Campbell Road 3-Tenant 2006 W Campbell Rd 9,883 SF 100% Leased Office Building Garland, TX 75044 $6,503,025 CAD ($658.00 CAD/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 2018 Construction with Average In-Place Rents of $29.26 PSF NNN, Annual Escalations & Base Lease Expiration of December 2028
- Average Household Income Exceeds $110,843, $128,432, & $124,862 in 1, 3 & 5-Mile Radii, Respectively
- Over 3,400 Adjacent New/Existing Multifamily Units off the Intersection off Campbell Road & President George Bush Turnpike
- Combined Traffic Counts Over 115,203 VPD with President George Bush Turnpike & Campbell Road
EXECUTIVE SUMMARY
Campbell Road 3-Tenant is a 9,883 square foot medical and professional building situated just off the intersection of President George Bush Turnpike and West Campbell Road, between two signalized intersections. The Property is approximately 20 minutes northeast of Downtown Dallas. The Property is 100% leased to Porsch Dental, Fidelity National Title, and Schwed Pediatric Dentistry & Orthodontics. Positioned between the two signalized intersections of President Geroge Bush Turnpike and West Campbell Road on +/- 1.38 acres, the Property benefits from exceptional visibility, two monument signs, and multiple ingress/egress points along West Campbell Road and Naaman Forest Boulevard. The average weighted lease term expiration is December 2028 with all tenants experiencing rent escalations during their primary terms.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,883 SF
Building Class
B
Year Built
2018
Price
$6,503,025 CAD
Price Per SF
$658.00 CAD
Cap Rate
6.35%
NOI
$413,009 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,883 SF
Building FAR
0.16
Lot Size
1.38 AC
Zoning
PD - Planned Development District
1 of 1
PROPERTY TAXES
| Parcel Number | 65124141510130100 | Improvements Assessment | $0 CAD |
| Land Assessment | $3,200,716 CAD | Total Assessment | $3,200,716 CAD |
