Greenways Office

7639 Hillside & 7629 Hillside within Greenways Village on Hillside Amarillo, TX 79119

7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119
7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119 7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119 7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119 7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119 7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119 7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119 7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119 7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119
FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$2,650,000
Last Verified:
Feb 21, 2024

Highlights


Description

Greenways Village is a 53k SF mixed use development completed in 2018 with a lucrative NOI of $187,422 and a cap rate of 7%, this property presents an excellent investment opportunity. Monthly NNN fees of $6.75 a square foot include: all exterior lighting, lawn maintenance, snow removal, water/sewage/trash, Christmas light decor, window cleaning, mechanical unit maintenance, GL and property insurance. Tenant pays utilities Atmos, Xcel, AT&T or Suddenlink

Located in the newly constructed Greenways Village on Hillside, located at the corner of Greenways Drive and Hillside Road. High traffic retail and office project with a mix of restaurants, title companies, dental operations, fitness clubs, mortgage lending, and financial advisors.


Year Built: 2018
Building Size: 8903sq ft
Building Class: A
Lot Size: 0 acres

Map of 7639 Hillside & 7629 Hillside within Greenways Village on Hillside, Amarillo, TX, 79119

Presented by:
thomasonscott

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Josh Langham


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.