Listed by McAllister & Associates, Republic Commercial Land & Brokerage
$5,000,000
Grand Avenue Plaza
Details
Property Type Retail, Office
Sub Type Executive Office, Commercial
Square Footage 13,942
Cap Rate 4.05%
NOI $202,401
Occupancy 83.3%
Tenancy Multi
Price per SqFt $359
Class A
Year Built 2009
Acreage 2.000
Ownership Fee Simple
Retail | 4.05% CAP | 13,942 SqFt
Marketing description
Grand Avenue Plaza is a prime multi-tenant retail/office center on one of the busiest corners in the Pflugerville area situated in the center of a major commercial corridor. The contiguous 4-way stoplight has 2 lanes going either direction in addition to left and right turn lanes. The Plaza offers excellent signage, access, and visibility along Grand Avenue Parkway and Central Commerce Drive. The tenants are of long-term standing and of very sound credit.
This project offers the upside of fully leasing the Property for an investor to realize an even higher yield on the tenant base. Not only can this Property be viewed as an excellent longterm cash flowing asset, but there are also possible redevelopment opportunities for this site, being 2 full acres.
Grand Avenue Plaza is a prime multi-tenant retail/office center on one of the busiest corners in the Pflugerville area, in the center point of a major commercial corridor. The 4-way stoplight has 2 lanes going either direction in addition to left and right turn lanes. The center offers excellent signage, access, and visibility along Grand Avenue Parkway and Central Commerce Drive. The tenants are of long-term standing and of very sound credit. In addition, this project offers the upside of fully leasing the Property for an investor to realize an even higher yield on the tenant base. Not only can this Property be view as an excellent longterm cash flowing asset, but there are also possible redevelopment opportunities for this site, being 2.0 full acres.
Investment highlights
- # Of Tenants: 4
- Building Sf: 13,942
- Net Rentable Area (Sf): 13,942
- Land Sf: 87,120
- Land Acres; 2
- Year Built : 2009
- # Of Parcels :1
- Zoning Type: None
- Topography: Flat
- Lot Dimension: 330x250
- Traffic Counts: 25,200 & 19,600
Listing Contacts
Listed by McAllister & Associates, Republic Commercial Land & Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$202,401.00
$16,866.75/mo
Valuation Metrics
0
DSCR
4.05%
Cap Rate
4.05%
ROI
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