Listed by Red Commercial Real Estate, Personal Warehouse & Red Commercial
$643,162
Leased Investment 109 Dripping Springs Personal Warehouse
Details
Property Type Office, Industrial
Sub Type Executive Office
Square Footage 1,508
Net Rentable (SqFt) 1,990
Units 41
Cap Rate 8.64%
NOI $55,561
Tenancy Multi
Lease Type NNN
Lease Expiration 07/31/2029
Remaining Term 3
Rent Bumps Yes
Class A
Year Built 2024, 2025
Buildings 4
Zoning Un Zoned
Lease Commencement 06/01/2026
Ground Lease Yes
Ceiling Height 26'
Loading Docks 1
Sale Condition 1031 exchange
Office | 8.64% CAP | 1,508 SqFt
Marketing description
Offering Unit 109 as a pre-leased investment sale. 3 year lease in place, 8.6% CAP
No matter your needs – business, storage, or fun – we have the solution for you. With customizable interiors and standard amenities such as Hvac, power, security, and unlimited access, owning your own unique space is more affordable than ever. Pw development has decades of experience leading the small bay warehouse and incubator industry which has grown in popularity and variety of usage. Work – store – play® with a personal warehouse® as the only limit is your imagination!
Investment highlights
- 3 Year Lease in Place
- Sustainable Product
- Little Upkeep or Turnaround Repairs
- NNN Lease
- Historical appreciations : 7-15% per year
- Ideal for Small Business, Micro Flex, Storage Space
- Insulated Masonry Construction
- Led Lights / Energy Efficient Construction
- Mezzanines
- Finished Private Restrooms
- 24 / 7 Access, Wide Paved Aisles
- 14 X 14 Oh Door W/ Operators
- Build Equity over Rent Receipts
- Fixed Rate Financing (15 – 25 Year Term)
- Tax Benefits for Business Users & Investors
- Cost Effective – Own for 40% Less per Month
- Customize Your Space!
- Position: End
- Model / Finish Level: Fully Finished
- Unit Width: 30.16
- Unit Depth: 50
- Mezzanine Location: Rear
- Mezz Depth: 16
- Mezz Width: 30.16
- Mezz SF: 482.56
- Base NNN Rate/SF: N/A
- Monthly Base Rents: N/A
- Interior Low Roof:24
- Price PSF Base Area - Original Numbers: 400
- Price PSF Net Rentable: 304.5374166
- Back Yard Space: 3000
- Est. CAM / MO: 480.32
- Est. Tax / MO: 194.46
Listing Contacts
Listed by Red Commercial Real Estate, Personal Warehouse & Red Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,560.60
$4,630.05/mo
Valuation Metrics
0
DSCR
8.64%
Cap Rate
8.64%
ROI
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