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689 Airport Fwy 20,319 SF 100% Leased Office Building Hurst, TX 76053 $5,374,292 CAD ($264.50 CAD/SF) 7.39% Cap Rate
INVESTMENT 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)
- Average Cap Rate of ~7.65% over remaining lease term
- Existing lease provides for limited Landlord responsibilities along with annual rent increases.
- Subject property contains approximately 20,319 RSF on 3 acres, and is currently 100% leased to MRO Corporation.
- Well maintained property with major tenant improvements recently completed in 2019. Heavily parked at a ratio of 8.6/1000.
- Central location within the metroplex offering seamless access to airports and employee base.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
20,319 SF
Building Class
B
Year Built/Renovated
1986/2019
Price
$5,374,292 CAD
Price Per SF
$264.50 CAD
Cap Rate
7.39%
NOI
$397,139 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,319 SF
Building FAR
0.15
Lot Size
3.01 AC
Zoning
GD-PD, Hurst - General Business District is intended to permit an extensive variety of commercial uses including retail, office, entertainment, and medical uses.
Parking
176 Spaces (8.66 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Recently Remodeled Space Mostly open floor plan including secure reception, private offices, conference and training rooms, and distribution area
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,000-20,319 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 10,000-20,319 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 10,000-20,319 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Recently Remodeled Space Mostly open floor plan including secure reception, private offices, conference and training rooms, and distribution area
1 1
PROPERTY TAXES
| Parcel Number | 06151663 | Improvements Assessment | $1,172,447 CAD |
| Land Assessment | $941,218 CAD | Total Assessment | $2,113,665 CAD |
PROPERTY TAXES
Parcel Number
06151663
Land Assessment
$941,218 CAD
Improvements Assessment
$1,172,447 CAD
Total Assessment
$2,113,665 CAD
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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689 Airport Fwy
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