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305 Expressway 83 16,932 SF 100% Leased Office Building Mission, TX 78572 $3,500,000 ($206.71/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Income Producing Property
- Established Medical Tenant/Owner
- Expressway visibility
EXECUTIVE SUMMARY
Mutli-Story MOB located on E Expressway, Mission, Texas. Unique Opportunity for purchase of a MOB with an Established Physician paying rent on the entirety of the building and utilizing ground floor only for the practice. Second Floor formerly utilized for physicial therapy of the practice. Second Floor can be utilized for purchaser's business with elevator access and separate entrance from shared Lobby, or tenant can vacate and the entirety of the building utilized for Commercial Office Use. Valley Day and Night Clinic has been established for 30+years, with five (5) locations Valley-wide. First Floor contains 14 exam rooms, break room, physician's office, x-ray, triage, laundry. Second floor contains
large conference room, 8 offices, several storage areas and physical therapy area -- Floor Plan included. The facility has ample parking with covered area for physicians, handicap access. Take a moment to walk-through the facility on the Matteport 360 tour and schedule a tour for after-hours preview.
large conference room, 8 offices, several storage areas and physical therapy area -- Floor Plan included. The facility has ample parking with covered area for physicians, handicap access. Take a moment to walk-through the facility on the Matteport 360 tour and schedule a tour for after-hours preview.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
16,932 SF
Building Class
B
Year Built/Renovated
1996/2011
Price
$3,500,000
Price Per SF
$206.71
Cap Rate
8.50%
NOI
$297,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,466 SF
Building FAR
0.22
Lot Size
1.74 AC
Zoning
CO - Commercial Office - Commercial Office
Parking
87 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Reception
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Valley Day & Night Clinic
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Valley Day & Night Clinic | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | E4650-01-000-006A-00 | Improvements Assessment | $1,208,439 (2025) |
| Land Assessment | $417,780 (2025) | Total Assessment | $1,626,219 (2025) |
PROPERTY TAXES
Parcel Number
E4650-01-000-006A-00
Land Assessment
$417,780 (2025)
Improvements Assessment
$1,208,439 (2025)
Total Assessment
$1,626,219 (2025)
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MATTERPORT 3D TOUR
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305 Expressway 83
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