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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31823069

8018 Texas 289, Frisco, TX 75034 For Sale

Wynmark
Listed by Wynmark
$465,000
87 days on market
Updated 87 days ago

1,150 sf Preston Rd Office Space

Details
Property Type Office
Sub Type Traditional Office
Square Footage 1,150
Net Rentable (SqFt) 1,150
Cap Rate 6.96%
NOI $32,358
Occupancy 100%
Tenancy Single
Lease Expiration 06/29/2027
Remaining Term 0.9
Class B
Year Built 2022
Parking Spaces 4 per 1,000 sq ft
Ground Lease No
Sale Condition For sale by owner

Just over 1 year remaining on lease, but priced competitive to vacant units in the area.

Marketing description

These small suites are highly desirable, but there are lots of them. What sets them apart is their position within the building and their position within the complex. This unit is an end-cap suite located at the front of the main entrance off of Preston Road. It is one of the first suites you see when you pull into the project giving it ideal visibility and accessibility. Being the end-cap in a corner building also gives it more available parking spaces than most locations. These attributes are incredibly valuable in multi-building office condo projects as tenants do not want their suite to get lost in the back of a project.

Investment highlights

This is really being sold as a vacant space, but there is one year remaining of Lease Term to a good tenant. As such this space is more marketable to an Investor as an owner/user would not be able to enjoy immediate occupancy.

Listing Contacts

Wynmark
Listed by Wynmark

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$32,358.36
$2,696.53/mo

Valuation Metrics

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DSCR
6.96%
Cap Rate
6.96%
ROI

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