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Green Street Business Park 1518 Navo Rd 54,777 SF 100% Leased Industrial Building Aubrey, TX 76227 $12,750,000 ($232.76/SF) 7% Cap Rate
Investment Highlights
- ±54,777 SF value-add small-bay industrial asset located just off Highway 380 in Aubrey (DFW), Texas
- 7.0% in-place cap rate with strong value-add potential through increasing rents as leases roll to market levels
- ±2,739 SF average suite size with approximately 10% office and 90% warehouse finish-out
- In-place rents of $16.24/SF vs. rent comps of $19–$21/SF NNN, presenting significant mark-to-market rental upside
- Built in 2022 featuring 38 grade-level doors, 15’7” clear height, and approximately 85% of suites fully air-conditioned
- North DFW location less than one mile north of Highway 380, minutes from the affluent City of Frisco, Texas
Executive Summary
Green Street Business Park is a ±54,777-square-foot multi-tenant small-bay industrial property in Aubrey, Texas, positioned along the rapidly growing Highway 380 corridor. Built in 2022, the Property includes 20 suites averaging ±2,739 square feet, with 38 grade-level doors, 15’7” clear height, and approximately 85% of the suites fully air-conditioned. Located less than one mile north of Highway 380, the Property is surrounded by affluent and fast-growing residential communities, providing strong access to the expanding northern Dallas-Fort Worth suburbs.
The Property offers a compelling value-add opportunity with average in-place rents of $16.24/SF versus verified market rents of $19/SF to $21/SF NNN, plus a current waiting list of 12 prospective tenants. Offered at a 7.0% in-place cap rate and an 8.8% Year-6 pro forma cap rate, with a WALT of less than 23 months, the deal provides investors the ability to capture near-term mark-to-market rental growth. Combined with recent construction, limited competing supply, and no nearby industrial-zoned land for new development, Green Street Business Park is well positioned to benefit from continued growth across the North Dallas–Fort Worth region.
The Property offers a compelling value-add opportunity with average in-place rents of $16.24/SF versus verified market rents of $19/SF to $21/SF NNN, plus a current waiting list of 12 prospective tenants. Offered at a 7.0% in-place cap rate and an 8.8% Year-6 pro forma cap rate, with a WALT of less than 23 months, the deal provides investors the ability to capture near-term mark-to-market rental growth. Combined with recent construction, limited competing supply, and no nearby industrial-zoned land for new development, Green Street Business Park is well positioned to benefit from continued growth across the North Dallas–Fort Worth region.
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Front Loading
- Shallow Bay
- Perimeter Security Fence
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 1,206-3,618 SF
- Flex
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,206-3,618 SF | Flex | - | Now |
1st Floor
| Size |
| 1,206-3,618 SF |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R230940 | Improvements Assessment | $7,314,732 |
| Land Assessment | $1,185,268 | Total Assessment | $8,500,000 |
Property Taxes
Parcel Number
R230940
Land Assessment
$1,185,268
Improvements Assessment
$7,314,732
Total Assessment
$8,500,000
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Green Street Business Park | 1518 Navo Rd
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