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203 S Jupiter Rd 12,598 SF Office Building Allen, TX 75002 $3,550,000 ($281.79/SF) 7.77% Cap Rate
Investment Highlights
- 3% annual rent bumps.
- Landlord responsible for roof and building structure.
- One at-grade overhead door with provisions for a second.
- NNN lease structure through 05/2030 and one - 3 year renewal option.
- Built 1992. Code and energy upgrades in 2023, including full replacement of all HVAC rooftop units.
- Zoned SC (Shopping Center) allowing ultimate flexibility for retail, office and light industrial occupancies.
Executive Summary
Stand alone STNL investment property in downtown Allen, Texas with quick access to State Highways 75 and 121 in fast growing Collin County
Recently renovated interiors comprised of 60/40% office / light assembly and distribution
NNN lease with four years remaining on current term to 05/2030 and 1 - three year renewal option. The Tenant, Shepherd Controls & Associates, is an established national Tenant at this location for over 30 years and a subsidiary of Flow Control Group www.flowcontrolgroup.com
Recently renovated interiors comprised of 60/40% office / light assembly and distribution
NNN lease with four years remaining on current term to 05/2030 and 1 - three year renewal option. The Tenant, Shepherd Controls & Associates, is an established national Tenant at this location for over 30 years and a subsidiary of Flow Control Group www.flowcontrolgroup.com
Property Facts
Sale Type
Investment
Property Type
Building Size
12,598 SF
Building Class
B
Year Built/Renovated
1992/2023
Price
$3,550,000
Price Per SF
$281.79
Cap Rate
7.77%
NOI
$275,835
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,598 SF
Building FAR
0.30
Lot Size
0.95 AC
Zoning
SC, Allen - Shopping Center District; Eagle Center Plaza, Lot 2B-1
Parking
54 Spaces (4.29 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R-1518-000-02B1-1 | Improvements Assessment | $1,040,645 |
| Land Assessment | $640,073 | Total Assessment | $1,680,718 |
Property Taxes
Parcel Number
R-1518-000-02B1-1
Land Assessment
$640,073
Improvements Assessment
$1,040,645
Total Assessment
$1,680,718
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203 S Jupiter Rd
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