1301 Municipal provides an investor a unique opportunity to purchase an institutional-quality office buildingat a lower price point than most Class A facilities providing an attractive return for an equity investor. TheProperty is located in the high-growth area of northeast Tarrant County in the affluent Grapevine/Colleyville/Southlake corridor which is home to many celebrities, actors and sports figures. The building is minutes fromDFW Airport and walkable to dozens of restaurants, wineries, bars and hotels including the new Vin and RitzCarlton developments. Tenants also have walkable access to a beautiful state-of-the-art gym and swimmingpool at a discounted rate. The building is ideally located and has plenty of parking. Thus, the occupancy hasremained high and is currently at 95%. Two of the four tenants have been in the building for many years. The5% vacancy is the owner-occupied management office which could be leased to further enhance profitability.The office is very well maintained and in excellent condition. The owners completed over $500K of upgrades in2018/2019. Additional financial information in available upon execution of a confidentiality agreement.
- Property Type : Office
- Class : A
- Listing Size : 30,480
- Year Renovated : 2019
- Year Built : 1997
- Stories : 2
- Typical Floor Size : 15,240
- Elevators : 0