Listed by The Michael Group Real Estate
$1,750,000
870 N Mayhill Road, Denton, Texas 76208
Details
Property Type Industrial, Retail
Sub Type Flex
Square Footage 4,800
Net Rentable (SqFt) 4,800
Units 4
Cap Rate 8.46%
NOI $148,000
Pro-Forma Cap Rate 8.46%
Pro-Forma NOI $148,000
Year Renovated 2021-2025
Buildings 4
Stories 1
Acreage 3.500
Zoning RR
Dock High Doors 8
Ownership Private
Industrial | 8.46% CAP | 4,800 SqFt
Marketing description
3.5 Acres of Flat Grade for Expansion or Redevelopment. Land Value Only. The property features four metal warehouses, each with two grade level doors. The expansion of North Mayhill Rd was recently completed. PROPERTY HIGHLIGHTS: 3.5 Acre Lot For Expansion or Redevelopment. Four 1200 SF Metal Warehouses. Approx. 2 acres of screened fence behind buildings. Each building has electricity, water, bathroom, private yard and security gate. Property has water well although City Water is at the Street. Mayhill Road Recently Expanded and Improved. High Growth Area. Close Proximity To Downtown Denton.
Listing Contacts
Listed by The Michael Group Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,000.00
$12,333.33/mo
Valuation Metrics
0
DSCR
8.46%
Cap Rate
8.46%
ROI
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Tax History
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