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8018 Preston
Frisco, TX 75034

$465,000 USD

Loft Creative Space Condo For Sale  •  1,150 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 4,600 SF
  • Building Class C
  • Year Built 2021
  • Cap Rate 6.96 %
  • Tenancy Multiple
  • Zoning Office
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 501 Office 1,150 SF $465,000 USD
  • Unit Size: 1,150 SF
  • Condo Use: Office
  • Price: $465,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $404.35 USD
Description
End cap unit at the front of the complex with the easiest visibility and accessibility off of the Preston Road entrance.  Being an end cap unit gives it additional windows and greater access to parking. Lots of upgraded finishes in the suite.

Sale Notes
This is a unique sale in that there is a tenant in there until July of 2027, but the unit is priced in comparison to vacant units, as opposed to being priced off of the NOI.  Rare opportunity to purchase a unit at market price for vacant suites and receive bonus income of ~$2,700/month through June 2027 with the current lease.  For that reason, this sale is better for Investors unless an owner/user is comfortable waiting approximately one year to occupy.

Property Flyers

Cap Rate: 6.96 %

Major Tenants

Tenant SF Occupied Lease End Date
Barnes Cook Counseling Association

Amenities

  • Wi-Fi
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Dallas Love Field 34 min - 25.3 mi
Dallas-Fort Worth International 32 min - 25.8 mi
Justin Keane 214-686-9007 Wynmark Commercial
Justin Keane 214-686-9007 Wynmark Commercial