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2701 Hartlee Field Road

Denton, TX 76208
  • $1,950,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 20560346
$1,950,000
  • 0
    BEDS
  • 1.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2004
County:
Area:

School Ratings & Info

Offered by Joseph Peterson of Briko Realty Services: (214) 725-5961.

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.

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© 2024 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 2024-04-03T23:43:32.373.
www.rhodesteamtexas.com/homes/148601242
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2701 Hartlee Field Road Denton, TX 76208

  • Price: $1,950,000
  • Status: Active
  • On Site: 33 Days
  • MLS #: 20560346
0
Beds
0
Baths
0
½ Baths
1.15
Acres
2004
Built
Neighborhood:
Hb Williams
County:
Denton
Area:
Denton
Property 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.
Exterior Features

Construction Aluminum Siding Construction Materials Walls MetalOtherTexture Foundation Slab Lot Description Acreage Lot Size Source Public Records Parking Or Garage Driveway Roof Metal

Interior Features

Ceiling Height 11 to 14 Feet Cooling Central Air Flooring CarpetConcrete Handicap YN No Heating CentralElectric Sq Ft Gross 12000

Property Features

Alarm Or Security Type Key Card EntryPrewiredSecurity System Building Area Source Public Records Building Area Total 12000.00 Building Use Office Construction Status Preowned Gross Annual Expenses 55286.00 Gross Annual Income 176124.00 List MLSProvider Greater Denton/Wise Association Of Realtors Multi Zoning Yes Municipal Utility District No Net Operation Income 117000 Possession Closing/FundingNegotiableSubject to LeaseOther Property Type Office Tenant Pays All Utilities Transaction Includes Building OnlyLand & Improvements Unexempt Taxes 9996 Utilities ConcreteElectricity ConnectedWell Will Subdivide No Zoning Mixed Use Commercial/ Residential

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 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 2024-04-03T23:43:32.373.
 
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Berkshire Hathaway HomeServices PenFed Realty Texas
3624 Long Prairie Road, Suite 100
Flower Mound TX, 75022
Offered by Joseph Peterson of Briko Realty Services: (214) 725-5961.