Property Listing No Longer Available for Sale

1619 E. Common Street, Buildings H & L

New Braunfels, TX

Health Care for Sale - $979,291 - 6,041 Sq. Ft.


Property Info

CIMLS#455975
Location
  1619 E. Common Street, Buildings H & L
  New Braunfels TX 78130
UpdatedMay 16th, 2012
TypeHealth Care
Price$979,291
Building6,041 Sq. Ft.

Property Description

Six Condominium Units at the Canyon Vista Condominiums are for Sale. The Units are Fully Leased.

Location Description:

Located between Gruene Road and FM 306 on Common Street in the middle of significant office and medical office developments. Just a couple of miles from the new Vanguard Health Regional Hospital which is currently under construction.

Highlights:

>> 100% Occupied by Credit Tenants.

>> Leases Include Future Rent Bumps.

>> Major Retail and Medical Developments Nearby.

>> Very Popular Condominium Complex with Very High Occupancy.

>> Building H is a Stand Alone Building.

>> Building L has 4 Total Units, 2 of which are Included in this Listing.


Financials

Sales Info:

>> Cap rate: 8.4%

>> NOI: $82223.0