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Retail Property For Sale

I-27 Business Center

6661 Canyon Drive, Amarillo, TX 79109

• Price:
  $1,175,000
• Building Size:
  42,000 SF
• Price/SF:
  $27.98
• Property Type:
  Retail
• Property Sub-type:
  Retail (Other)
• Property Use Type:
  Investment
• Cap Rate:
  8.50%
• Tenancy:
  Multiple
• Find Out More...

Last Verified  1/24/2012 Listing ID  16106433

Description

This is a multi-tenant business center with (+-) 36,000 SF of flex retail/office and warehouse space. The current occupancy is at 94%. There is also (+-) 6,000 SF of mini-storage on site, which has 10 units.

I-27 Business Center is located at 6661 Canyon Drive (I-27) in Amarillo, Texas. This is just North of Bell with I-27 frontage.

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• Aerial
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• Coldwell Banker Commercial First Equity, Realtors

Financial Summary

Major Tenant Information

• Actual
• Year
  2009
• Scheduled Gross Income
  $160,788
• Operating Expenses
  $31,507
• Net Operating Income
  $129,281

Tenant	SF Occupied	Lease Expired
Blackmon Mooring	20,000
AC Delco Endurance Auto	4,000
Panhandle Outfitters	2,000
Artisan Contractors	2,000
TECOFA	2,000

Commercial property information by LoopNet

Map of 6661 Canyon Drive, Amarillo, TX 79109 (Randall County)

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Contact Listing Broker

Justin Kite (806) 354-3500

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Demographics

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.