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- LoopNet Team
1120 Hodges Ln
Wharton, TX 77488
Office Property For Sale
INVESTMENT HIGHLIGHTS
- 10 year tenant Lease to The State of Texas
- 6.34% Cap Rate, also can be purchased as part of a 4 piece investor portfolio
- Easy to maintain, A/C units will be new and/refurbished as needed, Roof 2 years old, Water Heater 2 years old NEVER FLOODED
PROPERTY FACTS
AMENITIES
- Security System
- Signage
- Storage Space
- Central Heating
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
ABOUT 1120 HODGES LN , WHARTON, TX 77488
This property is the 2nd of 4 Investor Portfolio products being sold. It is a State leased building to the Texas Soil and Water Conservation Department with a 10 year lease. At the current asking price and with the utilities, property taxes, repairs/maintenance budget/insurance and cleaning fee. the Cap rate is 6.34%. a portion (33%) of the building is vacant and ready for rental and is perfect for a person in need of a large waiting area, adult day care, or other. It meets the ADA standards for a State leased Building and the Seller will make all repairs in accordance to the new lease before Selling. The property has a 2 year old roof, 2 year old water heater and has never flooded (it should be noted that it is now listed after the Harvey redistricting of Flood zones by FEMA in a High Risk Flood Area) he building has superior drainage and sits at a high elevation that kept water curbside during the memorial, Tax Day Floods and Hurricane Harvey. M-F business so utilities on timer and efficiency mode on weekends/tenants pay extra for weekend use.
PROPERTY TAXES
| Parcel Number | R052664 | Improvements Assessment | $233,825 |
| Land Assessment | $19,801 | Total Assessment | $253,626 |
PROPERTY TAXES
