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 |
|---|---|---|---|---|
| 807 Hurst St, Center, TX 75935 | Retail | 15,000 SF | 2005 | - |
| 766 Hurst St, Center, TX 75935 | Retail | 4,500 SF | 2020 | - |
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