Fully Occupied Office | 1701 N Hampton Rd
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Fully Occupied Office 1701 N Hampton Rd
13,565 SF 100% Leased Office Building DeSoto, TX 75115 $1,850,000 ($136/SF) 7.63% Cap Rate
Investment Highlights
- 13,565 SF fully occupied office property located in the heart of Desoto, one of the country’s most desirable commercial hubs.
- Fully renovated in 2018, the property now offers modern office finishes across a flexible range of private offices and collaborative spaces.
- Home Care Network, the anchor tenant, has excellent credit and is on a corporate-guaranteed five-year lease with an additional five-year option.
- Rare investment opportunity to acquire a 100% occupied, income-producing office property in the heart of The Metroplex.
Executive Summary
A top building in a mid-cities office submarket located in the heart of thriving Desoto, TX. 1701 N. Hampton Road is a $13,565 square foot office building boasting a diversified rent roll with excellent credit. The interior includes 5 office suites equipped with 5 break rooms, 11 bathrooms, 11 storage closets, 3 utility rooms, 19 single offices, 8 multi-desk offices and 4 conference rooms, making it a perfect acquisition opportunity for owners and investors.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Register to Bid Instructions
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$206,364
|
$15.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$206,364
|
$15.21
|
| Taxes |
$29,712
|
$2.19
|
| Operating Expenses |
$35,441
|
$2.61
|
| Total Expenses |
$65,153
|
$4.80
|
| Net Operating Income |
$141,211
|
$10.41
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $206,364 |
| Annual Per SF | $15.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $206,364 |
| Annual Per SF | $15.21 |
| Taxes | |
|---|---|
| Annual | $29,712 |
| Annual Per SF | $2.19 |
| Operating Expenses | |
|---|---|
| Annual | $35,441 |
| Annual Per SF | $2.61 |
| Total Expenses | |
|---|---|
| Annual | $65,153 |
| Annual Per SF | $4.80 |
| Net Operating Income | |
|---|---|
| Annual | $141,211 |
| Annual Per SF | $10.41 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,565 SF
Building Class
C
Year Built/Renovated
1977/2018
Price
$1,850,000
Price Per SF
$136
Cap Rate
7.63%
NOI
$141,155
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,783 SF
Building FAR
0.30
Lot Size
1.03 AC
Zoning
IP - General Retail (GR)
Parking
52 Spaces (3.83 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Kitchen
- Central Heating
- Secure Storage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- Mar 2027
Home Care Network provides quality, safe and cost-effective delivery of home healthcare services to individuals in need of those services. They believe it is of utmost importance to involve the patient and their family or care givers in the patient's plan of care. The patient has the right to choose the provider of care they require. This choice is what they honor most in proclaiming that the health and happiness of their patient is their first priority.
- Kosmic Kids
- Educational Services
- -
- -
- Mar 2027
- NP Care at Home
- Health Care and Social Assistance
- -
- -
- Mar 2027
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | Mar 2027 | ||
| Kosmic Kids | Educational Services | - | - | Mar 2027 | ||
| NP Care at Home | Health Care and Social Assistance | - | - | Mar 2027 |
PROPERTY TAXES
| Parcel Number | 200496900A00A0000 | Total Assessment | $1,294,040 (2023) |
| Land Assessment | $178,770 (2023) | Annual Taxes | $29,712 ($2.19/SF) |
| Improvements Assessment | $1,115,270 (2023) | Tax Year | 2022 Payable 2022 |
PROPERTY TAXES
Parcel Number
200496900A00A0000
Land Assessment
$178,770 (2023)
Improvements Assessment
$1,115,270 (2023)
Total Assessment
$1,294,040 (2023)
Annual Taxes
$29,712 ($2.19/SF)
Tax Year
2022 Payable 2022
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Fully Occupied Office | 1701 N Hampton Rd
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