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Cambridge Woods Phase I 1674 Keller Pky 7,685 SF 100% Leased Office Building Keller, TX 76248 $3,739,257 CAD ($486.57 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 7,685 Square Feet Medical/Office
- 100% Leased on NNN Structure
- 3 mile average household income $255,879
- Built in 2000 - New Roof in 2021
- Prime location right off highly trafficked Keller Parkway
EXECUTIVE SUMMARY
Younger Partners, as exclusive advisor, is pleased to present an investment opportunity for the acquisition of a prime professional office strategically situated in Keller, TX. The building offers 7,685 SF of well-designed and functional spaces. It is 100% occupied under NNN leasing structures, ensuring a stable rental income. Additionally, buyers have the potentials to enhance returns by adjusting the below-market rents to current rate.
Available as-is, the office building was built in 2000 and has been professionally maintained. The timeless architecture and ample parking are complimented by its modern interior finishes, open floor plan and plenty of natural lights.
Strategically positioned right off of Keller Pkwy, a major thoroughfare in one of North Texas’s the most affluent neighborhoods, it has easy access to Hwy 377 and Hwy 114, with a 20-minute drive to DFW International Airport.
As-is cap rate: 6%
Pro-forma cap rate: 7%
Available as-is, the office building was built in 2000 and has been professionally maintained. The timeless architecture and ample parking are complimented by its modern interior finishes, open floor plan and plenty of natural lights.
Strategically positioned right off of Keller Pkwy, a major thoroughfare in one of North Texas’s the most affluent neighborhoods, it has easy access to Hwy 377 and Hwy 114, with a 20-minute drive to DFW International Airport.
As-is cap rate: 6%
Pro-forma cap rate: 7%
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,685 SF
Building Class
B
Year Built
2000
Price
$3,739,257 CAD
Price Per SF
$486.57 CAD
Cap Rate
6%
NOI
$224,355 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,685 SF
Building FAR
0.35
Lot Size
0.51 AC
Zoning
PD - Planned Development
Parking
24 Spaces (3.12 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Central Heating
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advanced Endodontics Of Texas
- Health Care and Social Assistance
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advanced Endodontics Of Texas | Health Care and Social Assistance | - | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 41245083 | Improvements Assessment | $1,697,276 CAD |
| Land Assessment | $417,213 CAD | Total Assessment | $2,114,489 CAD |
PROPERTY TAXES
Parcel Number
41245083
Land Assessment
$417,213 CAD
Improvements Assessment
$1,697,276 CAD
Total Assessment
$2,114,489 CAD
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Cambridge Woods Phase I | 1674 Keller Pky
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