Office Investment Opportunity

Office for Sale
Catylist Listing ID: 30370344
Property Subtypes: Medical
Building Size (RSF): 7,221 SF
Gross Building Area: See Agent
Sale Price: $449,000
Unit Price: $62.18 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 12.5%
Last Updated: 4/6/2020

Overview / Comments

Investment Opportunity. State leased medical office space with the State of Texas Human & Health Services as the tenant. The tenant's has occupied the space since 2008 and they have already signed a 5 year extension starting March 1, 2019 - February 29, 2024. Minimal landlord expenses cause this to be a great investment opportunity for an investor. Please DO NOT disturb the tenant. All tours MUST be scheduled through Jef Conn, CCIM, SIOR - Coldwell Banker Commercial.
Additional approx 1,500 sq ft unfinished space also included. Price based off the leased space. Unfinished space is bonus space.

Conveniently located in Levelland, TX, just north of US 385 on Ave H (runs through town). Property is at the southeast corner of Ave H & 17th Street.

Attachments & Media

Additional Details

Nearest MSA: Levelland
County: Hockley
Tax ID/APN: 10051

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,821 14,080 14,859
Median Age: 29.67 32.64 33.09
Households: 982 5,021 5,333

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