.50 Per Sq Foot $11,072 est/mo Sourced by Back At You

2701 Hartlee Field Road,Denton, TX 76208

Denton TX, 76208

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Description

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.

Details

MLS#20560346
Listing TypeFor Sale
StyleOffice Building
Sub-TypeResale
StatusActive
Year2004
Days On Site76
Listing Provided ByBriko Realty Services | Joseph Peterson

Features

SQ Feet12,000
Story(s)2
Units1
ZoningMixed Use Commercial/ Residentia
Acreage1.15

Market Activity 76208

All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.

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Listings Checked: 9 minutes ago
StateTX
CountyDenton
CityDenton
Zip Code76208
AreaDenton
Community NameHb Williams
Listing VS Median (in Hb Williams)
Price:
$1,950,000
low | high
Med:
$975,800
99.958974358974% of Average
SqFt:
12,000
low | high
Med:
6,700
94.166666666667% of Average
$ / SqFt:
$163
low | high
Med:
$82
99.648351648352% of Average
On Site:
76
low | high
Med:
67.000000
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 3:12:46 AM PDT