Martinez Industrial 1703 Martinez Ln 15,000 SF Flex Building Wylie, TX 75098 $2,930,000 ($195.33/SF) 6.04% Cap Rate
EXECUTIVE SUMMARY
Single Tenant 15,000 SF Building on .87 Acres - Secured Fencing Surrounding Building
Highway Access – Located near Highway 78, Just South of Farm To Market 544
Modern Flex Building with approximately 2,200 SF of Office (85/15 Warehouse to Office)
6 Grade Level Doors Providing Ease of Warehouse Storage
Vacancy Creates ideal Opportunity for Owner Occupier or Investor Looking to Capture Market Rents
Submarket Occupancy Rate of 94% Creating Limited Supply in a High Growth Area
Strategically Located in the High Growth Submarket of Wylie, TX.
The Population within a 10-Mile Radius is over 630,000 People
Average Household Income in a 5-Mile Radius is over $136,000.
Highway Access – Located near Highway 78, Just South of Farm To Market 544
Modern Flex Building with approximately 2,200 SF of Office (85/15 Warehouse to Office)
6 Grade Level Doors Providing Ease of Warehouse Storage
Vacancy Creates ideal Opportunity for Owner Occupier or Investor Looking to Capture Market Rents
Submarket Occupancy Rate of 94% Creating Limited Supply in a High Growth Area
Strategically Located in the High Growth Submarket of Wylie, TX.
The Population within a 10-Mile Radius is over 630,000 People
Average Household Income in a 5-Mile Radius is over $136,000.
PROPERTY FACTS
| Price | $2,930,000 |
| Price Per SF | $195.33 |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.87 AC |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Tenancy | Single |
| Parking Ratio | 1.26/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | I |
MAJOR TENANTS
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PROPERTY TAXES
| Parcel Number | R-1675-00B-002R-1 | Improvements Assessment | $849,540 |
| Land Assessment | $264,061 | Total Assessment | $1,113,601 |
