Property
Pending
1 more
Presented By: Daniel Bode with SUMMIT, REALTORS; 347-878-2526
Rare commercial opportunity in Argyle, Owner Agent relocating! Sell all or Part! A 3.4 acre property with 26,000 square feet of flex space with existing pad sites to add an additional 10,000 square feet or utilize for RV or Boat Storage. Currently 100% leased at 30% or more under current market rates, with cash flow of over $18,000 per month, current cap rate is 6.5%. There have been only 3 vacancies in the past 5 years, none having duration of more than a week or two. The buildings are newer, ranging from 1 to 5 years old and demised into 1,250 to 2,500 sq ft units, aggressively priced at under $120 per sq ft.
This property is located in a growth area near FM407 and 35W in unincorporated Denton County, surrounded by multiple commercial and new housing projects including, Canyon Falls, Pecan Square, Harvest Meadows, Robison Ranch and more even larger additions being added very soon in Northlake and Flower Mound. Come check it out today!
Presented By: Daniel Bode with SUMMIT, REALTORS; 347-878-2526
SQFT Gross25999
Lock Box TypeNone
FlooringConcrete
Street SuffixRoad
Total Stories1
Total Units5
Building UseIndustrial, Office/Warehouse, Storage Warehouse, Wholesale, Other
Business TypeWarehouse
Buyer Agent Compensation2.5
Buyer Agent Compensation Type%
Ceiling Height11 to 14 Feet
CityArgyle
Construction MaterialsMetal Siding
CoolingElectric
CountyDenton
DirectionsFrom 35W go East on FM407 1 mile to Stonecrest Road turn South to 973 Stonecrest Road. From FM1171 Turn North on Hwy 377 to Canyon Falls Road, Turn North on Stonecrest Road to 973 Stonecrest Road.
Gross Annual Expenses35000.00
HeatingElectric
Owner PaysTaxes, Water
PossessionClosing/Funding
Property SubTypeIndustrial
Property TypeCommercial Sale
RoofMetal
Standard StatusPending
StatusPending
Street NameStonecrest
Subdivision NameFRASHER ADDN
Tenant PaysElectricity, Insurance, Pest Control, Repairs, Trash Collection
UtilitiesAerobic Septic, Cable Available, City Water, Co-op Electric, Concrete, Electricity Available, Electricity Connected, Gravel/Rock
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2019
Year Built DetailsPreowned
Zoning DescriptionUnincorporated mixed use
Building Area Total26000.00
Construction Materials WallsMetal
Foundation Slab
Lot Size3 to < 5 Acres
Lot Size Acres3.3930
Lot Size Area3.3930
Lot Size SourcePublic Records
Lot Size Square Feet147799.0800
Lot Size UnitsAcres
Parking FeaturesAdditional Parking, Assigned, Gravel
Road Frontage TypeCity Street