111 Professional Park Dr, Victoria, TX 77904

5,000 SF | Office Building | Victoria, TX 77904 | $1,285,000 ($257/SF) | 7% Cap Rate

Asking Price $1,285,000

Property Type: Office
Square Feet: 5,000 SF
Price / Square Foot: $257

Listing Contacts

Travis Taylor

Verified Profile

Property Info

Property Overview

SVN | Traditions is pleased to offer the market this single tenant, net-leased medical office building. The tenant has been in place for many years and joined a larger network to enhance operating efficiencies. The new lease commenced in May 2021 with a 5-year term and two additional 5-year renewal options with 5% escalations. Landlord responsible for structural components.

Property Details

Class: B
Year Built/Renovated: 1982/2017
Stories: 1
Property Subtype: Medical
Lot Size (sq. ft): 30,492 SF

Highlights

Triple net lease; landlord only has structural responsibility.
Primary term expires in May 2026; Two, 5-Year Renewal Options with 5% escalations.
Well maintained building with substantial interior renovations and new windows in 2017.
New roof in 2016.
Long-standing tenant with established clientele.

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