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Buildings A & B 2715 Fannin St
4,326 SF 100% Leased Office Building Houston, TX 77002 $2,500,000 ($578/SF) 6.07% Cap Rate
Investment Highlights
- Two Medical Office Buildings
- Gated Security
- Easy Access
- Close Proximity to Downtown Houston and Medical Center
- Heavy Daytime Traffic
- Corner Lot
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$200,400
|
$46.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,400
|
$46.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,663
|
$11.25
|
| Net Operating Income |
$151,737
|
$35.08
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $200,400 |
| Annual Per SF | $46.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $200,400 |
| Annual Per SF | $46.32 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,663 |
| Annual Per SF | $11.25 |
| Net Operating Income | |
|---|---|
| Annual | $151,737 |
| Annual Per SF | $35.08 |
Property Facts
Amenities
- Bus Line
- Fenced Lot
- Security System
- Signage
- Kitchen
- Central Heating
- Reception
- Recessed Lighting
- Hardwood Floors
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Price recently reduced September 1st. This listing is fully built out as a standard office with private restrooms, air conditioning, and available now. Turn-key landlord has already put in $65,000 into buildout. Ideal space for office tenant such as attorney, medical such as pharmacy, with a secure storage filing room and accessories are already in place, with equipment already inside for tenant use. Modified Gross covers Electricity and Water, but not taxes or internet. Property tax is prorated on end of base 25% (suite size).
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,150 SF | Office/Medical | Full Build-Out | 30 Days |
1st Floor
| Size |
| 1,150 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 1,150 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | 30 Days |
Price recently reduced September 1st. This listing is fully built out as a standard office with private restrooms, air conditioning, and available now. Turn-key landlord has already put in $65,000 into buildout. Ideal space for office tenant such as attorney, medical such as pharmacy, with a secure storage filing room and accessories are already in place, with equipment already inside for tenant use. Modified Gross covers Electricity and Water, but not taxes or internet. Property tax is prorated on end of base 25% (suite size).
PROPERTY TAXES
| Parcel Number | 0190900000005 | Improvements Assessment | $551,157 |
| Land Assessment | $937,500 | Total Assessment | $1,488,657 |
PROPERTY TAXES
Presented by
Buildings A & B | 2715 Fannin St
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