Piazza Luna
Piazza Luna | Business Park with Excess Land | 2419 Palermo Pkwy, Temple, TX 76501
Marketing description
OLDHAM GOODWIN is pleased to present Piazza Luna, a premier investment opportunity located in Temple, Texas. This 6,475 SF Class A business park features three well-established tenants under NNN lease agreements, along with the opportunity to develop six additional buildings. The tenant roster includes Integrity Rehab office alongside Dr. Scott Thayer’s Leon River Endodontics, and Vivo Infusions - each providing essential healthcare services and contributing to a reliable income stream. This is a great opportunity acquire an ongoing project, with future upside through the development of Phase 2 on the remaining 2.5 acres of land, with plans are approved to add an additional 19,000 square feet of building space.
Investment highlights
NNN Lease structure allows for minimal Landlord oversight and management responsibility.
Opportunity to increase income through lease up of final vacancy, currently 82% occupied.
Vacancy is in shell condition, providing the ultimate flexibility for a new Tenant or Owner occupant.
Great opportunity to develop Phase 2 on the remaining2.5 acres of land to add an additional 19,000 SF of building space.
Exposure to over 16,000 VPD on South 31st Street and over 18,000 VPD on FM 93.
Located in the South 31st Street Development Zone and less than four miles from Baylor Scott & White Hospital.
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