The Silveron Office Center, a 64,267 square foot multi-tenant office building in Flower Mound, Texas, has been put on the market for sale according to a crefeed.com report. The Dallas-suburb office property at 601. Silveron Blvd. was built in 2006 and is currently 95% leased, with recent rates of $22.50/square foot. The two-story structure boasts stone accented entries, 4/1,000 parking and a two-story lobby with a monumental staircase.
"Silveron Office Center currently has a favorable operating income ratio with a 9 percent cap rate and 11.5 percent cash flow on actual occupancy," said Ron Hebert, associate vice president investments and director of Marcus & Millichap Real Estate Investment Services, representing the seller.
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