54,906 Square Foot Retail Space For Lease @ 2934 Bert Kouns Industrial Loop

Asking price of $2,150,000 is below appraised value of $2,340,000!

This investment offering is 100% occupied and consists of two retail buildings both fronting on West Bert Kouns Industrial Loop Expressway.

The first is 2934 W Bert Kouns Industrial Loop, a 1,200 square foot free standing building situated on 0.46 acres and is the existing AutoRama car dealership. The current rent for this tenant is $2,500 per month plus $450 per month of common area maintenance expenses. This tenant has the exclusive use for the 0.46 acre tract of land which is gated and fenced.

The main building is 2940 W Bert Kouns Industrial Loop, is a two tenant building consisting of 53,756 square feet situated on 3.55 acres. This building houses Direct Buy and Barrett's Stone Gallery. Direct Buy contains 16,643 square feet pays $6.00 per square foot per year plus taxes and insurance. Barrett's Stone Gallery contains 37,113 square feet and pays $2.93 per square foot plus taxes and insurance.

All leases are on a month to month basis and may be renewed for an investor purchaser. All leases are net of tenant's pro rata share of property taxes and insurance. Owner's insurance and management fees are currently $0.55/square foot per year and are the only landlord expenses.