3420 Plz Cir Beaumont, TX 77707
- Office Properties & Spaces
- 33,200 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 3420 Plz Cir
- Property size
- 33,200 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 33,200-square-foot executive office building in Beaumont, Texas, presents a compelling investment opportunity. Currently operating at 100% occupancy as a single-tenant, Community Based Outpatient Clinic (CBOC) for the U.S. Department of Veterans Affairs, the property boasts a strong net operating income (NOI) of $377,428 and an attractive cap rate of 11.68%. Priced at $3,320,000 ($100/sq ft), this Class A medical clinic is valued below replacement cost, offering significant potential for future appreciation. Located at 3420 Plaza Cir, Beaumont, TX 77707, in Jefferson County, this property benefits from its location in a thriving metropolitan area, home to Lamar University and a substantial veteran population. While the VA is exploring the construction of a new facility, the existing lease provides a secure income stream, creating a covered land play with potential for redevelopment. The property's strong cash flow, combined with Texas's income tax-free status, makes this an attractive investment in a prime location. The potential for future development, coupled with the current stable income, makes this a unique opportunity for discerning investors. The building's high-quality construction and amenities further enhance its appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Beaumont
- County
- Jefferson
- State
- Texas
- Longitude
- -94.1394
- Latitude
- 30.0773
