Sold
151 E FM 407
Argyle TX, 76226
Price upon request
Sold
23,580 sqft
Commercial
Built in 2020
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.
20014692
MLSⓇ ID
April 10, 2024
Updated
Map
151 E FM 407
Argyle TX, 76226
Interior Features
Total Stories
2
Floor Description
Concrete, Painted/Stained
Fireplace
No
Cooling
Yes
Cooling Description
Multi Units
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
2.08 Acres
Roof
Flat, Synthetic
Sewer
Public Sewer
Other Property Details
Garage
No
Parking
Additional Parking, Concrete, On Site, Paved, Parking Lot
View
No
County
Denton
Water Source
Public
Pool
No
Buyer Agency Compensation
3%
Listed by Mathieu Ryon with Mathieu Ryon
Listing Contact: 940-300-9927
The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 4/10/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 North Texas Real Estate Information Systems, Inc. all rights reserved.
Data last updated on 4/10/2024 at 9:57 PM UTC