Office

125 Bear Creek Pkwy

125 Bear Creek Pkwy, Keller, TX 76248

Listing Price: $2,000,000

Cap Rate
6.54%
Gross SF
10,066
Rentable SF
10,066
Price/Gross SF
$198.69
Lot Size
1.00 acres
Year Built
1996

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 125 Bear Creek Parkway, in Keller, Texas (Property). The property is currently 100 percent leased to Linux Academy Inc.

The Class B, multi-tenant, office building contains 10,066 square feet of total rentable area and is conveniently located within one mile of Denton Highway and Keller Parkway, respectfully known as Highway 377 and FM 1709, allowing easy access to the asset. The property benefits from strong demographics, serving a five-mile population of approximately 250,044 residents with a one-mile average household income exceeding $129,712.

The property was built in 1996 and has been held by the same owners for over 15 years. The asset is well-maintained and features three new HVAC - installed over the last year, and the seller reports a roof replacement in 2017. In addition, the owners installed new LED lights outside of the building this past year. Offering an exceptional location, outstanding accessibility, abundant amenities and stable cash flow, the subject property represents an excellent core investment opportunity.

Keller, Texas, is conveniently located in the Dallas-Fort Worth metroplex, allowing for a short commute of one hour or less to major cities such as Dallas and Fort Worth. Keller continues to be an attractive suburb of the DFW metroplex, being named to CNN/Money Magazine biennial listing of "Top 100 Places to Live- America's Best Small Towns" three times since 2007. This city also earned awards from SmartAsset for Top 10 Cities to Raise a Family in Texas and from Safewise for 50 Safest Cities in Texas. Top employers in the area include AMR Corp (American Airlines and Envoy Air), Texas Health Resources, Lockheed Martin, NAS Fort Worth JRB, and Bell Helicopter Textron, Inc.

Investment Highlights

  • Densely Populated Area with 116,843 Residents Within Three Miles
  • 10,066-Square Foot, Multi-Tenant Office Building
  • Class B Office Building
  • Fully Occupied

Exclusively Listed By

Listing Price: $2,000,000

Cap Rate
6.54%
Gross SF
10,066
Rentable SF
10,066
Price/Gross SF
$198.69
Lot Size
1.00 acres
Year Built
1996

Investment Highlights

  • Densely Populated Area with 116,843 Residents Within Three Miles
  • 10,066-Square Foot, Multi-Tenant Office Building
  • Class B Office Building
  • Fully Occupied

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 125 Bear Creek Parkway, in Keller, Texas (Property). The property is currently 100 percent leased to Linux Academy Inc.

The Class B, multi-tenant, office building contains 10,066 square feet of total rentable area and is conveniently located within one mile of Denton Highway and Keller Parkway, respectfully known as Highway 377 and FM 1709, allowing easy access to the asset. The property benefits from strong demographics, serving a five-mile population of approximately 250,044 residents with a one-mile average household income exceeding $129,712.

The property was built in 1996 and has been held by the same owners for over 15 years. The asset is well-maintained and features three new HVAC - installed over the last year, and the seller reports a roof replacement in 2017. In addition, the owners installed new LED lights outside of the building this past year. Offering an exceptional location, outstanding accessibility, abundant amenities and stable cash flow, the subject property represents an excellent core investment opportunity.

Keller, Texas, is conveniently located in the Dallas-Fort Worth metroplex, allowing for a short commute of one hour or less to major cities such as Dallas and Fort Worth. Keller continues to be an attractive suburb of the DFW metroplex, being named to CNN/Money Magazine biennial listing of "Top 100 Places to Live- America's Best Small Towns" three times since 2007. This city also earned awards from SmartAsset for Top 10 Cities to Raise a Family in Texas and from Safewise for 50 Safest Cities in Texas. Top employers in the area include AMR Corp (American Airlines and Envoy Air), Texas Health Resources, Lockheed Martin, NAS Fort Worth JRB, and Bell Helicopter Textron, Inc.

Exclusively Listed By

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