1700 Shady Oaks Drive

    Denton, TX 76205
    • $3,850,000
    • STATUS: Active Under Contract
    • ON SITE: 32 days
    • MLS #: 14027515
    Under Contract
    UPDATED: 50 min ago
    $3,850,000
    • 0
      BEDS
    • 4.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1953
    County:

    School Ratings & Info

    Offered by Christopher Miller of Dave Perry Miller Real Estate.

    Description

    Shady Oaks Industrial Park offers almost 88,000 square feet, in 9 demised units, on 4.5 acres. 2018 occupancy was near 90% with an NOI over $250,000. There is currently 1 vacant non-leased space available (9,000 SF), and one recent down unit due to a fire. Shady Oaks is located in the middle of Denton's prime industrial area with great access to transportation. A mix of long term tenants and new leases, the asset offers an investor a strategic well performing property. The property has good drive-up appeal and current management has knowledge of existing, as well as, future potential upside.

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    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices PenFed Realty Texas. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty Texas are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-03-25T06:41:00.037.
    www.rhodesteamtexas.com/homes/92005547

    1700 Shady Oaks Drive Denton, TX 76205

    • Price: $3,850,000
    • Status: Active Under Contract
    • Updated: 50 min ago
    • MLS #: 14027515
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.49
    Acres
    1953
    Built
    Neighborhood:
    Expressway Indust Park
    County:
    Denton
    Area:
    Denton County
    Property Description
    Shady Oaks Industrial Park offers almost 88,000 square feet, in 9 demised units, on 4.5 acres. 2018 occupancy was near 90% with an NOI over $250,000. There is currently 1 vacant non-leased space available (9,000 SF), and one recent down unit due to a fire. Shady Oaks is located in the middle of Denton's prime industrial area with great access to transportation. A mix of long term tenants and new leases, the asset offers an investor a strategic well performing property. The property has good drive-up appeal and current management has knowledge of existing, as well as, future potential upside.
    Exterior Features

    Construction Materials Walls Cement BlockMetalOther Foundation Slab Parking Or Garage Common Lot Roof Tar/Gravel

    Interior Features

    Ceiling Height 15 To 20 Feet Commercial Features Multi-User Flooring Concrete Heating Central Air-ElecCentral Heat-Gas Sq Ft Building 87849 Sq Ft Gross 87849 Sq Ft Leasable 9000

    Property Features

    Building Area Source Tax Building Use Industrial Construction Status Preowned Gross Annual Expenses 162000 Gross Annual Income 521812 Inclusions Land & Improvements Leasable Spaces 1 Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 250250 Occupancy Rate 90 Possession Subject To Lease Property Type Com-Sale Tenant Pays ElectricGasSewerWater Total Annual Expenses Include Common AreaLawn CareMaintenanceManagementSuppliesTaxesWater/Sewer/Trash Unexempt Taxes 61365 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices PenFed Realty Texas. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty Texas are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-03-25T06:41:00.037.
     
    Berkshire Hathaway HomeServices PenFed Realty Texas
    3624 Long Prairie Road, Suite 100
    Flower Mound TX, 75022
    Offered by Christopher Miller of Dave Perry Miller Real Estate.