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  • Sold
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #1
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #2
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #3
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #4
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #5
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #6
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #7
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #8
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #9
Sold | 6,808-SF Professional Office Investment Property, La Porte TX - #10

For Sale

$1,125,000 USD

Investment Opportunity – Stabilized, 100% leased multi-tenant professional office building with excellent frontage on main thoroughfare now available. 505 W Fairmont Pkwy is a 6,808-SF building on 0.789 acres, located in the heart of La Porte, about 21 miles southeast of downtown Houston. This property has a strong tenant mix with a long-term history of tenant occupancy and stability and offers an excellent opportunity for stabilized regular monthly income. If desired, the four-tenant property can be easily maintained and managed by the owner. The property includes 12,500 SF of vacant contiguous land which can be developed for additional income. The offering price of $1,125,000 is a combination of a 7.5% cap rate on the existing annual net operating income for the building and $4.00/SF (or $50,000) for the adjacent 12,500 SF of contiguous land. Contact advisor to receive the full offering memorandum.

  • 11/29/2021
  • SOLD