Wednesday, October 03, 2007

Office/Flex: The Metroplex Tech Center - Carrollton, TX

Purchase Price: $17,100,000
Minimum Purchase: $300,000
Cap Rate: 6.77%
Projected Cash-on-cash Return: 7.02%
Click here to view available properties.The Metroplex Tech Center is located in Carrolton, TX, approximately 15 miles north of Dallas in the Quorum/Bent Tree Submarket. Close proximity to the LBJ Freeway and the Dallas Parkway allows for easy access to both Dallas/Fort Worth and Love Field Airports. Constructed in 1999, the property contains approximately 106,000 RSF currently 100% leased to four national tenants--Konica-Minolta (KNCAF), LA Fitness, ICT Group (ICTG), and Securus Technologies--who benefit from the building’s great location and upgraded electrical infrastructure which includes dual power feeds and a 2 MW generator. All leases are NNN with over 70% of the space leased through 2011 and beyond, providing owners with both stability of income and protection from increased operating expenses.

Please contact me for a full marketing brochure and further information regarding this investment.

0 Comments:

Post a Comment

<< Home