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Investment Highlights
- 100% leased to Georgetown Integrative Psychiatry & Wellness PLLC
- The condo association maintains all common areas including the roof and exterior of the building
- Wood frame construction with 100% masonry exterior
- Passive Landlord Investment
Executive Summary
Highland Vista Office Park is strategically located between IH-35 and SH-130 toll road on FM 1460 at its intersection with Westinghouse Road. We are located on a prime site on the southern border of the city of Georgetown - one of the fastest growing cities in the country. The site enjoys over 400 feet of frontage on FM 1460 and was selected for its proximity to significant existing and proposed single family subdivisions, multi-family and commercial developments. The site has excellent visibility from the Westinghouse intersection and easy access on to FM 1460. Highland Vista will consist of 18 single story professional office buildings ranging in size from 2,000 sq.ft. to 4,000 sq.ft. designed to specifically meet the needs of small professional businesses and medical practitioners. When fully completed, the park will contain a total of over 46,000 sq.ft. of highly efficient office space in 46 individual condo units which can be offered either for lease or sale to individual owner/occupants, tenants or investors. Phase 3 of the project is currently under construction.
Property Facts
| Total Building Size | 2,000 SF | Typical Floor Size | 2,000 SF |
| Property Type | Year Built | 2024 | |
| Building Class | B | Lot Size | 5.75 AC |
| Floors | 1 | Parking Ratio | 4.1/1,000 SF |
| Zoning | C-1 - Local Commercial | ||
| Total Building Size | 2,000 SF |
| Property Type | |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 2,000 SF |
| Year Built | 2024 |
| Lot Size | 5.75 AC |
| Parking Ratio | 4.1/1,000 SF |
| Zoning | C-1 - Local Commercial |
Amenities
- Signage
1 Unit Available
Unit 1701
| Unit Size | 1,000 SF | Cap Rate | 6.22% |
| Price | $450,000 | NOI | $28,000 |
| Price Per SF | $450.00 | No. Parking Spaces | 4 |
| Condo Use | Office | APN/Parcel ID | R-20-5485-0017-1701 |
| Sale Type | Investment |
| Unit Size | 1,000 SF |
| Price | $450,000 |
| Price Per SF | $450.00 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| NOI | $28,000 |
| No. Parking Spaces | 4 |
| APN/Parcel ID | R-20-5485-0017-1701 |
Description
This unit is part of a 2,000 sq.ft. Duplex. The standard floor plan contains 4 offices, reception area, private restroom, kitchenette/break room, and large storage closet. Interior finishes include spacious 10' ceilings, quartz countertops, beautiful wood-look ceramic plank style flooring in all high traffic area, high efficiency LED lighting throughout and a 16 SEER Carrier HVAC system.
Sale Notes
The unit is 100% leased to Georgetown Integrative Psychiatry & Wellness, PLLC on a new 3 year lease that commenced 3/1/26. The base rent is $28 psf + NNN charges and increases by 3% annually.
IMG_8039 copy
Front Entrance
Corridor
Typical Office
IT Closet / Storage
Private Restroom
Typical Office
Kitchenette
Corridor
Typical Office
Reception
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Georgetown Integrative Psychiatry & Wellness PLLC |
99,999 SF SF
|
Jan 0000
|
Presented by
2951 FM 1460 - Unit 1701
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