1228 Logan St, Texas City, TX

Office for Sale - $795,000 - 8,108 Sq. Ft. on 0.72 acres


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Agent Info

NameWilliam Rachner
CompanyCENTURY 21 Paramount

Property Info

CIMLS #1022295
Location1228 Logan St
Texas City TX 795000
Last UpdatedJuly 17th, 2018
TypeOffice
Price$795,000
Building8,108 Sq. Ft.
Land0.72 acres

Contact


Property Description

The building is 100% leased with great upside for additional income growth. The owners have always done gross leases with not bill back for operating costs. The tenants have also been kept on shorter term leases, but one has been there since 1985 and another one since 2005. This building is one of three office buildings developed by the same group as medical offices. This is the second to be sold with the potential of another one that is across Logan Street. Income is $78,297 per year and the NOI currently is around $45,000. The building is two stories and has an elevator. There are 5 lease spaces and the building is 100% leased. The tenants consist of a medical office, attorney, engineering group and two counselling tenants.


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