UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Precint Line Office Park
MLS Listing ID 20956469
Total Fin. Sqft 3263
Year Built 2011
Annual Tax Amount $12,745
Lot Size 0.597 Acres
Acres 0.597
Property Sub-Type Retail
Property Description
Two free standing properties (only selling as a portfolio):
-For Sale: $2,900,000.00
-CAP Rate: 8.5%
-Combined Occupancy: 87%
Building Features:
-Shared Amenities including waiting area, lounge, restrooms, wash stations and laundry
-Parking ratio 11 : 1,000 SF
-Irrigation system
-Energy efficient windows
-High-speed internet and telecommunications infrastructure
-New 30yr designer roof installed on both salons Oct. 2024
-Video notification system in Salon Amis to notify the stylists of their clients
-Security System
-Access Key Pad for stylists
-No POA or HOA
Investment Highlights:
Prime Location: High traffic area along Precinct Rd. (Traffic Volume 28,625) in North Richland Hills.
Diverse Tenant Base: The suites are home to a variety of tenants including hairstylist, nail techs, estheticians and other beauty professionals.
Stylish Office: Built with a modern, comfortable and private environment.
Attractive Leasing Opportunity: Multi-tenant with short-term leases, allows dynamic repricing.
Well-Maintained: The building is in excellent condition with modern renovations and upgrades.
Low Turnover and High renewal rate: 62% of tenants have had a lease for more than 5 years.
Location
State TX
County Tarrant
Zoning Business
Direction From Hwy 26, take Precinct Line Rd north. Turn left onto Regency Dr.
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Heat Source Central
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Garage No
Building
Foundation Slab
Structure Type Frame,Stone Veneer
Others
Ownership See Agent
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20956469
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.