Offering Memorandum 142 and 144 Old Town : : Argyle, TX 76226 OFFICE INVESTMENT OPPORTUNITY : : DENTON COUNTY 6,725 SF : : $1,740,000 : : 7.0% CAP RATE Exclusively Offered by: Steve Shrum shrum@glaciercommercial.com O 214.637.4300 C 817.881.3837 Paul Blight pblight@glaciercommercial.com O 214.637.4300 C 214.682.7192
Content 04 Executive Summary 06 Property Information
Executive Summary Glacier Commercial Realty, L.P. has been hired to exclusively represent the ownership in the sale of 142 and 144 Old Town in Argyle, TX 76226 ( Property ), totaling approximately 6,725 square foot in two Professional Office/Retail Buildlings located in one of the fastest growing counties in the United States. The assets, are currently 100% occupied with four tenants. The asset represents an ideal low-maintenance opportunity for an investor seeking secure cashflow with minimal oversight. The Property benefits from its central location in Argyle. Argyle is strategically located within Denton County. The Town of Argyle provides its residents with a small-town atmosphere and a central location within Denton County. Argyle s location within the Metroplex (Dallas, Fort Worth, Denton) allows Argyle s residents easy access to business centers, medical facilities, shopping, entertainment, cultural activities, and professional sporting events. The Commons At Argyle 142 and 144 Old Town, Argyle Texas EXCELLENT TRANSPORTATION, A GROWING ECONOMY, AND PROXIMITY TO THE DALLAS/ FORT WORTH METROPLEX AREA MAKE ARGYLE PLACE TO DO BUSINESS 4 Strategically located within Denton County (one of the fastest growing counties in the United States)t Close proximity to the Dallas/Ft. Worth Metroplex Small-town atmosphere and a central location within Denton County. Low local property tax rate One of the fastest growing, active business communities in all of Texas Pro business climate High quality family oriented lifestyle with a rich selection of excellent private and public schools, parks and public amenities The Town of Argyle enjoying an annual growth rate of nearly14%, we are poised to become an economic hub within the DFW Metroplex for decades to come
LOCATION, LOCATION, LOCATION! 5
Property Information Property Details Address: Property Type: 142 and 144 Old Town Argyle, TX 76226 Year Built: 2013 and 2005 Total GLA: Professional Office/Retail Buildings 6,725 square feet Buildings: 2 Unit 1 144 Old Town Approx. 2578 SF Unit 2 142 Old Town Approx. 4147 SF Occupancy: 100% Building Type: Roof: Traffice Counts: One Story Garden Style Office Buildings with Stone and Brick Exterior Composition Roof Southlake Boulevard (FM 1709): 48,446 VPD Property Features Two High Quality buildings with high end finishout Located on Hwy 377 and Old Town Blvd. North with Excellent visibility and access Building offers Tenants a flexible space plan and a variety of uses Unique low-maintenance investment with stable tenants present low-risk The Town of Argyle truly offers the best of both worlds with the benefits of a quiet, small community atmosphere, along with the convenience of its close proximity of the Dallas/Fort Worth Metroplex Argyle s excellent location within the Golden Triangle region of Denton to the North, Fort Worth to the West and Dallas to the East, provides a great place to reside, raise a family as well as hdo business The information contained herein was obtained from sources deemed reliable; however, Glacier Commercial makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. 6
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Offering Memorandum 142 and 144 Old Town : : Argyle, TX 76226 6,725 SF : : $1,740,000 : : 7.0% CAP RATE Exclusively Offered by: Steve Shrum Co-Managing Partner shrum@glaciercommercial.com O 214.637.4300 C 817.881.3837 Paul Blight Vice President pblight@glaciercommercial.com O 214.637.4300 C 214.682.7192 2017 Glacier Commercial Realty, L.P. The information contained in this document has been obtained from sources believed reliable. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. Glacier Commercial Realty makes no representation regarding the value of the property addressed in this report.