Hurst St 2 Retail Properties Offered at $2,315,000 in Center, TX




INVESTMENT HIGHLIGHTS
- High Traffic
- Mix of Stabilized Income and Value Add
- Great Signage/Visibility
EXECUTIVE SUMMARY
High visibility retail strip centers with mix of stabilized income across (2) buildings and (7) in-place tenant leases and value add opportunity in the areas of roof line expansion, lease restructure and mark-to-market opportunities and lease-up of the (23) newly constructed self storage units with room to add up to (15) more. With a Net Operating Income of $223,469.09, the going-in cap rate is 9.65% at the asking price.
PROPERTY FACTS
Price | $2,315,000 |
Price / SF | $118.72 / SF |
Sale Condition | Bulk/Portfolio Sale |
Cap Rate | 9.65% |
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 19,500 SF |
Total Land Area | 1.85 AC |
PROPERTIES
PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
---|---|---|---|---|
766 Hurst St, Center, TX 75935 | Retail | 4,500 SF | 2020 | - |
807 Hurst St, Center, TX 75935 | Retail | 15,000 SF | 2005 | - |
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