130 Preston Rd Prosper, TX 75078-9808

Property Details for 130 Preston Rd

Year built

2017

Lot size

1.56 lot acres

Property size

39,666 SF

Property type

Office buildings

APN

R-11076-00A-0010-1

APU

R1107600A00101

Description

This exceptional Class A office building, totaling 4,852 square feet, presents a compelling investment opportunity in the rapidly growing city of Prosper, Texas. Located at 130 S Preston Rd, 75078, this single-story, 2022-built property boasts a 100% occupancy rate with a strong corporate-guaranteed tenant under a NNN lease with rent bumps. The current lease commenced May 4, 2022, and has a remaining term of 7.5 years, expiring May 31, 2032. The property generates a substantial net operating income (NOI) of $163,360, yielding a 6.28% cap rate. The asking price is $2,600,000, translating to $535.86 per square foot. This investment offers a stable income stream with significant upside potential in a thriving Collin County market. The property is suitable for executive, medical, or traditional office uses. The building's modern design and amenities cater to the needs of discerning tenants. This is a rare opportunity to acquire a fully occupied, high-quality asset in one of North Texas' most desirable locations. The property's prime location in Prosper ensures excellent visibility and accessibility, benefiting from the area's robust economic growth and business-friendly environment.

Location Insight

City

Prosper

County

Collin

State

Texas

Longitude

-96.787

Latitude

33.2364

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments