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OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end...
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SVN | DUNN COMMERCIAL | 1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE
OSPREYINDUSTRIALPROPERTY1616 OSPREY DRIVEDESOTO, TX 75115
Dan MorrisSenior [email protected]
Disclaimer
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.
OFFERING SUMMARY
Sale Price: $875,000
Cap Rate: 7.51%
NOI: $65,705
Lot Size: 0.72 Acres
Year Built: 1985
Building Size: 10,484 SF
Zoning: IP
Market: Dallas/Ft Worth
Submarket: South Dallas Ind
$83.46
PROPERTY OVERVIEWInvestment Sale
PROPERTY HIGHLIGHTS
• Located in Eagle Industrial Park
• Quick access to I-20 and I-35
• Fenced And Paved Yard.
• 4 Grade Level Doors 12x12
• 100% leased with 3% bumps years 2 and 3.
Property Summary
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
TENANTNAME
UNITNUMBER
UNITSIZE (SF)
LEASESTART
LEASEEND
LEASESTART
ANNUALRENT
% OFBUILDING
PRICEPER SF/YR
Vertek A&B 10,484 8/1/2018 7/31/2021 Current $83,872 100.0 $8.00
Totals/Averages 10,484 $83,872 $8.00
Rent Roll
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
INCOME SUMMARY
Gross Income $83,872
EXPENSE SUMMARY
Taxes $11,700Insurance $5,367Cam $1,100
Gross Expenses $18,167
Net Operating Income $65,705
Income & Expenses
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Photos
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Photos
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Photos
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
Location Maps
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 6,590 64,966 178,940
Median age 33.5 35.5 35.1
Median age (Male) 27.7 31.6 31.7
Median age (Female) 36.0 38.0 37.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 2,586 24,496 66,180
# of persons per HH 2.5 2.7 2.7
Average HH income $44,492 $55,929 $57,073
Average house value $126,079 $124,050 $129,270
* Demographic data derived from 2010 US Census
Demographics Map
OSPREY INDUSTRIAL PROPERTY | 1616 OSPREY DRIVE, DESOTO, TX 75115 SVN | Dunn Commercial | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and
completeness. All SVN® offices are independently owned and operated.