Hampton Place | 2406 Emmett St
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Hampton Place 2406 Emmett St
10,741 SF 100% Leased Office Building Dallas, TX 75211 £1,217,145 (£113/SF) 9% Net Initial Yield
Investment Highlights
- Frontage on S Hampton Rd
- Heavy Daytime Traffic
- Lots of Natural Light
- Corner Building
Executive Summary
**Investment Opportunity**: This is a 10,741 square foot multi-tenant commercial/residential investment property that is fully leased, offering a 9% cap rate with an average weighted average lease term (WALT) of 3 years. The site is located just 6 miles from downtown Dallas and is strategically positioned near several major traffic routes, including I-30 and I-35. It is within walking distance of the DART Hampton Station and bus stops along Emmet Street. The current zoning is MU-1, and the property is situated in the Hampton-Clarendon corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,741 SF
Building Class
C
Year Built
1965
Price
£1,217,145
Price Per SF
£113
Net Initial Yield
9%
NOI
£109,543
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
10,741 SF
Building FAR
0.77
Lot Size
0.32 AC
Zoning
MU-1 - Mixed Use
Parking
27 Spaces (2.51 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Courtyard
- Signage
- Air Conditioning
- Balcony
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PROPERTY TAXES
Parcel Number | 00000289162000000 | Improvements Assessment | £414,307 |
Land Assessment | £55,163 | Total Assessment | £469,470 |
PROPERTY TAXES
Parcel Number
00000289162000000
Land Assessment
£55,163
Improvements Assessment
£414,307
Total Assessment
£469,470
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Hampton Place | 2406 Emmett St
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