Executive Business Center at the Grove 3805 Plantation Grove Blvd 32,146 SF 100% Leased Office Building Mission, TX 78572 $6,900,000 ($214.65/SF) 10.28% Cap Rate
EXECUTIVE SUMMARY
Heigh end tenants 80 suites and commercial spaces .
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$709,560
|
$22.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$709,560
|
$22.07
|
| Taxes |
$17,694
|
$0.55
|
| Operating Expenses |
$136,306
|
$4.24
|
| Total Expenses |
$154,000
|
$4.79
|
| Net Operating Income |
$555,560
|
$17.28
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
32,146 SF
Building Class
B
Year Built
2003
Price
$6,900,000
Price Per SF
$214.65
Cap Rate
10.28%
NOI
$709,320
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,663 SF
Building FAR
0.74
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
C3 - Mixed Use Zoning , Flex Space , Beauty Suites , Excecutive Business Suits All Inclusive , Office Space , Commercial Space Street Front
Parking
100 Spaces (3.41 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Conferencing Facility
- Courtyard
- Property Manager on Site
- Kitchen
- Central Heating
- Natural Light
- Wi-Fi
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,243,639 (2024) | |
| Land Assessment | $891,739 (2024) | Annual Taxes | $17,694 ($0.55/SF) |
| Improvements Assessment | $2,351,900 (2024) | Tax Year | 2023 |
