For Sale
$899,000

301 Center Court DrBridgeport, TX 76426

7-Tenant Net Lease, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity in Bridgeport, Texas, presents a fully occupied 10,320 square foot flex space currently generating a strong 7.62% cap rate. This multi-tenant property, located at 301 Center Ct Dr, 76426, boasts seven tenants, including six office suites and a large (8,300 sq ft) warehouse space operating as a successful gym. The office suites are individually leased on renewable three-month terms, while the gym operates under a favorable five-year percentage lease exceeding market rates per square foot. The property sits on a 0.924-acre corner lot, offering significant expansion potential for additional warehouse space or office suites. Built in 2003, the building features ceiling heights ranging from 11 to 20 feet, providing versatile space for various uses. The property's strategic location just off Highway 380, near new retail, medical facilities, and national brand tenants, ensures strong tenant demand and future growth potential. The asking price is $899,000, with a Net Operating Income (NOI) of $68,480, and a price per square foot of $87.11. This is a rare opportunity to acquire a stable, high-performing investment property in a rapidly growing area.

Highlights

  • $899,000 asking price for a 10,320 square foot industrial flex property in Bridgeport, TX.
  • 7.62% cap rate with a $68,480 NOI.
  • Fully occupied multi-tenant property with seven tenants.
  • Net lease investment opportunity with a mix of short-term office leases and a long-term gym lease.
  • Located on a 0.924-acre lot with potential for expansion.
  • Building features ceiling heights ranging from 11 to 20 feet.

Property Details for 301 Center Court Dr

Property type
Industrial properties, Flex space
Square Feet
10,320 SF
Year Built
2003
Lot Size (sq. ft)
40,249 SF

Location Insight

City
Bridgeport
County
Wise
State
Texas
Latitude
33.221256344878
Longitude
-97.763865460152
301 Center Court Dr, Bridgeport, Texas

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301 Center Court Dr
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