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Note

Office Park Investment Opportunity

Listing was updated at: 07/08/2019

Property Overview

Price/Rent PSF $ 775,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 7,000
Date Available 07/08/2019
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Description

Location


Multi Tenant Investment Property; Land: Approx. 0.5 Acre
9.167 % Cap Rate; NOI $71,040
Improvements: Two Freestanding Office Buildings
Building 1 (325 Neches St.) +/- 4,000 sf, build in 2006
Building 2 (335 Neches St.) +/- 3,000 sf, build in 2008
Concrete foundation, frame construction with composition roof and brick & stone veneer
Approx. 200’ of frontage on Neches St. just east of US Hwy. 69
Highway 69 is the major north-south thoroughfare in the market area
Centrally located in downtown Jacksonville with easy access to Hwy. 69 & Hwy. 79.


Features

Year Built: 2006-2008

Parking: Ample Open Surface


Sale


Multi Tenant Investment Property; Land: Approx. 0.5 Acre
9.167 % Cap Rate; NOI $71,040
Improvements: Two Freestanding Office Buildings
Building 1 (325 Neches St.) +/- 4,000 sf, build in 2006
Building 2 (335 Neches St.) +/- 3,000 sf, build in 2008
Concrete foundation, frame construction with composition roof and brick & stone veneer
Approx. 200’ of frontage on Neches St. just east of US Hwy. 69
Highway 69 is the major north-south thoroughfare in the market area
Centrally located in downtown Jacksonville with easy access to Hwy. 69 & Hwy. 79.


Features

Year Built: 2006-2008

Parking: Ample Open Surface

Location

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