689 Airport Fwy - Office FOR SALE


Hurst, TX 76053
$4,150,000 USD
945-259-0707
689 Airport Fwy, Hurst, TX for Sale
$4,150,000 USD
Office - FOR SALE
1/18
null | 6.85% Cap Rate

689 Airport Fwy
Hurst, TX 76053


HIGHLIGHTS

  • Subject property contains approximately 20,319 RSF on 3 acres, and is currently leased to MRO Corporation through June 2030.
  • Well maintained property with major tenant improvements recently completed in 2019. Heavily parked at a ratio of 8.6/1000.
  • Central location within the metroplex offering seamless access to airports and employee base.
  • General Business District is intended to permit an extensive variety of commercial uses including retail, office, entertainment, and medical uses.
  • Existing lease provides for limited Landlord responsibilities along with annual rent increases.

OVERVIEW

Prime investment opportunity in the heart of DFW, currently fully leased through 2030. Lease provides for Limited landlord responsibilities as well as annual rent increases. Potential value opportunity priced near replacement cost at below existing market rents.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

176

LAND DETAILS

LAND ACRES

3.01 AC

LAND SF

131,116 SF

ZONING

GD-PD, Hurst

APN/PARCEL ID

06151663

ASK ABOUT THIS PROPERTY

Maxx LovernWilliam Roth CompanyMore Info
945-259-0707

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Maxx LovernWilliam Roth CompanyMore Info
945-259-0707

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