8721 Airport Freeway, North Richland Hills, Texas 76180

$2,912,155
List Price
$2,912,155
MLS#
14478225
Status
ACTIVE
Type
Commercial
Year Built
1982
Construction Status
Preowned
Acres
1.98
County
Tarrant
Area
N RICHLAND HILLS/RICHLAND HILLS AREA (127)
City
North Richland Hills
Subdivision
Richland Oaks Sub

Property Description

Fantastic updated & modern Class B office located in North Richland Hills (near North East Mall, Hurst Conference Center, Tarrant County College (NE campus), & other great venues in the DFW mid-cities area). Total of 24,050 RBA; both floors fully leased. 7.61% proforma CAP. ~$850K renovations of 1st floor - gutted & renovated ground up (2018); ~$150K+ renovations of 2nd floor (2015). Prime location w immediate access to SH-183 (Airport Fwy) & I-820N); top of bldg signage; traffic count:~157,000 VPD. New 60-mil TPO roof (2018); Rehabbed TRANE 35-ton RTU's-VAV's + new HVAC mgmt syst. Zoned C-1 (general comm). Located 13 minutes frm DFW Intl Airport & from downtown Fort Worth; 25 minutes frm downtown Dallas.

Additional Information

Unexempt Taxes
$57,251
Features
Elevator, Fire Alarm, Firewalls, Multi-User, Security Lighting, Security System, Yard Sprinklers
Gross Annual Expenses
210835
Gross Annual Income
403980
Tenant Pays
Electric
Lot Size
86,248
Acres
1.98
Subdivided
No
Flooring
Carpet, Luxury Vinyl Plank
Foundation
Slab
Roof
Other
Stories
2
Walls
Brick
Ceiling Height Type
8 to10 Feet
Street Utilities
City Sewer, City Water, Curbs, Master Gas Meter, Master Water Meter, Sidewalk
Heating Cooling
Central Air-Elec, Central Heat-Elec, Zoned
Construction Material
Brick
Parking Garage
Assigned Spaces, Common Lot
Road Frontage Desc
Concrete, Curbs/Gutters, Interstate
Proposed Financing
Cash, Conventional
Building Sq. Ft.
24050
Number of units
1
Leasable Sq Ft
24050
Occupancy Rate
100
Building Use
Office
Inclusions
Building Only
Possession
Closing/Funding

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Realty Side by Side, LLC.