AIT Laboratories Single Tenant NNN

1500 I-35W, Denton, Texas 76207

Property Available for: Sale

Property Type: Industrial

Sub-Type: Warehouse

Asking Price: $5,877,000

Contact Agent

Alex Payne

O: (940) 891-2947

C: (972) 979-7727

E-mail

Contact Agent

Brad Andrus

C: (940)368-3588

E-mail

Property Map

Clear Ceiling Height

No. Dock High Doors

No. Grade Level Doors

Office SF

Total Building Size

Total Lot Size

Year Built

Property Description
Approximately 48,803 SF, this single tenant, NNN, industrial investment property is leased to AIT Laboratories, a leading clinical prescription drug monitoring and testing laboratory. Part of the $3.4M renovation in 2016 included a brand new 35,000 SF corporate office area and laboratory. The remaining 13,803 SF is warehouse space. The building also has a new roof, exterior paint and landscaping.

The annual income is $411,444 with a 10% rent increase in 2021.
Location Description
Located in the Westport Industrial Area of Denton at the Convergence of I-35E & I-35W with I-35W Frontage.
Highlights
- Single Tenant NNN, 10 Yr. Lease Ending Dec. 2026
- Tenant is AIT Laboratories/a HealthTRACK Rx Company
- Recent Renovations Include Over $3M on Interior & $400k on Exterior Improvements
- 7% CAP at Current Rent, 10% Rent Increase Starts Year 5 of 10 Yr. Lease
- Located in Westport Industrial Area of Denton at the Convergence of I-35E & I-35W with I-35W Frontage
Floorplans
Site plans
No Additional Files available at this time.