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8018 Preston 1,150 SF Office Condo Unit Offered at $465,000 in Frisco, TX 75034
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 6.96% |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.96% |
Description
End cap unit at the front of the complex with the easiest visibility and accessibility off of the Preston Road entrance. Being an end cap unit gives it additional windows and greater access to parking. Lots of upgraded finishes in the suite.
Sale Notes
This is a unique sale in that there is a tenant in there until July of 2027, but the unit is priced in comparison to vacant units, as opposed to being priced off of the NOI. Rare opportunity to purchase a unit at market price for vacant suites and receive bonus income of ~$2,700/month through June 2027 with the current lease. For that reason, this sale is better for Investors unless an owner/user is comfortable waiting approximately one year to occupy.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 501 | 1,150 SF | Office | $465,000 ($404.35/SF) | $32,358.36 |
Unit 501
| Unit Size |
| 1,150 SF |
| Condo Use |
| Office |
| Price |
| $465,000 ($404.35/SF) |
| NOI |
| $32,358.36 |
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Unit 501
| Unit Size | 1,150 SF |
| Condo Use | Office |
| Price | $465,000 ($404.35/SF) |
| NOI | $32,358.36 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.96% |
| Description | |
| End cap unit at the front of the complex with the easiest visibility and accessibility off of the Preston Road entrance. Being an end cap unit gives it additional windows and greater access to parking. Lots of upgraded finishes in the suite.</li></ul> | |
| Sale Notes | |
| This is a unique sale in that there is a tenant in there until July of 2027, but the unit is priced in comparison to vacant units, as opposed to being priced off of the NOI. Rare opportunity to purchase a unit at market price for vacant suites and receive bonus income of ~$2,700/month through June 2027 with the current lease. For that reason, this sale is better for Investors unless an owner/user is comfortable waiting approximately one year to occupy.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 4,600 SF | Floors | 1 |
| Property Type | Office (Condo) | Typical Floor Size | 4,600 SF |
| Property Subtype | Loft/Creative Space | Year Built | 2021 |
| Building Class | C | ||
| Zoning | Office - Office | ||
| Total Building Size | 4,600 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 4,600 SF |
| Year Built | 2021 |
| Zoning | Office - Office |
Amenities
- Wi-Fi
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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8018 Preston
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