Catylist ID: #30162588
Park 2400 - Office Suites 3 & 4
Office for Sale
|Catylist Listing ID:||30162588|
|Property Subtypes:||Executive Suites, Mixed Use, Office Building, Other|
|Building Size (RSF):||4,000 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||28,967 SF|
|Unit Price:||$66.25 PSF|
|Property Use Type:||Investment, Vacant/Owner-User|
|Building Name:||Park 2400|
|Class of Space:||Class B|
|Sale Terms:||Cash to Seller|
Overview / Comments
The subject property consists of 2 free standing office buildings, storage building, additional development lot and parking lot on 28,967 sqft of land. The property could be purchased as investment or for owner/user, Suite 3 currently has a lease in place. With the current tenant annual expenses should be covered leaving 2,675 sqft available, at market rates and full occupancy the NOI should increase to provide 8-9% return.
Suite 3 (2406 College Hills) contains 1,325 sqft, originally built in 1968 and remodeled in early 2000's. This is a brick building with reception area, 2 private offices, conference room, small break area and 2 restrooms. Updated with textured walls, tile and suspended grid ceilings.
Suite 4 (2408 College Hills) contains 2,672 sqft with construction approximately 1979. Similar to others with brick exterior and concrete foundation. Built-up flat roof, covered walkway and entrance. Open floor plan with reception area, 1 large private office, 1 large conference room and the majority being open space throughout the building. There are also 2 storage rooms and one consists of additional small 2nd floor finished for additional storage area. Primarily textured and painted with grid ceiling, floor has a mixture of carpet, laminate wood and vinyl.
Storage - to the rear of the property is a wood framed storage building with concrete slab consisting of 807 sqft.
Additional Lot - the additional lot is located next to Suite 4 and could provide future development of an additional 1,500-2,000 sqft if needed.
|Nearest MSA:||San Angelo|
|Taxing Authority:||Tom Green|
|Site Description:||2 suites consisting of brick exterior, covered walkways and fenced court yard. Paved private parking with access from College Hills Blvd.|
|Area Description:||Surrounded by Park 2400 which offers a variety of retail and office uses. The property is located near the back of the development along the eastern borders.|
|Total Number of Buildings:||3|
|Air Conditioning:||Package Unit|
|Easements:||Electric Lines, Ingress/Egress|
|Legal Description:||0.665 Acres out of Tract A, College Hills Addition, Section 10, City of San Angelo, Tom Green County, TX|
|Proximity:||1 mile||3 miles||5 miles|
Brandon K SandersSteve Eustis Co
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