848 Palm Dr
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848 Palm Dr
15,816 SF 100% Leased Office Building Elsa, TX 78543 $2,833,522 CAD ($179 CAD/SF) 6.78% Cap Rate
Executive Summary
Excellent and safe office investment offering in the Rio Grande Valley. State of Texas Backed tenant with long standing tenure and very safe offering. Contact for additional details on this offering.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,816 SF
Building Class
B
Year Built/Renovated
2003/2017
Price
$2,833,522 CAD
Price Per SF
$179 CAD
Cap Rate
6.78%
NOI
$192,144 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,816 SF
Building FAR
0.12
Land Acres
3.10 AC
Zoning
CO,RS
Parking
60 Spaces (3.79 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | P7350-00-000-0015-00 | Improvements Assessment | $1,119,944 CAD |
| Land Assessment | $664,441 CAD | Total Assessment | $1,784,385 CAD |
PROPERTY TAXES
Parcel Number
P7350-00-000-0015-00
Land Assessment
$664,441 CAD
Improvements Assessment
$1,119,944 CAD
Total Assessment
$1,784,385 CAD
-
Joaquin Lopez -
LOCAL Real Estate Group
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848 Palm Dr
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