7600 Bayway Dr
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7600 Bayway Dr
11,787 SF 100% Leased Office Building Baytown, TX 77520 £860,695 (£73/SF) 8.34% Net Initial Yield
Executive Summary
Excellent investment opportunity with upside potential. A two-tenant income property located near EXXON/MOBLE on Bayway Drive in Baytown. 5,250 SF is built out as restaurant and occupied by Lercy’s. 2,250 SF is office and is occupied by EXXON/MOBIL. It is priced well below replacement cost and includes an additional 2.5 acres. Based on a Proforma of the current leases the CAP Rate 8.34 including allowances for maintenance and vacancies.
Property Facts
Sale Type
Investment
Property Type
Building Size
11,787 SF
Building Class
B
Year Built
2021
Price
£860,695
Price Per SF
£73
Net Initial Yield
8.34%
NOI
£71,813
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
7,500 SF
Building FAR
0.09
Lot Size
2.85 AC
Zoning
NSC - Neighborhood Supporting Commercial
Parking
10 Spaces (1.33 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0591430000240 | Improvements Assessment | £958,516 |
| Land Assessment | £413,169 | Total Assessment | £1,371,685 |
PROPERTY TAXES
Parcel Number
0591430000240
Land Assessment
£413,169
Improvements Assessment
£958,516
Total Assessment
£1,371,685
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7600 Bayway Dr
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