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City Line Business Center 2 Retail Properties Offered at $12,592,316 CAD in Richardson, TX
Investment Highlights
- 2023 improvements: new roof, updated landscaping, updated facade, parking lot re-stripe
- 1 mile from US 75/Central Expressway
- 90% leased investment property
- Located near the busy intersection of N Plano Rd & E Campbell - nearly 30,000 cars per day
- Most tenants have annual rent bumps, increasing return annually
Executive Summary
Vision Commercial Real Estate is pleased to present the opportunity to acquire a 90% occupied 34-tenant flex property located in Richardson, TX. This 74,863 sf building sits
on a 5.31 AC lot for tenants and consumers. Occupied by 34 long standing tenants, this property is a stable income-producing asset with proven and stable tenants, located near a highly trafficked, signalized intersection. There is significant upside potential for investors by converting the existing gross leases to NNN and or replacing one of the tenants with a larger regional or national brand.
on a 5.31 AC lot for tenants and consumers. Occupied by 34 long standing tenants, this property is a stable income-producing asset with proven and stable tenants, located near a highly trafficked, signalized intersection. There is significant upside potential for investors by converting the existing gross leases to NNN and or replacing one of the tenants with a larger regional or national brand.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $12,592,316 CAD | Status | Active |
| Price / SF | $168.20 CAD / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.61% | Total Building Size | 74,863 SF |
| Sale Type | Investment | Total Land Area | 8.13 AC |
| Price | $12,592,316 CAD |
| Price / SF | $168.20 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.61% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 74,863 SF |
| Total Land Area | 8.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg A
2050 N Plano Rd, Richardson, TX 75082 |
Retail | 44,718 SF | 1985 | - |
|
Bldg B
1411 E Campbell Rd, Richardson, TX 75081 |
Retail | 30,145 SF | 1985 | - |
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City Line Business Center
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