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31146430
31146438

1518 Navo Rd, Aubrey, TX 76227

TU
TX 419172
SLJ Company
Listed by SLJ Company
$12,750,000
94 days on market
Updated 23 days ago

Green Street Business Park

Details
APN 230940
Property Type Industrial
Sub Type Flex
Square Footage 54,777
Net Rentable (SqFt) 54,777
Units 20
Cap Rate 7.00%
NOI $889,321
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 8.80%
Pro-Forma NOI $1,117,100
Price per SqFt $233
Year Built 2022
Buildings 3
Stories 1
Acreage 4.540
Investment Type Value Add
Ceiling Height 14-15
Loading Docks 38

54,777 SF | Value-Add Small-Bay Industrial | 7.00% Cap Rate | $12,750,000 | Aubrey, TX

Investment highlights

  • North DFW Growth Location: ±54,777 SF value-add small-bay industrial asset located just off Highway 380 in Aubrey (DFW), Texas.

  • Significant Mark-to-Market Rental Upside: In-place rents of $16.24/SF vs. verified small-bay market rent comps of $19–$21/SF NNN.

  • Attractive In-Place Yield: 7.0% in-place cap rate with strong value-add potential through increasing rents as leases roll to market levels.

  • Strong Stabilized Return Potential: 8.8% Year-6 pro forma cap rate with a Weighted Average Lease Term (WALT) of less than 23 months.

  • 2022 Small-Bay Construction: Built in 2022 featuring 38 grade-level doors, 15’7” clear height, and approximately 85% of suites fully air-conditioned.

  • Functional Small-Bay Suite Sizes: ±2,739 SF average suite size with approximately 10% office and 90% warehouse finish-out.

  • Limited Competing Supply: Tight small-bay industrial market with few competing properties, limited new supply, and no nearby available land zoned for industrial.

  • Demonstrated Tenant Demand: 12 prospective tenants currently on the leasing broker’s waiting list seeking space at the Property.

  • Strong Retail Corridor Economics: Retail rents along Highway 380 exceed $38/SF with NNNs of $10+/SF being the only viable alternative space for service-oriented tenants along Highway 380.

  • Minutes from Frisco: North DFW location less than one mile north of Highway 380 and minutes from the affluent City of Frisco, Texas.

  • High-Income Surrounding Demographics: $134,200+ average household income and $326,400+ median home values within a 3-mile radius.

Listing Contacts

TU
TX 419172
SLJ Company
Listed by SLJ Company

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$889,321.00
$74,110.08/mo

Valuation Metrics

0
DSCR
6.98%
Cap Rate
6.98%
ROI

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