Leggett Office Complex | 202-226 S Leggett Dr
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Leggett Office Complex 202-226 S Leggett Dr
6,519 SF 100% Leased Office Building Abilene, TX 79605 $358,545 ($55/SF) 8.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- Diversified Tenant Mix
- 100% Occupancy
- Professionally Managed
EXECUTIVE SUMMARY
Leggett Office Complex Investment Opportunity. Leggett Office Complex consists of mixed use tenants including professional office and medical users, and various service providers. The 6,519 SF office/retail building was built in 1950 and is zoned for general commercial use. The property offers value-add opportunity in a great location. The building consists of three suites, 202, 218, & 226. The building is 100% leased to a long-term, single user. The approximate area of the lot to be conveyed is approximately 19,733 +/- sf. Additional land may be purchased separately and is subject to offer. This property is part of a portfolio and can be purchased independently or packaged with other properties. Properties available in the portfolio are: 115 & 209 S Leggett Dr, 270 S Leggett Dr, 202 S Leggett Dr, 224 S Leggett Dr, 250 S Leggett Dr, 3909 S Leggett Dr, 501 N Leggett Dr, 3814 N 1st St, and 598 Westwood, and 54+ acres at Corsicana Ave. Contact agent for additional information. Seller will consider owner financing. *Seller/Landlord is a Texas Licensed Real Estate Broker.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
6,519 SF
Building Class
C
Year Built
1950
Price
$358,545
Price Per SF
$55
Cap Rate
8.60%
NOI
$30,852
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,519 SF
Building FAR
0.33
Lot Size
0.45 AC
Zoning
GC - General Commercial
Parking
31 Spaces (3.2 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 21601 | Improvements Assessment | $72,401 |
| Land Assessment | $29,599 | Total Assessment | $102,000 |
PROPERTY TAXES
Parcel Number
21601
Land Assessment
$29,599
Improvements Assessment
$72,401
Total Assessment
$102,000
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Leggett Office Complex | 202-226 S Leggett Dr
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