4003 W Stan Schlueter Loop - Medical FOR SALE


Killeen, TX 76549- Killeen/Fort Hood
$2,975,000 USD
254-255-1111
4003 W Stan Schlueter Loop, Killeen, TX for Sale
$2,975,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

4003 W Stan Schlueter Loop
Killeen, TX 76549
Killeen/Fort Hood


HIGHLIGHTS

  • Diverse and successful local tenant mix, with modest and replaceable in place rental rates.
  • NNN Lease structure allows for minimal Landlord oversight and management responsibility.
  • Staggered lease expirations, and primarily smaller spaces in the 2,000 SF range.
  • “Market Rent” renewals give owner the future opportunity to mark to market.
  • Offered at a discount to current replacement cost at only $175.00/SF
  • Opportunity to increase returns and cash flow through lease up of vacancy.

OVERVIEW

OLDHAM GOODWIN is pleased to present King’s Court Plaza in Killeen, Texas for your consideration. This 17,000 SF multi-tenant business center is situated on West Stan Schlueter Loop, offering excellent visibility and exposure to over 19,000 cars per day. King’s Court Plaza, built in 2005, is leased to a diverse mix of successful local tenants. With modest in place rents between $16.80/SF to $19.80/SF range, the property presents limited downside risk and the opportunity for rent growth. The property is being offered at a significant discount to its replacement cost, at only $164.71/SF, and offers an attractive 8.75% CAP Rate. With staggered lease expirations, NNN lease structure, and an attractive return, King’s Court Plaza is a unique investment opportunity in the Temple/Belton/Killeen MSA.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

King's Court Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

B-5

APN/PARCEL ID

363423

ASK ABOUT THIS PROPERTY

Derek TanksleyOldham Goodwin Group, LLC.More Info
254-255-1111

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Derek TanksleyOldham Goodwin Group, LLC.More Info
254-255-1111

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