This Office Property is Off-Market.

950 N. Fourth St. & 1300 N. Sixth St.
Longview, TX 75601 ·

17,646 SF · Office For Sale

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950 N. Fourth St. & 1300 N. Sixth St.

Price N/A No. Stories 1
Building Size 17,646 SF Tenancy Multiple
Property Type Office Year Built 1981
Property Sub-type Office-Business Park Lot Size 2.46 AC
Property Use Type Investment
Listing ID: 14245953 Date Created: 06/21/2005 Last Updated: 06/14/2006

Description

Subject Property consists of two Medical Office Buildings. The Building on Fourth St. is on 1.15 Acres with building consisting of approximately 7,314 sqft and is 100% occupied with an additional 3 lots(.63 acres) that go with the property for additional parking.The property is currently leased to Longview Regional Hospital-5 yr lease,triple net,started 12/1/02 with rents $6,500/mo 1st yr & steps up $100/mo per yr with final year at $6,900/mo. The Lease is currently @ $6,700/mo.
The Building on Sixth St. is located on .67 acres and has approximately 10,332 sqft. of building and is 30% occupied. The tenant in #100(3,165 sqft)is leased until 9/30/05 for $2,630/mo. The Tenant has been there since the Building was built in 1985.
The Sales Price of $1,400,000 includes both buildings and 2.46 acres of total land area.

Subject Property consists of two buildings located on Fourth St. & Sixth St. which are between Longview Regional Hospital & Good Shepherd Hospital which makes it a great location for a medical office setup.

Highlights

  • Great Investment Property between two Hospitals in Longview,TX
  • 2.46 Acres of Total Land Area including two buildings
  • 17,646 of Total Building Area(2 Buildings)
  • Fourth St. Building currently leased to Longview Regional Hospital until 2007
  • Price Reduced from $1,400,000 to $1,100,000

Research

950 N. Fourth St. & 1300 N. Sixth St., Longview, TX 75601 (Gregg County)

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