1604 Martinez Lane, Wylie, Texas 75098

$1,150,000
List Price
$1,150,000
Price Change
▼ $49,000 1719870238
MLS#
20633809
Status
ACTIVE
Type
Commercial
Year Built
2023
Construction Status
New Construction - Complete
Acres
0.30
County
Collin
City
Wylie
Subdivision
Validus

Property Description

100% occupied with a 5 Year lease in place and 3% annual increases in rent. Discover the ultimate investment opportunity in this Newly Constructed warehouse office flex building. Located in a prime area of Wylie, this property perfectly merges functionality, convenience, and versatility.

Additional Information

Unexempt Taxes
$12,000
Average Monthly Lease
7453
Annual Insurance
4000
Total Annual Expenses
Insurance, Maintenance Grounds, New Tax, Other
Gross Annual Expenses
14000
Gross Annual Income
89436
Tenant Pays
All Utilities, Cable TV, Electricity, Gas, Sewer, Trash Collection, Water, Other
Lot Size
13,068
Acres
0.30
Subdivided
No
Handicap Yn
Yes
Flooring
Ceramic Tile, Concrete
Foundation
Slab
Roof
Metal
Building Stories
1
Ceiling Height Type
15 to 20 Feet
Street Utilities
City Sewer, City Water
Heating Cooling
Other
Construction Material
Brick
Parking Garage
Common, Concrete, Garage Door Opener, Garage Faces Rear
Possession
Closing/Funding
Building Sq. Ft.
5590
Number of units
2
Leasable Sq Ft
5590
Occupancy Rate
100
Building Use
Automotive, Building Services, Industrial, Office/Warehouse, Storage Warehouse, Wholesale, Other
Zoning
Light Industrial
Possession
Closing/Funding

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Michael Parker from Prestigious Homes. Contact: 214-228-3586