689 Airport Fwy - Office FOR SALE


Hurst, TX 76053
$3,850,000 USD
945-259-0707
689 Airport Fwy, Hurst, TX for Sale
$3,850,000 USD
Office - FOR SALE
1/18
null | 7.39% Cap Rate

689 Airport Fwy
Hurst, TX 76053


HIGHLIGHTS

  • Property is Available For Sale or For Lease (existing tenant lease expires 6/30/2030 and has indicated a willingness to downsize if desired)
  • Subject property contains approximately 20,319 RSF on 3 acres, and is currently 100% leased to MRO Corporation.
  • Average Cap Rate of ~7.65% over remaining lease term
  • Well maintained property with major tenant improvements recently completed in 2019. Heavily parked at a ratio of 8.6/1000.
  • Existing lease provides for limited Landlord responsibilities along with annual rent increases.
  • Central location within the metroplex offering seamless access to airports and employee base.

OVERVIEW

Prime investment opportunity in the heart of DFW, currently fully leased to strong corporate tenant through 2030. Property is being offered for sale or for lease Opportunity for Owner/User as tenant has indicated a willingness to downsize up to ~20,000 sf 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

$3,850,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

7.39%

% LEASED

-

TENANCY

Single

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 Notice.