2600 Gulf Fwy

Sales Notes for [Building Name/Address]
Overview:
Occupancy: 100% Occupied
Lease Type: Modified Gross Leases
Tenant Profile: Long-term, stable tenants
Building Type: Office / Mixed-Use (No Bay Doors)
Location: La Marque, TX
Investment Highlights:
Fully Leased Building:
100% Occupancy: The building is fully occupied with a roster of reliable, long-term tenants, ensuring a steady and dependable cash flow.
Stable Income Stream:
Long-Term Tenants: Multiple tenants are currently on their second multi-year contract, demonstrating their ongoing commitment and reducing turnover risk.
Modified Gross Leases: Tenants cover base rent and a share of operating expenses, striking a balance in cost management.
Strong Rental History:
Tenant Retention: High tenant retention rate indicates strong satisfaction with the property.
Building Features:
Office / Mixed-Use Space: The property offers adaptable office and mixed-use spaces designed to accommodate a diverse range of professional and commercial needs.
No Bay Doors: Specifically configured without bay doors, making it ideally suited for office and professional service use.
Strategic Location: Situated on the northbound side of Interstate 45, providing excellent visibility and accessibility. The property benefits from dual access points: convenient parking on both the I-45 frontage road and Burnett Street, enhancing ease of access for tenants and clients.
Prime Location:
Location Benefits: Located in La Marque, TX, the property offers excellent accessibility and visibility within the community.
Neighborhood Growth: La Marque is experiencing positive growth and development, which could further enhance property value.
Financial Performance:
Operational Efficiency:
Expense Management: Modified gross leases ensure that operating costs are efficiently shared, maintaining a well-balanced financial structure.
Management Quality: The building is well-maintained and managed by a the property owner, adding to its overall attractiveness. You are not tied to any management contracts and are free to chose your own management company, or manage it yourself the way the tenants have been used to being managed.
Appreciation: The property is located in a growing area with potential for long-term value appreciation.
Risk Mitigation: The lease structure and tenant stability help mitigate investment risks.
Summary:
This fully occupied office/mixed-use building in La Marque, TX, presents an exceptional investment opportunity with its stable, long-term tenants and effective modified gross lease structure. Featuring multiple tenants on their second multi-year contract, the property’s prime location on the northbound side of Interstate 45, coupled with convenient parking access from both the I-45 frontage road and Burnett Street, enhances its appeal. The building’s versatile use and strong financial performance make it a compelling option for investors seeking a reliable, income-generating asset with substantial growth potential.