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615 W Harwood Rd 4,535 SF 100% Leased Office Building Hurst, TX 76054 $1,650,000 ($363.84/SF) 5.73% Cap Rate

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INVESTMENT HIGHLIGHTS

  • located in Heart of Hurst TX
  • Well maintained investment property
  • Lots of windows allowing for natural light

EXECUTIVE SUMMARY

Excellent opportunity for investor to lease entire building or owner user occupy with additional income from Dental space. This Dental, general office space building built in 1982 is located in the heart of Hurst with monument signage at street. Many upgrades and renovations have been completed over the past few years include but not limited to HVAC, roof, restrooms, kitchen breakroom, flooring, paint, hardware, landscaping, gutters, French drains, IT server room. Dentist occupies approx. 1500sf with multi-year lease in place. Main entry to building has common space with renovated restrooms, digital display board advertising tenants. DDS and general office space section have multiple entrances. General office space has spacious waiting area with 10 office spaces for lease individually or combined. Low maintenance landscaping with large trees shows off this well-maintained property. parking lot has 29 spaces. At time of listing, it performs at a 6 percent CAP rate. Dental office occupies 1500sf Suite. Suite 2 consists of 11 offices renting from $540-$1100 per month and are currently month to month or up to 1yr.lease. Owner could occupy a portion or all of suite 2 with 30-day notice to tenants.

ATTACHMENTS

615-W-Harwood

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,535 SF
Building Class
C
Year Built/Renovated
1982/2020
Price
$1,650,000
Price Per SF
$363.84
Cap Rate
5.73%
NOI
$94,620
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,535 SF
Building FAR
0.25
Lot Size
0.42 AC
Zoning
02 - Commercial
Parking
28 Spaces (6.17 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04650115
Land Assessment
$136,365
Improvements Assessment
$463,635
Total Assessment
$600,000
  • Listing ID: 31729208

  • Date on Market: 5/7/2024

  • Last Updated:

  • Address: 615 W Harwood Rd, Hurst, TX 76054

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