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115 Park Place Blvd
Waxahachie, TX 75165
Office Property For Sale
Executive Summary
Professional office building with primarily medical tenants. Located on Park Place and HWY 287 in Park Place Professional Center. Surrounded by masterplanned communities and the Waxahachie Sports Complex. Easily accessible from 287 service road and surrounding neighborhoods. Fully occupied with NNN leases in place on all but 1,193sf. Strategically located within 2.5 miles to Baylor Scott and White with immediate access to HWY 287 on ramp and close proximity to restaurants with access to Brown St and North Grove reducing travel time on N 77. Waxahachie, Texas, is a vibrant and rapidly growing Dallas suburb that perfectly blends small town charm with modern suburban Appeal. Just 30-35 minutes south of downtown Dallas via I-35E with a current population exceeding 45,000 to 52,000 and steady annual growth of around 3-4%, making Waxahachie on of the fastest-expanding areas in the DFW Metroplex.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
11,364 SF
Building Class
B
Year Built
2014
Price
$2,800,000
Price Per SF
$246.39
Cap Rate
7.50%
NOI
$210,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,900 SF
Building FAR
0.22
Lot Size
1.20 AC
Zoning
commercial - Commercial
Parking
41 Spaces (4 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 247586 | Improvements Assessment | $1,090,918 |
| Land Assessment | $734,082 | Total Assessment | $1,825,000 |
Property Taxes
Parcel Number
247586
Land Assessment
$734,082
Improvements Assessment
$1,090,918
Total Assessment
$1,825,000
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