FULLY LEASED, INVESTMENT PROPERTY:
INCOME PRODUCING PROPERTY WITH ADDITIONAL LAND ALLOWING FOR FUTURE EXPANSION AND DEVELOPEMENT!
IMPORTANT FACTORS:
• THE LOCATION, @ DESIRABLE CORNER OF DAVIS AND BANDIT TRAIL, THE LAND (INCREASES VALUE 1.47 ACRES)
• A VERY UNIQUE PROPERTY, VINTAGE OFFICE BUILDING, SERENE YET MODERN. THE BUILDING HAS JUST BEEN REMODELED DECEMBER OF 2022. See OM for income cap rate, the land adds value for expansion... Call for more information!
• INCOME PRODUCING; LEASED WITH A NATIONAL BRAND TENANT: 5 YEAR LEASE WITH 2% INCREASES EACH YEAR, THE TENANT HAS (2) TWO, 5-YEAR OPTIONS TO RENEW AT MARKET RATE.
Property description: Unique beautiful property with plenty of parking, lovely grounds with trees! The property sits on 1.47 Acres. Zoned for General Office, or Office/ Medical Counseling. Unique office building with 1,947 RSF.
Private parking: 10 Free surface spaces are available; Ratio of 5.60* 1,000 SF
Office: Reception-Workstation with hardwoods, Conference-training room with hardwoods, 5 Offices, Kitchen, Storage, Break room, Restroom, RR closet-storage, Technology closet. The back door leads to the lovely, serene property.
Roof: Recently replaced.
Private Parking lot: Recently updated for the city fire code of Keller, also newly required survey for the city of Keller.
Exterior: Building recently painted.
Note: New photos and offering memorandum coming soon once photos are completed! The photos below will be replaced...
Cap rate is around 4% with 2% increases annually. Value of the land needs to be considered, excellent corner location on Davis and Bandit Trail. High identity!
DO NOT DISTURB TENANT!
** Public Driving Directions: Use GPS, 768 Bandit trail @ Davis in Keller, TX. 76248 Close proximity to Southlake Blvd. and Colleyville. ** Metro Market, DFW, Submarket: Mid-Cities, Westlake - Grapevine *