303 King Rd
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303 King Rd
17,200 SF Specialty Building Offered at $5,200,000 at a 7.50% Cap Rate in Frisco, TX 75036
Investment Highlights
- 3 acres raw land can be used for public storage or small warehouse
- Cash-flow opportunity
Executive Summary
Investment sale, great 1031 exchange option. Fully leased property, sits on three acres of land. Lease includes 10% rent bumps over the next 2 years. Rent will increase twice within the next 24 months.
Property Facts
| Price | $5,200,000 | Building Class | B |
| Price Per SF | $302 | Lot Size | 2.00 AC |
| Sale Type | Investment | Building Size | 17,200 SF |
| Cap Rate | 7.50% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 2008/2012 |
| Property Subtype | Schools | Parking Ratio | 4.83/1,000 SF |
| Price | $5,200,000 |
| Price Per SF | $302 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 17,200 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2008/2012 |
| Parking Ratio | 4.83/1,000 SF |
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | R184847 | Improvements Assessment | $2,638,990 |
| Land Assessment | $606,352 | Total Assessment | $3,245,342 |
PROPERTY TAXES
Parcel Number
R184847
Land Assessment
$606,352
Improvements Assessment
$2,638,990
Total Assessment
$3,245,342
zoning
| Zoning Code | GB-1 and R-3 (General Business and Residential) |
| GB-1 and R-3 (General Business and Residential) |
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Kurt North -
North Pointe Commercial Realty
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303 King Rd
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