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Healthcare Investment Property For Sale

101 Professional Park Dr, Victoria, TX

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For Sale

Contact for pricing

Single tenant healthcare investment property with a new 10-year lease.

Type:OFFICE

Property size:

2,150 SF

Lot size:

0.33 Acres

Price / SF:

$314/SF

HighLights

New 10‑Year NNN Lease
Established Healthcare Tenant
Minimal Landlord Responsibilities
Two 5‑Year Options to Extend
Passive Investment Opportunity
2022 Practice Expansion Demonstrates Commitment

We can help!

Listing Contact

Antonio Diona

For Sale

Contact for pricing

Single tenant healthcare investment property with a new 10-year lease.

Type:OFFICE

Property size:

2,150 SF

Lot size:

0.33 Acres

Price / SF:

$314/SF

Added:: Feb 27, 2024
Days on Market:: 843
Last Refresh:: Apr 5 at 11:22 pm

Property Features for 101 Professional Park Dr

General Information

Standard status: Active
Size: 2,150 SF
Lot size: 0.33 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Antonio Diona

Listing agent Antonio Diona

Listing office Matthews Real Estate Investment Services

Listing date Feb 27, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services

HighLights

New 10‑Year NNN Lease
Established Healthcare Tenant
Minimal Landlord Responsibilities
Two 5‑Year Options to Extend
Passive Investment Opportunity
2022 Practice Expansion Demonstrates Commitment

Overview

This single tenant healthcare investment property features a recently executed 10-year NNN lease with two, 5-year options to extend. The lease provides long-term security with an established healthcare tenant. The NNN lease structure offers minimal landlord responsibilities throughout the lease term, making it a passive investment opportunity. Community Dental Partners executed a 10-year NNN lease at this location in 2022, demonstrating their commitment to the site. The property is suitable for local and national investors.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$66.0k	$30.72
− Vacancy	−$18.1k	−$8.42
EGI	$48.0k	$22.30
− OpEx	−$12.0k	−$5.58
NOI	$36.0k	$16.73

2,150 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$513.8K

$449.5K – $599.4K (±1% cap)

NOI $35,963 @ 7.0% cap · market cap 5.31%

Second Best

Healthcare Medical

$486.5K

$425.7K – $567.6K (±1% cap)

NOI $34,056 @ 7.0% cap · market cap 5.03%

Theoretical Best

Multifamily LT 5

$23.62M

$20.67M – $27.56M (±1% cap)

NOI $1,653,400 @ 7.0% cap · market cap 244.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Lin Royana DDS Dental Office Victoria Kid's Dentistry Dental Office Wiedenfeld, Ken, Dds Dental Office

Suggested Use

Similar Places Nearby

VCA Victoria Animal Hospital — 1502 e mockingbird ln, victoria, tx 77904
Warren Carol DVM — 2706 Sam Houston Dr, Victoria, TX 77904
Victoria Veterinary Med Center — 2706 sam houston dr, victoria, tx 77904
Schomburg Arthur B DVM — 2706 Sam Houston Dr, Victoria, TX 77904
Animal Healthcare of Texas PC — 2706 Sam Houston Dr, Victoria, TX 77904

Location Insight

Map
Local Demand

City: Victoria
County: Victoria
State: Texas
Longitude: -96.9867
Latitude: 28.8408

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For sale
Medical Office Space
TX
Victoria
101 Professional Park Dr

What type of property is this?

Medical Office Space - Single tenant healthcare investment property with a new 10-year lease.

Where is this medical office space located?

The property is located at 101 Professional Park Dr Victoria, TX.

What is the asking price?

The asking price for this property is $677,143.

What are key features of this property?

This property features: New 10‑Year NNN Lease; Established Healthcare Tenant; Minimal Landlord Responsibilities

101 Professional Park Dr, Victoria, TX

Single tenant healthcare investment property with a new 10-year lease.

Property Features for 101 Professional Park Dr

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Victoria Industrial Property with Cranes

Turn-Key Industrial Warehouse

Multi-Tenant Strip Center

Flex Industrial & Office Property

Equipped Automotive Facility on Navarro

Industrial Property with Office and Yard

Victoria Commercial Property with Acreage

Multi-Space Corner Commercial Building

Versatile Commercial Property in Victoria

Flex Space with Cut-Through Access

Versatile Commercial Property on Corner Lot

Corner Retail/Service Building with Grease Trap

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