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Buildings A & B 2715 Fannin St 4,326 SF 100% Leased Office Building Houston, TX 77002 $2,400,000 ($554.79/SF) 7.27% Cap Rate

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INVESTMENT HIGHLIGHTS

Two Medical Office Buildings
Gated Security
Easy Access

Close Proximity to Downtown Houston and Medical Center
Heavy Daytime Traffic
Corner Lot

EXECUTIVE SUMMARY

2715 Fannin Street is a Midtown Houston office investment opportunity offered at $2,400,000, featuring ±4,766 SF of building space on a ±12,502 SF lot. The property generates $224,400 in gross revenue with a net operating income of $174,370 and a 7.27% cap rate, supported by a diverse tenant mix and long-term leases. Houston’s retail sector is experiencing strong growth, with vacancy rates down to 6.0% and average asking rents rising for the eleventh consecutive year to $19.30/SF. Multi-tenant sale prices have increased annually since 2012, while single-tenant assets command high sale prices and cap rates, making this a prime investment in a thriving market. All showings are by appointment only through Marcus & Millichap.

2715 Fannin OM_Updated

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$200,400	$46.32
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$200,400	$46.32
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$48,663	$11.25
Net Operating Income	$151,737	$35.08

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$200,400
Annual Per SF	$46.32

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$200,400
Annual Per SF	$46.32

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$48,663
Annual Per SF	$11.25

Net Operating Income
Annual	$151,737
Annual Per SF	$35.08

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

4,326 SF

Building Class

Year Built/Renovated

1960/2013

Price

$2,400,000

Price Per SF

$554.79

Cap Rate

7.27%

NOI

$174,370

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

4,326 SF

Building FAR

0.34

Lot Size

0.29 AC

Opportunity Zone

Yes

Zoning

None

Parking

27 Spaces (10.23 Spaces per 1,000 SF Leased)

Bus Line
Fenced Lot
Security System

Signage
Kitchen
Central Heating

Reception
Recessed Lighting

Hardwood Floors
Air Conditioning

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
CONDITION
AVAILABLE

1st Floor
1,150 SF
Office/Medical
Full Build-Out
30 Days

Price recently reduced September 1st. This listing is fully built out as a standard office with private restrooms, air conditioning, and available now. Turn-key landlord has already put in $65,000 into buildout. Ideal space for office tenant such as attorney, medical such as pharmacy, with a secure storage filing room and accessories are already in place, with equipment already inside for tenant use. Modified Gross covers Electricity and Water, but not taxes or internet. Property tax is prorated on end of base 25% (suite size).