Highlights

• 13.0% Cash on Cash return ($126,000 ANNUALLY) ins & prop tax paid by tenant
• 2% Broker Commission Available
• Extra land to expand building and create more net rentable sf

• 5 Year Master NNN Lease with personal gurantee provided by stable doctor
• Land Values ranging $55-$75 per square foot - strong development area
• 100% Occupied with Established Medical Tenants

Description

Complete the appropriate PRINCIPAL or BROKER Confidentiality Agreement (found under the attachments section) and fax it to us, to gain access to the offering memorandum and due diligence items for this property.

Cushman & Wakefield of Texas, Inc. is pleased to present the opportunity to purchase 2715 Fannin. You won't want to miss out on this exciting opportunity to purchase a cash flowing asset and make a high return on your investment!

Currently there are three medical tenants, a chiropractic office, Pain specialists MD,and a full pharmacist however the principal tenant will provide the new owner with a 5 year master lease for $126,000 annualy. This is NNN and tenants will cover all expenses including property tax and insurance.

Down the street, Christus Foundation is building a new 55K SF clinic. Also, minutes away are Downtown Houston (the 4th largest city in the US) and the Texas Medical Center (the largest medical center in the world)! Land values range from $55-$75 per square foot in this very desireable, strong redevelopment area.

With 12,500 sf of land, this office building can easily be expanded to increase net rentable sf. THIS IS AN A++ INVESTMENT

Area Highlights:
Prime location on Fannin St between Dennis Ave and Drew Ave in rapidly growing Midtown Houston area
2008 Total Daytime Population: 54,752 (1 mi), 287,006 (3 mi), 602,715 (5 mi)
2008 Avg Household Income: $70,057 (1 mi), $85,886 (3 mi), $82,969 (5 mi)