Closed Commercial Sale
20500 FM 1431, Lago Vista, TX 78645
20500 FM 1431 Lago Vista TX 78645
- Price $1,400,000
HIGHWAY FRONTAGE! Beautiful custom 2 story office building w/ 2500 sf up & 2500 sf down. Down divided into 3 separate offices. 2 end units larger than middle unit of 343 sf. State Farm & Independence Title occupy the end units downstairs. Highland Lakes RE occupies the upstairs (avail. to new owner). All steel construction w/ stucco & Austin stone. Extremely well maintained. Original owner. Financials avail to qualified prospects only. The current lease rate is under the market of $18+ allowing the owner to retain industry-related tenants. Now $16.80 PSF + NNN. Room for an increase at lease renewal. Good 1031 target.
*Pro Forma financial. Highland Lakes will honor it's lease.Restrictions: Yes
Details
- Property Type
- Commercial Sale
- Sub Type
- Office
- Year Built
- 2001
- MLS / Listing ID
- 3342864
Features
- Exterior
- Lake
- Amenities
- None
- Parking
- None
Listing Agent
Gena Hammonds
Highland Lakes Real Estate
