111 Professional Park Dr - Medical FOR SALE


Victoria, TX 77904
$1,200,000 USD
830-500-3787
111 Professional Park Dr, Victoria, TX for Sale
$1,200,000 USD
Medical - FOR SALE
1/9
null | 7.5% Cap Rate

111 Professional Park Dr
Victoria, TX 77904


HIGHLIGHTS

  • Triple net lease; landlord only has structural responsibility.
  • Primary term expires in May 2031; One, 5-Year Renewal Option with a 5% escalation.
  • Well maintained building with substantial interior renovations and new windows in 2017.
  • New roof in 2024.
  • Long-standing tenant with established clientele; only maxillofacial surgery within 40+ miles.

OVERVIEW

SVN | Traditions is pleased to offer the market this single tenant, net-leased medical office building. The tenant has been in place for many years and joined a larger network to enhance operating efficiencies. The new lease commenced in May 2021 with a 5-year term and two additional 5-year renewal options with 5% escalations. The tenant exercised the first renewal option early, extending the primary term to May 2031. The tenant will have one renewal option remaining with a 5% escalation. Landlord responsible for structural components.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

43800-001-00600

ASK ABOUT THIS PROPERTY

Travis TaylorSVN | TraditionsMore Info
830-500-3787

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Travis TaylorSVN | TraditionsMore Info
830-500-3787

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.