For Sale
$8,500,000

100 Parker Sq RdFlower Mound, TX 75028

High-Cap Rate Office Investment, Texas

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A office building in Flower Mound, Texas presents a compelling investment opportunity. Located at 100 Parker Square Rd, 75028, this 32,517 square foot property sits on an 85,073 square foot lot and boasts a strong 7.00% capitalization rate, generating a net operating income (NOI) of $595,175. The asking price is $8,500,000, translating to a price per square foot of $261.40. The building is 100% leased to Midwestern University, a century-old institution and a subsidiary of Texas Tech University, ensuring a stable and reliable income stream. This build-to-suit property features significant recent upgrades exceeding $1.2 million, all paid for by the tenant. The building itself is constructed with a steel frame and all-masonry exterior, offering durability and lasting value. Ample parking is provided with a fully improved reinforced concrete parking structure accommodating 102 vehicles. This investment presents a rare opportunity to acquire a high-quality, fully leased Class A office building in a prime location with a guaranteed tenant and exceptional financial performance. The property is situated in Denton County and offers a secure investment backed by the financial stability of a major university. This is a turnkey investment ready for immediate income generation.

Highlights

  • $8,500,000 asking price for a Class A office building.
  • 32,517 square feet with a price per square foot of $261.40.
  • 7.00% cap rate and a Net Operating Income (NOI) of $595,175.
  • Located at 100 Parker Square Rd, Flower Mound, TX 75028, on an 85,073 square foot lot.
  • 102 parking spaces.
  • Broker co-op available.

Property Details for 100 Parker Sq Rd

Property type
Office properties
Square Feet
32,517 SF
Class
A

Location Insight

City
Flower Mound
County
Denton
State
Texas
Latitude
33.0394394
Longitude
-97.049499
100 Parker Sq Rd, Flower Mound, Texas

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100 Parker Sq Rd
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