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31997711
31997712

115 Park Place Boulevard, Waxahachie, TX 75165

DJ
TX 0661824
Tero
Listed by Tero
$2,800,000
38 days on market
Updated 38 days ago

115 Park Place BLVD

Details
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 9,261
Cap Rate 7.50%
NOI $208,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $302
Year Built 2013
Buildings 2
Acreage 1.230
Zoning PD-GR
Parking Spaces 48 spaces
Parking Per SqFt 5.18
Investment Type Stabilized

Office | 7.50% CAP | 9,261 SqFt

Marketing description

Professional office building with primarily medical tenants. Located on Park Place and HWY 287 in Park Place Professional Center. Surrounded by masterplanned communities and the Waxahachie Sports Complex. Easily accessible from 287 service road and surrounding neighborhoods. Fully occupied with NNN leases in place on all but 1,193sf. Strategically located within 2.5 miles to Baylor Scott and White with immediate access to HWY 287 on ramp and close proximity to restaurants with access to Brown St and North Grove reducing travel time on N 77. Waxahachie, Texas, is a vibrant and rapidly growing Dallas suburb that perfectly blends small-town charm with modern suburban Appeal. Just 30-35 minutes south of downtown Dallas via I-35E with a current population exceeding 45,000 to 52,000 and steady annual growth of around 3-4%, making Waxahachie on of the fastest-expanding areas in the DFW Metroplex.

Investment highlights

  • NNN Leases
  • 90% Medical Based Tenants
  • Prime Location and Visibility
  • Surrounded by Major Masterplanned Community

Listing Contacts

DJ
TX 0661824
Tero
Listed by Tero

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$208,000.00
$17,333.33/mo

Valuation Metrics

0
DSCR
7.43%
Cap Rate
7.43%
ROI

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Additional Information

Name
Dustin Jordan
License
0661824
Brokerage
Tero Real Estate
Brokerage Phone
4692362131
Title
Real Estate Brokerage
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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