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689 Airport Fwy
Hurst, TX 76053
689 Airport Fwy · Office Property For Sale
Executive Summary
Potential Owner-User Opportunity (Subject to In-Place Tenant Buyout)
Ample Parking Ratio | 8.6 Spaces Per 1,000 SF
Limited Landlord Responsibility | Absolute NNN Lease Structure Through 2030
Corporately Guaranteed Lease
Value-Add Redevelopment Opportunity | Convert Existing Improvements to True Flex/Industrial Use
Below Replacement Cost | $180 PSF Entry Basis
Attractive Going-In Cap Rate of 7.89%
Excellent Accessibility | Immediate Access to HWY 183 (240,000+ VPD) and Close Proximity to I-820
Central DFW Location | Approximately 12 Miles from DFW International Airport
Renovated in 2019 | Approximately $500,000 Invested in Capital Improvements
Ample Parking Ratio | 8.6 Spaces Per 1,000 SF
Limited Landlord Responsibility | Absolute NNN Lease Structure Through 2030
Corporately Guaranteed Lease
Value-Add Redevelopment Opportunity | Convert Existing Improvements to True Flex/Industrial Use
Below Replacement Cost | $180 PSF Entry Basis
Attractive Going-In Cap Rate of 7.89%
Excellent Accessibility | Immediate Access to HWY 183 (240,000+ VPD) and Close Proximity to I-820
Central DFW Location | Approximately 12 Miles from DFW International Airport
Renovated in 2019 | Approximately $500,000 Invested in Capital Improvements
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
20,319 SF
Building Class
B
Year Built
1986
Price
$5,121,925 CAD
Price Per SF
$252.08 CAD
Cap Rate
7.89%
NOI
$404,120 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
Property Taxes
| Parcel Number | 06151663 | Improvements Assessment | $1,161,223 CAD |
| Land Assessment | $932,207 CAD | Total Assessment | $2,093,430 CAD |
Property Taxes
Parcel Number
06151663
Land Assessment
$932,207 CAD
Improvements Assessment
$1,161,223 CAD
Total Assessment
$2,093,430 CAD
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