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34272029
34272028

151 PLAYERS CIR, SOUTHLAKE, TX 76092-6950 For Sale

JV
TX TX 512565
Summit Real Estate
PT
TX 793517
Summit Real Estate
Listed by Summit Real Estate
$4,000,000
10 days on market
Updated 10 days ago

Players Circle Office

Details
APN 41152034
Property Type Office
Square Footage 9,812
Units 1
Cap Rate 7.50%
NOI $299,952
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $408
Year Built 2016
Buildings 1
Stories 1
Acreage 0.670

About This Property for Sale

Marketing description

Office • 100% Occupied • 06/07/2021

Investment highlights

Rare Southlake Investment Opportunity | High-Quality Office Asset Located Within One of DFW’s Most Affluent and Supply-Constrained Submarkets

Constructed in 2016 | Class A Office Building Requiring Minimal Near-Term Capital Expenditures

100% Sale-Leaseback Occupancy | Immediate Cash Flow with No Lease-Up Risk

Five-Year Sale-Leaseback Commitment | Long-Term Occupancy by Existing Ownership Creates Operational Continuity and Income Stability

NNN Lease Structure | Limited Landlord Responsibilities and Predictable Ownership Costs

Enhanced Credit Support | Personal Guarantees from Both Tenants

Exceptional Demographic Profile | Average Household Income of $231,299 Within a One-Mile Radius, Nearly Three Times the National Average

Premier Visibility and Access | Strategically Located Along Southlake Boulevard and Players Circle with Exposure to Over 40,000 Vehicles Per Day

Surrounded by Premier Retail Amenities | Immediate Access to Major National Retailers Including Sprouts Farmers Market, Hobby Lobby, Starbucks, Chipotle, Central Market, Chick-fil-A, and Many More

Strong Market Fundamentals | Southlake Continues to Benefit from High Barriers to Entry, Affluent Residential Growth, and Consistent Demand for Quality Office Space

Listing Contacts

JV
TX TX 512565
Summit Real Estate
PT
TX 793517
Summit Real Estate
Listed by Summit Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$299,952.00
$24,996.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Jason Vitorino
License
TX 512565
Brokerage Phone
972-860-1966
Name
Parker Tims
License
793517
Brokerage
Summit Real Estate
Brokerage Phone
972-765-7240
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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