Address
2701 Hartlee Field Road, Denton, TX
Price
$ 1,950,000
Property Attributes
- MLS#20560346
- TypeCommercial
- CountyDENTON
- CityDenton
- NeighborhoodHb Williams
- Zip76208
- StyleOffice
- Year Built2004
- Taxes$ 9996
- Price$ 1,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.15 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Great investment property occupied by a fortune 500 company with a long term graduated term lease. Cap rate average is 6% and NOI averages $117,000 yearly, both of which will increase as lease amount increases over next 3 years. Located on the North side of Denton off of Loop 288 and Hwy 428 in a high growth area. This is a class B office building featuring 12,000 sq ft, reception area, training room, break room, gym with basketball court, open bull pen spaces, large conference rooms and private office. This property also includes 3 efficiency apartments with stable tenants. Property sits on 1.15 acres with ample parking. Long term tenant in place with a graduated lease through 2027.
| Price History | |
|---|---|
| 3/15/2024 | Listed $1,950,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Cooling | Central Air |
| Utilities | Concrete,Electricity Connected,Well |
| Ceiling Height | 11 to 14 Feet |
| Possession | Closing/Funding,Negotiable,Subject to Lease,Other |
| Roof | Metal |
| Year Built | 2004 |
| Tenant Pays | All Utilities |
| Business Type | Administrative and Support,Financial,Professional Office,Professional Service,Other |
| Unexempt Taxes | 9996 |
| Building Use | Office |
| Will Subdivide | No |
| Gross Annual Expenses | 55286.00 |
| Property SubType | Office |
| Subdivision Name | Hb Williams |
| Zoning Description | Mixed Use Commercial/ Residential |
| Occupant Type | Tenant |
| County | Denton |
| Property Type | Commercial Sale |
| Security Features | Key Card Entry,Prewired,Security System |
| Construction Materials | Aluminum Siding |
| Year Built Details | Preowned |
| Status | Active |
| Directions | Head northeast on E Sherman Dr toward Hartlee Field Rd Turn right onto Hartlee Field Rd Turn left |
| City | Denton |
| Buyer Agent Compensation | 1 |
| Street Name | Hartlee Field |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20560346 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Carpet,Concrete |
|---|---|
| Total Stories | 2 |
| Total Units | 1 |
| SQFT Gross | 12000 |
| Lock Box Type | See Remarks |
| Street Suffix | Road |
Exterior Features
| Lot Features | Acreage |
|---|---|
| Lot Size Source | Public Records |
| Parking Features | Driveway |
| Lot Size | 1 to < 3 Acres |
| Foundation | Slab |
| Lot Size Area | 1.1500 |
| Lot Size Units | Acres |
| Construction Materials Walls | Metal,Other,Texture |
| Building Area Total | 12000.00 |
| Lot Size Square Feet | 50094.0000 |
| Lot Size Acres | 1.1500 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 76208
Price
Taxes
Visits
Year Built
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