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960 Highway 352 3,518 SF Office Building Mesquite, TX 75149 $1,450,000 ($412.17/SF) 4.50% Cap Rate
Investment Highlights
- Positioned along Highway 352 with strong visibility and direct access to Highway 80.
- Current tenant will lease back for two years, providing immediate income stability.
- Single-story medical office building with premium interior finishes.
- Includes 22 surface parking spaces and both building and monument signage.
Executive Summary
This single-story upscale professional medical building is positioned in a prime location along Highway 352 with strong visibility and direct access to Highway 80. It has ample surface parking for staff, patients and visitors. The current tenant is a Texas Health Family Care family practice physician. This property is located across the street from Baylor Scott & White Medical Center Sunnyvale and a short distance from Dallas Regional Medical Center.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
3,518 SF
Building Class
B
Year Built
2012
Price
$1,450,000
Price Per SF
$412.17
Cap Rate
4.50%
NOI
$65,250
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,518 SF
Building FAR
0.17
Lot Size
0.47 AC
Zoning
F1 - Real Commercial
Parking
22 Spaces (5.84 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Monument Signage
- Air Conditioning
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 381040000101R0000 | Improvements Assessment | $1,038,840 |
| Land Assessment | $86,160 | Total Assessment | $1,125,000 |
Property Taxes
Parcel Number
381040000101R0000
Land Assessment
$86,160
Improvements Assessment
$1,038,840
Total Assessment
$1,125,000
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960 Highway 352
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