100 Parker Sq RdFlower Mound, TX 75028

Property Details for 100 Parker Sq Rd

Property size (Sq ft)

32,517 SF

Property type

Office properties

Description

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.

Location Insight

City

Flower Mound

County

Denton

State

Texas

Latitude

33.0394

Longitude

-97.0495

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