July 23, 2021 – Zach Smith of Horvath & Tremblay has successfully completed the sale of the Flower Mound Office Building in Flower Mound, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,525,000.
The Flower Mound Office Building is located at 2011 Lakeside Parkway in Flower Mound, Texas. The Property consists of 4,576 square foot single tenant office building situated on a 1.01-acre parcel of land. The new construction property features an attractive architectural design with a brick exterior and professional landscaping. The Property is 100% occupied by a law firm and features a new, 5-year triple net lease with two (2), 3-year renewal options. The lease calls for 10% rent increases at the start of each renewal option. The Property is well located along Lakeside Parkway with outstanding visibility and frontage. The property is less than 8,000 feet from the signalized intersection of Lakeside Parkway and Long Prairie Road, is adjacent to a 7-Eleven and is shadow anchored by a high-volume Home Depot. Flower Mound is a suburb of Dallas and is approximately 7-miles from Dallas Fort Worth International Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.