1503 N Center St - Medical FOR SALE


Bonham, TX 75418
$500,000 USD
214-218-7349
1503 N Center St, Bonham, TX for Sale
$500,000 USD
Medical - FOR SALE
1/30
null | 6.5% Cap Rate

1503 N Center St
Bonham, TX 75418


OVERVIEW

Fully Leased commercial Building. Leased to State of Texas- Texas Family Initiative for monthly rent of $3600 unit nov 30 -2028 with every year $100 increase in rent . Cap Rate of 6.5. Utilities and maintenance on actuals paid directly by tenant. Repairs to be paid by tenant unless structural. Rent clause image from lease agreement. Owner Pays Annual Taxes of $6100 -Year & Insurance -$2600 per Year Fully Reconstructed in 2023 -Independent freestanding building: New HVAC Systems & duct work 2023 – 10-Year warranty; New Commercial Electrical wiring systems-2023 New Plumbing and ADA restrooms-2023;New Foam insulation-2023;New doors, trims and windows-2023 New Flooring, Painting, door knobs and other finish items-2023;New concrete, sidewalks, parking per approved site plan; New Landscaping

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$302 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

Commercial

APN/PARCEL ID

71404

ASK ABOUT THIS PROPERTY

Anoo SathappunRedbud Offices LLCMore Info
214-218-7349

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Anoo SathappunRedbud Offices LLCMore Info
214-218-7349

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