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6330 Broadway Blvd

3,252 SF Office/Retail Condo Unit Offered at $775,000 in Garland, TX 75043

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Investment Highlights

Medical Tenants
15 minutes from Downtown Dallas

Directly off I-30
Few Landlord Responsibilities

Executive Summary

Medical Tenants with few Landlord responsibilities Great Access to I-30 (148,000 VPD) and sits on Broadway Blvd (27,000 VPD) Great Parking and Signage facing Broadway Consistent growth through the Eastern Suburbs of Dallas, TX Motivated Seller

Offering Memorandum
Operating and Financials

Property Facts

Price	$775,000	Building Class	C
Unit Size	3,252 SF	Floors	1
No. Units	1	Typical Floor Size	3,252 SF
Total Building Size	3,252 SF	Year Built	1982
Property Type	Office (Condo) Office Medical	Lot Size	0.65 AC
Sale Type	Investment	Sale Conditions	Bulk/Portfolio Sale

Price	$775,000
Unit Size	3,252 SF
No. Units	1
Total Building Size	3,252 SF
Property Type	Office (Condo) Office Medical
Sale Type	Investment
Building Class	C
Floors	1
Typical Floor Size	3,252 SF
Year Built	1982
Lot Size	0.65 AC
Sale Conditions	Bulk/Portfolio Sale

1 Unit Available

Unit B & C

Unit Size	3,252 SF	Sale Type	Investment
Price	$775,000	Cap Rate	7.47%
Price Per SF	$238.31	NOI	$57,892.50
Condo Use	Office/Retail	Sale Conditions	Bulk/Portfolio Sale

Unit Size	3,252 SF
Price	$775,000
Price Per SF	$238.31
Condo Use	Office/Retail
Sale Type	Investment
Cap Rate	7.47%
NOI	$57,892.50
Sale Conditions	Bulk/Portfolio Sale

Description

Condo B is a medical spa with a classic office layout. Recently renovated. Condo C is a current medical clinic. All Tenants in the Condo are Service or Medical tenants

Sale Notes

Colonial is pleased to present a unique opportunity to acquire a stabilized Cash Flowing asset with two tenants that have just exercised a 3- and 5-year lease, respectively. Condo B is leased to a medical spa that has a strong operating history. Condo C is leased to ELITE Health and Wellness. This property offers simple returns and few landlord responsibilities. The Condominium Association covers all the common area costs and property insurance. The tenants reimburse the utilities and CA Fees (Only Suite B). Leaving the landlord with only property tax expense.