1604 Martinez | 1604 Martinez ln
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1604 Martinez 1604 Martinez ln
5,590 SF Industrial Building Wylie, TX 75098 $1,100,000 ($197/SF) 6.82% Cap Rate
Executive Summary
100% occupied with a 5 Year lease in place and 3% annual increases in rent. Discover the ultimate investment opportunity in this Newly Constructed warehouse office flex building. Located in a prime area of Wylie, this property perfectly merges functionality, convenience, and versatility.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$89,436
|
$16.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$89,436
|
$16.00
|
| Taxes |
$8,700
|
$1.56
|
| Operating Expenses |
$5,700
|
$1.02
|
| Total Expenses |
$14,400
|
$2.58
|
| Net Operating Income |
$75,036
|
$13.42
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $89,436 |
| Annual Per SF | $16.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $89,436 |
| Annual Per SF | $16.00 |
| Taxes | |
|---|---|
| Annual | $8,700 |
| Annual Per SF | $1.56 |
| Operating Expenses | |
|---|---|
| Annual | $5,700 |
| Annual Per SF | $1.02 |
| Total Expenses | |
|---|---|
| Annual | $14,400 |
| Annual Per SF | $2.58 |
| Net Operating Income | |
|---|---|
| Annual | $75,036 |
| Annual Per SF | $13.42 |
Property Facts
| Price | $1,100,000 | Rentable Building Area | 5,590 SF |
| Price Per SF | $197 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2023 |
| Cap Rate | 6.82% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 15 FT |
| Lot Size | 0.30 AC |
| Price | $1,100,000 |
| Price Per SF | $197 |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| Property Type | Industrial |
| Lot Size | 0.30 AC |
| Rentable Building Area | 5,590 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Tenancy | Single |
| Clear Ceiling Height | 15 FT |
1 of 1
zoning
| Zoning Code | Light Industrial (Light Industrial) |
| Light Industrial (Light Industrial) |
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1604 Martinez | 1604 Martinez ln
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