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Listed by Jonathan Dunn CHARLES POOL REAL ESTATE
$ 2,315,000
Est. payment /mo
Active
766/807 Hurst Street Center, TX 75935
8 Baths
19,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 19,500 sqft
Price per Sqft $118
MLS Listing ID 22200781
Year Built 2020
Lot Size 1.850 Acres
Property Sub-Type Retail
Property Description
High visibility retail strip centers with mix of stabilized income across (2) buildings and (7) in-place tenant leases and value add opportunity in the areas of roof line expansion, lease restructure and mark-to-market opportunities and lease-up of the (23) newly constructed self storage units with room to add up to (15) more. With a Pro Forma Year 1 Net Operating Income of $217,753.72, the going in cap rate is 9.65% at the asking price.
Location
State TX
Area Shelby
Interior
Heating Other
Cooling Central Air, Electric
Inclusions Other
Exterior
Roof Type Metal
Road Frontage State Road
Building
Story 1
Sewer Public Sewer
Water Public, Other
Schools
Elementary Schools Other
School District Center
Others
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