1518 Navo Rd - Showroom FOR SALE


Aubrey, TX 76227
$12,750,000 USD
214-274-8707
1518 Navo Rd, Aubrey, TX for Sale
$12,750,000 USD
Showroom - FOR SALE
1/20
null | 7% Cap Rate

1518 Navo Rd
Aubrey, TX 76227


HIGHLIGHTS

  • ±54,777 SF value-add small-bay industrial asset located just off Highway 380 in Aubrey (DFW), Texas
  • In-place rents of $16.24/SF vs. rent comps of $19–$21/SF NNN, presenting significant mark-to-market rental upside
  • 7.0% in-place cap rate with strong value-add potential through increasing rents as leases roll to market levels
  • Built in 2022 featuring 38 grade-level doors, 15’7” clear height, and approximately 85% of suites fully air-conditioned
  • ±2,739 SF average suite size with approximately 10% office and 90% warehouse finish-out
  • North DFW location less than one mile north of Highway 380, minutes from the affluent City of Frisco, Texas

OVERVIEW

Green Street Business Park is a ±54,777-square-foot multi-tenant small-bay industrial property in Aubrey, Texas, positioned along the rapidly growing Highway 380 corridor. Built in 2022, the Property includes 20 suites averaging ±2,739 square feet, with 38 grade-level doors, 15’7” clear height, and approximately 85% of the suites fully air-conditioned. Located less than one mile north of Highway 380, the Property is surrounded by affluent and fast-growing residential communities, providing strong access to the expanding northern Dallas-Fort Worth suburbs. The Property offers a compelling value-add opportunity with average in-place rents of $16.24/SF versus verified market rents of $19/SF to $21/SF NNN, plus a current waiting list of 12 prospective tenants. Offered at a 7.0% in-place cap rate and an 8.8% Year-6 pro forma cap rate, with a WALT of less than 23 months, the deal provides investors the ability to capture near-term mark-to-market rental growth. Combined with recent construction, limited competing supply, and no nearby industrial-zoned land for new development, Green Street Business Park is well positioned to benefit from continued growth across the North Dallas–Fort Worth region.

FOR SALE DETAILS

PRICE

$12,750,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Street Business Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

UTILITIES

-

CLEAR CEILING HT

15.583333333333334 Ft

DOCKS

-

DRIVE INS

38

PARKING SPACES

107

LAND DETAILS

LAND ACRES

4.54

LAND SF

197,762

ZONING

-

APN/PARCEL ID

230940,R230940

ASK ABOUT THIS PROPERTY

Ty UnderwoodSLJ Company LLCMore Info
214-274-8707

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Ty UnderwoodSLJ Company LLCMore Info
214-274-8707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.