Remarks

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!

Details

MLS#: 20382621
Price: $3,100,000

Style: Industrial
Year Built: 2019

County: Denton
Subdivision: FRASHER ADDN