151 E FM 407 Argyle, TX 76226

This single tenant build-to-suit office building was complete in late 2020. The building currently houses a single tenant (BPS.Technology) with 5 years of primary lease term remaining and three 5-year renewal options. The tenant is responsible for all taxes, insurance, and common area maintenance costs associated with the property. The tenant has signed a lease that is generating $372,000 in base rental income. We are currently offering this investment on a 5.314% capitalization rate off of in-place rental income ($7,000,000).BPS Technology is a privately held energy technology and intellectual property firm with annual revenue of approximately $20 MM per year. This is the only BPS Technology office and currently serve as their mission critical headquarters facility.