130 South Preston Rd, Prosper, TX 75078
- Office buildings
- 39,666 SF
- 1.56 lot acres
Current Use by Public Records
- Towing & Roadside Service | RoadAngel / Auto Repair Shop
- NexGen Fitness / Gym & Fitness Center
- Encryption Consulting LLC / Consultant
- Lloyd and Hodge Tax and Accounting Services / Accounting Firm / Tax Preparation
- FUSE Workspace / Coworking & Hybrid Office
Property Details for 130 South Preston Rd
- Year built
- 2017
- Lot size
- 1.56 lot acres
- Property type
- Office buildings
- APN
- R-11076-00A-0010-1
- APU
- R1107600A00101
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 12, 2022 | — | Core III Prosper LLC | Dpg Preston Center Office LLC | Special Warranty Deed | $9.5M · First United Bank & Trust Co |
| Sep 14, 2021 | — | Track Commercial Group LLC | Bg Gbt Broadway & Perston LP | Deed | $1.7M · Pointbank |
| Nov 24, 2020 | — | Dpg Preston Center Office LLC | — | Deed · related | $1.4M · Farmers Bk |
| Dec 3, 2019 | — | Dpg Preston Center Office LLC | — | Deed · related | $1.4M · Farmers Bk |
| Nov 19, 2018 | — | Dpg Preston Center Office LLC | — | Deed Of Trust · related | $1.4M · Farmers Bk |
| Jul 25, 2018 | — | Dpg Preston Center Office LLC | — | Deed · related | $6.9M · Farmers Bk |
| — | — | Dpg Preston Center Office LLC | — | Loan Modification · related | $1.4M · Farmers Bk |
| — | — | Dpg Preston Center Office LLC | — | Deed Of Trust · related | $6.9M · Farmers Bk |
| — | — | Dpg Preston Center Office LLC | — | Loan Modification · related | $1.4M · Farmers Bk |
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.
Value Estimations
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,730,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- 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
