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114 Sproles Dr 8,942 SF 100% Leased Office Building Benbrook, TX 76126 $3,011,000 ($336.73/SF) 6.25% Cap Rate
Investment Highlights
- Ideally located along growing 377 corridor
- Long-time tenant base
- Majority NNN leased to Texas Health Resources (over $1B annual revenue)
Executive Summary
Bradford Commercial Real Estate Services is pleased to present this exclusive opportunity to acquire a stable medical office investment with upside in one of the most dynamic office submarkets in the Dallas-Fort Worth Metroplex. 114 Sproles Drive is a single-story, multi-tenant medical office building in Benbrook, Texas (greater Fort Worth area) anchored by Texas Health Resources, a leading health system with over $1 billion in annual revenue. The property is supported by investor-friendly lease structures, with tenants operating under NNN or +E leases with base year expense stops, providing protection against rising operating costs. Additional value-add potential exists through converting the two smaller tenants to full NNN leases at renewal.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,942 SF
Building Class
B
Year Built
1987
Price
$3,011,000
Price Per SF
$336.73
Cap Rate
6.25%
NOI
$188,188
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,942 SF
Building FAR
0.22
Lot Size
0.92 AC
Zoning
F - Commercial - Commercial
Parking
45 Spaces (5.03 Spaces per 1,000 SF Leased)
Amenities
- Signage
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Property Taxes
| Parcel Number | 06417728 | Improvements Assessment | $1,600,010 |
| Land Assessment | $399,990 | Total Assessment | $2,000,000 |
Property Taxes
Parcel Number
06417728
Land Assessment
$399,990
Improvements Assessment
$1,600,010
Total Assessment
$2,000,000
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114 Sproles Dr
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