2715 Fannin St - Medical FOR SALE


Houston, TX 77002- Midtown Houston
$2,400,000 USD
650-391-1700
2715 Fannin St, Houston, TX for Sale
$2,400,000 USD
Medical - FOR SALE
1/90
null | 7.27% Cap Rate

2715 Fannin St
Houston, TX 77002
Midtown Houston


HIGHLIGHTS

  • Two Medical Office Buildings
  • Close Proximity to Downtown Houston and Medical Center
  • Gated Security
  • Heavy Daytime Traffic
  • Easy Access
  • Corner Lot

OVERVIEW

2715 Fannin Street is a Midtown Houston office investment opportunity offered at $2,400,000, featuring ±4,766 SF of building space on a ±12,502 SF lot. The property generates $224,400 in gross revenue with a net operating income of $174,370 and a 7.27% cap rate, supported by a diverse tenant mix and long-term leases. Houston’s retail sector is experiencing strong growth, with vacancy rates down to 6.0% and average asking rents rising for the eleventh consecutive year to $19.30/SF. Multi-tenant sale prices have increased annually since 2012, while single-tenant assets command high sale prices and cap rates, making this a prime investment in a thriving market. All showings are by appointment only through Marcus & Millichap.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$555 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Buildings A & B

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

None

APN/PARCEL ID

0190900000005

ASK ABOUT THIS PROPERTY

Linh-Bach NguyenMarcus & MillichapMore Info
650-391-1700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Linh-Bach NguyenMarcus & MillichapMore Info
650-391-1700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.