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Office

115 Park Place

115 Park Place Blvd, Waxahachie, TX 75165

Listing Price: $1,850,000

Cap Rate
6.63%
Gross SF
8,789
Rentable SF
8,789
Price/Gross SF
$210.49
Lot Size
1.21 acres
Year Built
2014

Investment Overview

Marcus & Millichap is pleased to present 115 Park Place Boulevard. 115 Park Place is a multi-tenant office building located in Waxahachie, Texas. The subject property is conveniently located right off Highway 287 surrounded by other professional offices and a growing residential population. 115 Park Place is located just seconds from Waxahachie’s busiest retail district. Built in 2014, 115 Park Place is currently anchored by Bristol Hospice and Edward Jones. Bristol occupies 5,500-square feet and has occupied the building since 2014. Bristol will be vacating the space in September of 2022 giving the new owner user the ability to enjoy income until they are ready to move in or give the investor a few months to find a replacement tenant. Currently at 100 percent occupancy 115 Park Place provides immediate cash-flow as well as an opportunity to add value through finding new tenants and increasing their participation in the expenses of the property. This asset has been well maintained by its current ownership group. The subject property's convenient location make 115 Park Place a truly valuable asset for any owner operator or investor.

Investment Highlights

  • Perfect Owner User Opportunity
  • Existing Tenants with Cash Flow
  • Great Location Off 287
  • 100 Percent Historical Occupancy

Exclusively Listed By

Financing By

Listing Price: $1,850,000

Cap Rate
6.63%
Gross SF
8,789
Rentable SF
8,789
Price/Gross SF
$210.49
Lot Size
1.21 acres
Year Built
2014

Investment Highlights

  • Perfect Owner User Opportunity
  • Existing Tenants with Cash Flow
  • Great Location Off 287
  • 100 Percent Historical Occupancy

Investment Overview

Marcus & Millichap is pleased to present 115 Park Place Boulevard. 115 Park Place is a multi-tenant office building located in Waxahachie, Texas. The subject property is conveniently located right off Highway 287 surrounded by other professional offices and a growing residential population. 115 Park Place is located just seconds from Waxahachie’s busiest retail district. Built in 2014, 115 Park Place is currently anchored by Bristol Hospice and Edward Jones. Bristol occupies 5,500-square feet and has occupied the building since 2014. Bristol will be vacating the space in September of 2022 giving the new owner user the ability to enjoy income until they are ready to move in or give the investor a few months to find a replacement tenant. Currently at 100 percent occupancy 115 Park Place provides immediate cash-flow as well as an opportunity to add value through finding new tenants and increasing their participation in the expenses of the property. This asset has been well maintained by its current ownership group. The subject property's convenient location make 115 Park Place a truly valuable asset for any owner operator or investor.

Exclusively Listed By

Financing By

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