Serenity Light Recovery | 1820 County Road 36
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Serenity Light Recovery 1820 County Road 36
25,000 SF Office Building Angleton, TX 77515 $5,555,556 ($222/SF) 9% Cap Rate
Investment Highlights
- Inflationary Protected Lease – This lease features above market, 2.50% annual rent increases, providing a major cash flow boost
- Outstanding Reviews – The treatments offered at this facility have succeeded in changing multiple clients lives for the better and have amassed over 1
- Tax-Free State – Texas has zero income tax for real estate investments.
- E-Commerce Resistant Property – Medical offices are extremely sought-after investments for their resistance to downturns in the economy
- 5th Most Populous MSA in U.S. – The Houston MSA boasts both dense demographics as well as one of the world’s largest economies with a 2021 GDP
- Extremely Passive NNN Lease – Landlord will benefit from a “hands-off” investment as the tenant takes care of all taxes, insurance
Executive Summary
Broker of Record
Kyle Matthews
License No. 9005919 (TX)
866-889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End Ave.,
Suite 1500 Nashville, TN 37203
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.
Kyle Matthews
License No. 9005919 (TX)
866-889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End Ave.,
Suite 1500 Nashville, TN 37203
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.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Building Size
25,000 SF
Building Class
B
Year Built
1900
Price
$5,555,556
Price Per SF
$222
Cap Rate
9%
NOI
$500,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
12,500 SF
Building FAR
0.06
Lot Size
10.13 AC
Zoning
None
Parking
16 Spaces
Amenities
- Courtyard
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PROPERTY TAXES
| Parcel Number | 0122-0036-120 | Improvements Assessment | $2,740,280 |
| Land Assessment | $459,720 | Total Assessment | $3,200,000 |
PROPERTY TAXES
Parcel Number
0122-0036-120
Land Assessment
$459,720
Improvements Assessment
$2,740,280
Total Assessment
$3,200,000
Contacts
-
Andrew Richmond -
Andrew Fagundo -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Serenity Light Recovery | 1820 County Road 36
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