28000 Ranch Road 12

Estimated Monthly Payment: $21,284/mo 28000 Ranch Road 12, Dripping Springs, TX 78620 MLS# 4466164 Commercial Sale Listing Status: Active
28,700 sqft
123
157
0
5

REMARKS:

100% Leased, single tenant. 8% Cap rate. $12/ft absolute net 38 month lease with 2- 2 YR options for renewal. Annual NOI $344, 400, $28, 700/month. Main building is the old Dripping Springs Hardware store, was renovated in 2008. It is 20, 7000 sqft w/ approx 4000 sq ft showroom/office with HVAC, & the remainder is 2 story warehouse/ production space. Addl building was built in 2017, 8000 sq ft w/24 ft high ceilings & adjustable lift loading docks. Unique property with strong redevelopment potential.

OVERVIEW:

Commercial Sale
Indus Bldg-Office/Warehouse
Active
Philip A Smith Surv 26
28700
Central Heat
Central Air
Dripping Springs/Wimberly
Slab
Electricity on Property
City
City on Property

FINANCIAL:

$4,305,000
$19,829
2017

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Property listed by Realty Austin

 

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Realty Southwest Market Center shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Database last updated 10/23/2018 3:00:03 AM.

 

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