7065 East Fwy | Houston, TX 77020
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7065 East Fwy
Houston, TX 77020
DaVita Dialysis · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Texas is an Income Tax Free State.
- Surrounded by National retailers, pharmacies, and a dense residential population.
- The lease features two (2) five-year options with 10% rent increases at each option.
- 3-Mile population exceeds 81,000 residents.
EXECUTIVE SUMMARY
NNN Lease with DaVita Dialysis (NYSE: DVA). Current lease term runs through January 31st, 2030. Corporate Lease Guarantee with DaVita is in place.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,215 SF
Building Class
C
Year Built
2002
Price
$3,563,500
Price Per SF
$386.71
Cap Rate
6.80%
NOI
$242,318
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
8,880 SF
Building FAR
0.17
Lot Size
1.23 AC
Zoning
No zoning
Parking
30 Spaces (3.37 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1216220010001 | Improvements Assessment | $2,257,602 |
| Land Assessment | $587,279 | Total Assessment | $2,844,881 |
PROPERTY TAXES
Parcel Number
1216220010001
Land Assessment
$587,279
Improvements Assessment
$2,257,602
Total Assessment
$2,844,881
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