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303 King Rd 17,200 SF Specialty Building Offered at $5,200,000 at a 7.50% Cap Rate in Frisco, TX 75036
Investment Highlights
- 3 acres raw land can be used for public storage or small warehouse
- Cash-flow opportunity
Executive Summary
Investment sale, great 1031 exchange option. Sits on three acres of land. Lease includes 10% rent bumps over the next 2 years. Rent will increase twice within the next 24 months.
Property Facts
| Price | $5,200,000 | Building Class | B |
| Price Per SF | $302.33 | Lot Size | 2.00 AC |
| Sale Type | Investment or Owner User | Building Size | 17,200 SF |
| Cap Rate | 7.50% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 2008/2012 |
| Property Subtype | School | Parking Ratio | 4.83/1,000 SF |
| Zoning | GB-1 and R-3 - General Business and Residential | ||
| Price | $5,200,000 |
| Price Per SF | $302.33 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.50% |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 17,200 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2008/2012 |
| Parking Ratio | 4.83/1,000 SF |
| Zoning | GB-1 and R-3 - General Business and Residential |
Amenities
- Air Conditioning
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R184847 | Improvements Assessment | $2,593,648 |
| Land Assessment | $606,352 | Total Assessment | $3,200,000 |
Property Taxes
Parcel Number
R184847
Land Assessment
$606,352
Improvements Assessment
$2,593,648
Total Assessment
$3,200,000
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303 King Rd