104-106 Grapevine HwyHurst, TX 76054

For Sale
$2,300,000

Texas Medical Office Building - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 9,623 square foot Class B medical office building in Hurst, Texas, presents a compelling investment opportunity. Located at 104-106 Grapevine Hwy, 76054, this single-story, 2007-built property boasts a stabilized four-tenant occupancy, generating a strong net operating income (NOI) of $184,203 and an 8.00% capitalization rate. The asking price is $2,300,000. Situated on a 1.12-acre lot, the property offers ample parking with a ratio of 5.3 spaces per 1,000 square feet. Key features include prominent monument signage availability, move-in ready suites or master lease space options, and high visibility due to direct exposure to Colleyville Blvd. This owner-user investment opportunity is ideal for both investors seeking a stable, high-return asset and medical professionals looking for a prime location to establish or expand their practice. The property's strong tenant base and desirable location in Tarrant County, Texas, ensure a secure and profitable investment. The building's excellent condition and ample parking further enhance its appeal. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a thriving market.

Highlights

  • Owner/User Investment Opportunity.
  • Stabilized four-tenant medical office building.
  • Monument signage available.
  • Move-in ready suites and master lease space available.
  • Ample parking (5.3 spaces per 1,000 sq ft).
  • High-visibility location with direct Colleyville Blvd exposure.

Property Details for 104-106 Grapevine Hwy

Property type
Other office properties, Medical offices
Square Feet
9,623 SF
Class
B
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Hurst
County
Tarrant
State
Texas
Latitude
32.8716176
Longitude
-97.1676411
104-106 Grapevine Hwy, Hurst, Texas

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104-106 Grapevine Hwy
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