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2192 Eastex Fwy

Beaumont, TX 77703

$189,500

Office For Sale  •  3,103 Sq Ft

Property Details

  • Property Type Office
  • Total Building Size 3,103 Sq Ft
  • Lot Size 0.11 ac
  • Building Class C
  • Year Built 1981
  • Cap Rate 9.02 %
  • Tenancy Single
  • Zoning GC-MD
0 Transit Score
51 Walk Score

Description

This freestanding office building offers an opportunity to a commercial real estate investor looking for a single Tenant property with a strong financial operation. The property is well positioned in Beaumont, Texas with Eastex Freeway visibility.    The building is equipped with 7 offices,  waiting area and restrooms downstairs and 4 executive offices with conference room on the second floor.  The primary term of the lease expires in December 2020 with multiple options to renew. The landlord has no expense obligation under the lease.

Beaumont is located in SE Texas and remains the largest metropolitan city between Houston, Tx. and Baton Rouge, La. Beaumont is the largest city within the Golden Triangle. Orange, Pt. Arthur and other smaller surrounding bedroom communities make up the remainder of the population and trade area. Beaumont's economy is predominantly related to the petrochemical industry however, Beaumont serves as the regional city serving the retail and health care industry. Beaumont is a thriving community of approximately 120,000 people with an (MSA) of more than 370,000 people and a trade area of more than 500,000.

Financial Summary (Actual)

Net Operating Income: $18,000 (2017)
Cap Rate: 9.02 %

Major Tenants

Tenant SF Occupied Lease End Date
Parker's Building Supply 3,103 SF 12/1/2020

Parking Details

Parking Available: No
Reserved: No
Type: Surface
Included in Rent: Yes
Andrew Burns 409-866-2398 Burns Properties, Inc.
Andrew Burns 409-866-2398 Burns Properties, Inc.