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29837030

1701 N Hampton Rd, DeSoto, TX 75115 For Sale

DH
TX 0656363
$1,500,000
969 days on market
Updated 150 days ago

1701 N. Hampton Road Desoto, TX 75115

Details
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 13,565
Net Rentable (SqFt) 13,565
Cap Rate 8.68%
NOI $130,288
Occupancy 100%
Tenancy Multi
Brand/Tenant Home Care Network
Lease Type NNN
Lease Term 5
Lease Expiration 03/31/2027
Remaining Term 0.7
Pro-Forma NOI $130,288
Price per SqFt $111
Broker Co-Op Yes
Class B
Year Built 1977
Year Renovated 2018
Buildings 1
Stories 2
Acreage 1.030
Zoning IP - General Retail (GR) Z111
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2022
Ownership Hampdstx Holdings Inc.
Sale Condition For sale by owner

RARE INVESTMENT OPPORTUNITY TO ACQUIRE A 100% OCCUPIED, INCOME PRODUCING OFFICE PROPERTY

Marketing description

A top building in a mid-cities office submarket located in the heart of thriving Desoto, TX. 1701 N. Hampton Road is a $13,565 square foot office building boasting a diversified rent roll with excellent credit. The interior includes 5 office suites equipped with 5 break rooms, 11 bathrooms, 11 storage closets, 3 utility rooms, 19 single offices, 8 multi-desk offices and 4 conference rooms, making it a perfect acquisition opportunity for investors. The seller would like to lease back and is willing to negotiate the terms.

Investment highlights

  • 13,565 SF fully occupied office property located in the heart of Desoto, one of the country’s most desirable commercial hubs.

  • Fully renovated in 2018, the property now offers modern office finishes across a flexible range of private offices and collaborative spaces.

  • Home Care Network, the anchor tenant, has excellent credit and is on a corporate-guaranteed five-year lease with an additional five-year option.

  • Rare investment opportunity to acquire a 100% occupied, income-producing office property in the heart of The Metroplex.

Listing Contacts

DH
TX 0656363

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$130,288.00
$10,857.33/mo

Valuation Metrics

0
DSCR
8.69%
Cap Rate
8.69%
ROI

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Additional Information

Name
Delvin Hopkins
License
0656363
Brokerage
Karrington Realty
Brokerage Phone
2142262676
Title
Broker of Record
Brokerage Address
2323 N. Houston Street #603 Dallas, TX 75219
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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