1237 Southridge Ct
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1237 Southridge Ct
13,111 SF 50% Leased Office Building Hurst, TX 76053 $1,295,000 ($99/SF)
Investment Highlights
- Priced well below replacement cost
- Historically stable rental income
- Mid-Cities area location
- 13,111 SF building, 19 lease spaces
Executive Summary
This two story office building has been well maintained with a stable occupancy for many years. There is upside potential with rental increases and recapture utility charges. Current occupancy is 66.6% allowing for owner to occupy vacant spaces or to lease out at market rates. The property remained 100% occupied in 2022. Current tenant occupancy is a diverse mix of users. The property consists of a mixture of different office sizes from smaller executive offices to larger multi room office spaces. Property located off of Bedford Euless Rd, providing convenient access to Hwy 183 and Loop 820.
-Priced well below replacement cost
-Mid-Cities area location
-13,111 SF building, 19 lease spaces
-Historically stable rental income
-Priced well below replacement cost
-Mid-Cities area location
-13,111 SF building, 19 lease spaces
-Historically stable rental income
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
13,111 SF
Building Class
B
Year Built
1985
Price
$1,295,000
Price Per SF
$99
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,556 SF
Slab To Slab
10’
Building FAR
0.38
Land Acres
0.79 AC
Zoning
F1 - Commercial
Parking
57 Spaces (4.35 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Skylights
- Kitchen
- Reception
- Storage Space
- Central Heating
- Natural Light
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 102
- 3,041 SF
- Office/Medical
- Full Build-Out
- Now
- 2nd Fl-Ste 202
- 528 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 3,041 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 202 | 528 SF | Office | Full Build-Out | Now |
1st Fl-Ste 102
| Size |
| 3,041 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 528 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 02392402 | Improvements Assessment | $438,649 |
| Land Assessment | $181,351 | Total Assessment | $620,000 |
PROPERTY TAXES
Parcel Number
02392402
Land Assessment
$181,351
Improvements Assessment
$438,649
Total Assessment
$620,000
-
James Blake -
Andrew Banken -
SVN | Trinity Advisors
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1237 Southridge Ct
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