54 Flag Lake Plz, Lake Jackson, TX 77566
3,900 SF | Office Building | Lake Jackson, TX 77566 | $891,429 ($229/SF) | 8.75% Cap Rate
For Sale
Active
Asking Price $891,429
- Property Type
-
Office
- Square Feet
- 3,900 SF
- Price / Square Foot
- $229
Listing Contacts
- Property Info
Property Overview
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 899-0550
Matthews Real Estate Investment Services, Inc.
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Andrew Fagundo, Rahul Chhajed, & Michael Moreno in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
Patrick Graham
License No. 9005919 (TX)
(866) 899-0550
Matthews Real Estate Investment Services, Inc.
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Andrew Fagundo, Rahul Chhajed, & Michael Moreno in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
Property Details
- Class
- C
- Year Built
- 1983
- Stories
- 1
- Property Subtype
- Medical, Loft/Creative Space, Office/Residential, Office Live/Work Unit
- Lot Size (sq. ft)
- 16,553 SF
Highlights
- Building features NNN lease with minimal landlord responsibilities, providing a passive investment vehicle for both local & out of state investors
- Above-Market Increases – Ensure your investment dollars continue to grow with the 3% annual increases included in this lease
- Advantageous Return – At a 8.75% return, this investment provides an attractive cash flow potential that aligns with today’s interest rate environment
- Long-Standing Tenant – Neret MD is a very well-established clinic with over 20 years of operating history serving Brazoria and Matagorda counties
- Houston MSA has ±7.2 million people making it the 5th largest metro area in the country resulting in growth pouring into the Lake Jackson Market
- Tax-Free State – Texas has zero income tax for Real Estate Investments
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