3312 Teasley LnDenton, TX 76210
- Office properties
- 20,000 SF
Property Details for 3312 Teasley Ln
- Year built
- 2022
- Property size (Sq ft)
- 20,000 SF
- Property type
- Office properties
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a fully occupied, 20,000 square foot Class A office building in Denton, Texas. Located at 3312 Teasley Ln, 76210, this two-story building boasts a single, private equity-backed tenant under a NNN lease with a remaining term of 7.4 years (expiring April 30, 2032, with commencement March 14, 2022). The property offers a strong NOI of $490,774, resulting in a 6.33% cap rate and a price per square foot of $387.50. Built in 2022, the building features premium finishes and modern amenities, catering to the needs of executive, medical, and traditional office tenants. Its prime Denton location provides excellent visibility and accessibility. The long-term lease and strong tenant provide a stable and predictable income stream, making this a compelling investment opportunity in a thriving Texas market. The property includes rent bumps, ensuring future income growth. This is a single-tenant, single-unit building with 100% occupancy. The asking price is $7,750,000.
Location Insight
- City
- Denton
- County
- Denton
- State
- Texas
- Latitude
- 33.1715
- Longitude
- -97.1132
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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