1323 S 27th St 18,578 SF 100% Leased Office Building Nederland, TX 77627 $1,700,000 ($91.51/SF)

This property offers such an opportunity for an End User/ Investor * Current owner has relocated and is diversifying his investment portfolio * Property has not been marketed for lease and offers an excellent opportunity for well maintained office suites for this market * Not being sold on a cap rate due to currently large vacancy * priced at $91.50 psf providing the new ownership to step in and maximize this well maintained facility * property owner owns his own property management and janitorial service company and is open to continuing to property manage the property for a new owner * Suites can be reconfigured in size to respond to market demand * timer controlled front door entrance start and end of business day * camera monitoring system on site * large parking surface on front and side with a covered canopy for client pick up and drop off * includes a 1.607 unimproved (grassed) lot for future development or green barrier. Currently there are (3) long term tenants remaining in month to month status bringing in $151,980 / year with a proforma of similar rents for the other (5) suites at an additional $148,000 / year income * current expenses are approximately $136,324 with all services being rendered to the building just as if it were fully leased. The stage is set!!! Property just needs a new owner to start making it happen! Tours by appointment only - please call to arrange with the listing broker. *Request prospects not to interrupt the existing tenants business operations (all are medical services)