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124 E Bandera Rd - Building #100 5,400 SF Office/Medical Condo Unit Offered at $1,995,000 in Boerne, TX 78006
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 92 |
| Cap Rate | 6.30% |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Parking Spaces | 92 |
Description
Building 100 (Units 101-104) in this established and fully occupied condominium office park is for sale.
Sale Notes
This 5,400 SF building has been occupied by WellMed Medical Management since 2008. Their current lease expires at the end of 2028. They have a 5-year extension option at market rent. The average annual capitalization rate to the end of the current lease is about 6.3%.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101-104 | 5,400 SF | Office/Medical | $1,995,000 ($369.44/SF) | $125,685 |
Unit 101-104
| Unit Size |
| 5,400 SF |
| Condo Use |
| Office/Medical |
| Price |
| $1,995,000 ($369.44/SF) |
| NOI |
| $125,685 |
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Unit 101-104
| Unit Size | 5,400 SF |
| Condo Use | Office/Medical |
| Price | $1,995,000 ($369.44/SF) |
| NOI | $125,685 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Parking Spaces | 92 |
| Description | |
| Building 100 (Units 101-104) in this established and fully occupied condominium office park is for sale. | |
| Sale Notes | |
| This 5,400 SF building has been occupied by WellMed Medical Management since 2008. Their current lease expires at the end of 2028. They have a 5-year extension option at market rent. The average annual capitalization rate to the end of the current lease is about 6.3%. |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,400 SF | Typical Floor Size | 5,400 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Property Subtype | Medical | Tenancy | Single |
| Building Class | B | Lot Size | 1.60 AC |
| Floors | 1 | Parking Ratio | 17.04/1,000 SF |
| Zoning | C3 - Community Commercial | ||
| Total Building Size | 5,400 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 5,400 SF |
| Year Built | 2005 |
| Tenancy | Single |
| Lot Size | 1.60 AC |
| Parking Ratio | 17.04/1,000 SF |
| Zoning | C3 - Community Commercial |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| WellMed |
5,400 SF
|
December 2028
|
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Street
Map
Contact the Sale Advisor
124 E Bandera Rd - Building #100