2701 Hartlee Field Road Denton, TX 76208
Great investment property occupied by a fortune 500 company with a long term graduated term lease. Cap rate average is 6% and NOI averages $117, 000 yearly, both of which will increase as lease amount increases over next 3 years. Located on the North side of Denton off of Loop 288 and Hwy 428 in a high growth area. This is a class B office building featuring 12, 000 sq ft, reception area, training room, break room, gym with basketball court, open bull pen spaces, large conference rooms and private office. This property also includes 3 efficiency apartments with stable tenants. Property sits on 1.15 acres with ample parking. Long term tenant in place with a graduated lease through 2027.
- Property TypeCommercial
- NeighborhoodHb Williams
- CountyDenton
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site43 Days
- MLS StatusActive
- MLS ID Number20560346
- Home Size Source Public Records
- Year Built2004
- Lot Size1.15 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Aluminum Siding
- Parking Driveway
- Number of Stories 2
- Acreage 1.15
- Zoning Mixed Use Commercial/ Residential
- Security Key Card EntryPrewiredSecurity System
- Property Sub Type Office
- Utilities Electricity Connected
- Foundation Slab
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Heating CentralElectric
- Flooring CarpetConcrete
Exterior Features
- Roof Metal
- Waterfront Property No
- Lot Acreage
Community Features
- Security Features Key Card EntryPrewiredSecurity System