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.
Features
: Central, Electric
: Central Air
: Prewired, Security System, Key Card Entry
: Metal
: Driveway
: Carpet, Concrete
Address Map
2701 Hartlee Field Road, Denton, Texas 76208
US
TX
Denton
Denton
Hb Williams
76208
Hartlee Field
2701
Road
0
W98° 53' 46.5''
N33° 15' 47.1''
MLS Addon
$0
No
$0
$0
: Aluminum Siding
Head northeast on E Sherman Dr toward Hartlee Field Rd
Turn right onto Hartlee Field Rd
Turn left
No
$0
No
No
$0
: Acreage
Public Records
50094
No
$0
ntreis
R536553
15/03/2024 06:25:04
27
No
2
$0
$0
$0
: Electricity Connected, Well, Concrete
2701 Hartlee Field Road
Denton Texas 76208
0 Bedrooms
0 Bathrooms
0 Sqft
$1,950,000
Listing ID #20560346
Basic Details
Property Title : 2701 Hartlee Field Road
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 20560346
Price : $1,950,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 2004
Lot Area : 1.15 Acre
Status : Active
PropertySubType : Office

