2375 Gus Thomasson Rd Mesquite, TX 75150
- Office Properties & Spaces
- 7,062 SF
- 1.14 lot acres
Current Use by Public Records
- Arnold Ingrid / Medical Clinic / Family Practice Physician
Property Details for 2375 Gus Thomasson Rd
- Year built
- 2004
- Lot size
- 1.14 lot acres
- Property size
- 7,062 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Land
Description
This exceptional investment opportunity presents a two-building, multi-tenant office complex ideally situated at 2375 and 2379 Gus Thomasson Road in Mesquite, Texas. The property boasts 7,062 square feet of net rentable space, divided into four suites currently enjoying 100% occupancy as of February 20, 2024. Built in 2004, this Class C property sits on a 1.14-acre lot with ample parking (42 spaces) and is zoned for General Retail use. The complex features two stories and benefits from high traffic counts exceeding 15,000 vehicles. The current Net Operating Income (NOI) is $59,817, yielding a 5.44% cap rate. The asking price is $1,100,000, translating to $155.76 per square foot. Leases are NNN (Net, Net, Net) with built-in 3% rent bumps. This is a value-add investment opportunity with strong potential for future growth. The property's secluded location, enhanced by surrounding trees, provides a tranquil setting while maintaining excellent accessibility from major roadways. The property's address is 2375 and 2379 Gus Thomasson Rd, Mesquite, TX 75150, with APN 380741200A0020000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.6343
- Latitude
- 32.7967
