Browning Office Park Building A
Industrial | 6.25% CAP | 7,800 SqFt
Marketing description
Presenting Building A at Browning Office Park — a brand-new 2026-construction, 6-unit flex space building totaling 7,800 sq. ft. at 6650 Browning Dr in North Richland Hills, TX, offered at $1,872,000 ($240/sq. ft.). Part of a 13-unit, two-building campus in one of DFW's most connected mid-cities corridors, this institutional-quality flex asset delivers immediate income from six 1,300 sq. ft. industrial/commercial units each leasing at $1,625/month, producing $9,750/month in gross rent and a 6.2% going-in cap rate with $1,534/month in net cash flow. Structured at 65% LTV with a 25-year amortizing loan, the deal requires $711,360 in equity and carries a conservative 1.19 debt coverage ratio with zero rehab costs and no deferred maintenance. The long-term wealth-building case is compelling: at 3% annual appreciation, the asset is projected to reach $2.5M in value by year 10 with over $1.57M in total equity, growing to $4.5M+ by year 30 — while generating over $163,000 in annual tax deductions in year one alone through depreciation, interest, and operating expense write-offs. For the investor seeking new-construction, multi-tenant commercial cash flow in the heart of the DFW Metroplex with immediate highway access to 820, 35W, and 121, Building A at Browning represents a rare turnkey opportunity at an attractive basis.
Investment highlights
Here are the investment highlights for Building A:
Investment Highlights — BLDG A, 6650 Browning Dr, North Richland Hills, TX
- New 2026 construction — 6-unit, 7,800 sq. ft. flex building with zero deferred maintenance, no rehab required, and immediate income from day one
- $1,872,000 purchase price at $240/sq. ft. — new-construction pricing at a competitive basis for DFW mid-cities flex
- 6.2% going-in cap rate with $9,750/month gross rent across six 1,300 sq. ft. industrial/commercial units at $1,625/month each
- $1,534/month net cash flow in year one — growing to $2,209/month by year 5 and $8,025/month by year 20 as income scales and debt burns down
- 65% LTV financing available — $711,360 cash to close on a $1,872,000 asset with a 25-year amortizing loan at 6.5%
- 1.19 debt coverage ratio — conservatively underwritten with meaningful cushion above breakeven
- Multi-tenant structure — 6 separate units provides natural vacancy diversification; loss of one tenant is not a loss of the asset's income
- $163,000+ in year-one tax deductions — $43,799 in annual depreciation, $78,500 in loan interest deductions, and $41,177 in operating expense write-offs
- Equity grows to $1.57M by year 10 — on a $711,360 equity investment, representing a 2.46x equity multiple at the decade mark
- Total projected profit of $1.03M at year 10 and $3.1M at year 20 inclusive of cumulative cash flow and net sale proceeds
- 10.3% IRR stabilizing by year 10 — consistent long-term return profile driven by appreciation, amortization, and income growth
- Portfolio-scale opportunity — Building A can be acquired standalone or combined with Building B for full campus ownership of all 13 units
- DFW mid-cities location — North Richland Hills at the nexus of 820, 35W, and 121 with strong small business, contractor, and last-mile flex demand
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