3312 Teasley LnDenton, TX 76210

For Sale
$7,750,000

High-yield, fully occupied office investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully occupied, 20,000 square foot Class A office building in Denton, Texas. Located at 3312 Teasley Ln, 76210, this two-story building boasts a single, private equity-backed tenant under a NNN lease with a remaining term of 7.4 years (expiring April 30, 2032, with commencement March 14, 2022). The property offers a strong NOI of $490,774, resulting in a 6.33% cap rate and a price per square foot of $387.50. Built in 2022, the building features premium finishes and modern amenities, catering to the needs of executive, medical, and traditional office tenants. Its prime Denton location provides excellent visibility and accessibility. The long-term lease and strong tenant provide a stable and predictable income stream, making this a compelling investment opportunity in a thriving Texas market. The property includes rent bumps, ensuring future income growth. This is a single-tenant, single-unit building with 100% occupancy. The asking price is $7,750,000.

Highlights

  • $7,750,000 asking price for a Class A, 20,000 square foot office building.
  • Located at 3312 Teasley Ln, Denton, TX 76210.
  • 100% occupied by a single, private equity-backed tenant under a NNN lease with 7.4 years remaining (Lease expires 04/30/2032).
  • $490,774 Net Operating Income (NOI) yielding a 6.33% cap rate.
  • $387.50 price per square foot.

Property Details for 3312 Teasley Ln

Property type
Other office properties, Medical offices
Square Feet
20,000 SF
Class
A
Year Built
2022
Buildings
1
Stories
2
Units
1

Location Insight

City
Denton
County
Denton
State
Texas
Latitude
33.171533325334
Longitude
-97.113174833395
3312 Teasley Ln, Denton, Texas

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3312 Teasley Ln
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