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SVN | DUNN COMMERCIAL | 1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE OSPREY INDUSTRIAL PROPERTY 1616 OSPREY DRIVE DESOTO, TX 75115 Dan Morris Senior Advisor 817.406.0127 [email protected]

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Page 1: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

SVN | DUNN COMMERCIAL | 1202 CORPORATE DRIVE WEST, ARLINGTON, TX 76006 SALE BROCHURE

OSPREYINDUSTRIALPROPERTY1616 OSPREY DRIVEDESOTO, TX 75115

Dan MorrisSenior [email protected]

Page 2: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.

Page 3: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.

Page 4: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.

Page 5: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.

Page 6: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.

Page 7: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.

Page 8: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.

Page 9: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.

Page 10: OSPREY INDUSTRIAL PROPERTY€¦ · tenant name unit number unit size (sf) lease start lease end lease start annual rent % of building price per sf/yr vertek a&b 10,484 8/1/2018 7/31/2021

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.