For Sale
$1,490,000

2828 Cottonwood Ln Temple, TX 76502

High-yield, 100% occupied medical office.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional single-tenant medical office building, located at 2828 Cottonwood Lane in Temple, Texas, presents a compelling investment opportunity. The property boasts 11,336 square feet situated on one story, currently operating at 100% occupancy under a Net Lease (NN) agreement. The asking price is $1,490,000, translating to a price per square foot of $131.44. The building's strong performance is reflected in its impressive Net Operating Income (NOI) of $125,235, yielding a robust 8.41% capitalization rate. This Class C property is ideally suited for investors seeking a stable, high-return investment in the thriving Temple, Texas market. The property's single-tenant structure minimizes management complexities and ensures consistent cash flow. Its location in Bell County, Texas, zip code 76502, offers convenient access to key transportation routes and a growing patient base. This is a rare opportunity to acquire a well-performing medical office building with significant upside potential. The property is currently fully leased, providing immediate income generation and a secure investment. Detailed financial information is available upon request.

Highlights

  • 11,336 SF single-tenant medical office building in Temple, TX.
  • 100% occupancy under a Net Lease (NN) agreement.
  • Asking price: $1,490,000 ($131.44/SF).
  • $125,235 NOI, 8.41% cap rate.
  • Class C property in a growing market with strong cash flow and minimal management.

Property Details for 2828 Cottonwood Ln

Property type
Office properties, Medical offices
Square Feet
11,336 SF
Class
C
Stories
1

Location Insight

City
Temple
County
Bell
State
Texas
Latitude
31.0748118
Longitude
-97.3831862

FAQs

What type of property is this?
Office property - High-yield, 100% occupied medical office.
Where is the office property located?
The property is located at 2828 Cottonwood Ln Temple, TX.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 11,336 SF single-tenant medical office building in Temple, TX.; 100% occupancy under a Net Lease (NN) agreement.; Asking price: $1,490,000 ($131.44/SF).
How can I contact the broker?
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2828 Cottonwood Ln
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