Concrete block construction. Remodeled in 2016. New air conditioning units for the entire building, inside and out (2016). New electrical and new build out of office space in main area for tenant. Brandt (tenant) is a corporate tenant that pays $2,400 per month in annual installments. They also pay the utilities for the entire building including owners space through the remainder of the lease. Tenant is waiting on corporate approval for a lease extension past May 2019 where rent will be significantly increased. Tenant invested +-$100k in interior improvements which is why the rent is modest. Tenant occupies approx. 6,500 SF and owner retains approx. 1,370 SF. Property has 1 full bathroom and 4 half bathrooms throughout. Property has frontage on Staples street and Alameda st. Seller can leaseback space for $1,000 per month, or buyer can take over the space. There are two additional legal descriptions/land parcels included in the list price. Owner is a licensed Texas real estate broker.
|DAYS ON MARKET||8||LAST UPDATED||4/27/2017|
|Prior to Apr 25, '17||$925,000|
|Apr 25, '17 - Apr 27, '17||$895,000|
|Apr 27, '17 - Today||$887,000|
|HEATING COOLING||Central Air-Electric, Central Heat-Electric|
|STATE OR PROVINCE||TX|
|UTILITIES||City Sewer, City Water|
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