Listed by WAY REALTY GROUP
$2,950,000
Davis Lane at Brodie
Details
Property Type Office
Sub Type Medical Office
Square Footage 6,400
Net Rentable (SqFt) 6,400
Units 2
Cap Rate 6.62%
NOI $195,387
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 01/30/2029
Remaining Term 2.7
Lease Options yes
Price per SqFt $461
Year Built 2023
Buildings 1
Stories 1
Acreage 0.860
Zoning LR
Investment Type Net Lease
Sale Condition 1031 exchange
Office | 6.62% CAP | 6,400 SqFt
Marketing description
Medical office building for sale - 2 long term tenants. Suite 100 - Family Medical Practice with a 5 year lease + renewals (4 years remaining). Suite 200 - Pediatric Dentist with a 10 year lease + renewals, commencing Oct. 2025.
Investment highlights
Fully Leased.
1.25 miles from MOPAC, minutes from Circle C Ranch and The Lady Bird Johnson Wildflower Center.
Sits on the corner behind a Valero and retail strip center.
Adjacent to Vincent's Restaurant, Brodie Lane Pharmacy, and Subway Restaurant.
Listing Contacts
Listed by WAY REALTY GROUP
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,387.00
$16,282.25/mo
Valuation Metrics
0
DSCR
6.62%
Cap Rate
6.62%
ROI
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