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1503 N Center St
Bonham, TX 75418
Office Property For Sale
EXECUTIVE SUMMARY
Fully Leased commercial Building. Leased to State of Texas- Texas Family Initiative for monthly rent of $3600 unit nov 30 -2028 with every year $100 increase in rent . Cap Rate of 6.5. Utilities and maintenance on actuals paid directly by tenant. Repairs to be paid by tenant unless structural. Rent clause image from lease agreement. Owner Pays Annual Taxes of $6100 -Year & Insurance -$2600 per Year Fully Reconstructed in 2023 -Independent freestanding building: New HVAC Systems & duct work 2023 – 10-Year warranty; New Commercial Electrical wiring systems-2023 New Plumbing and ADA restrooms-2023;New Foam insulation-2023;New doors, trims and windows-2023 New Flooring, Painting, door knobs and other finish items-2023;New concrete, sidewalks, parking per approved site plan; New Landscaping
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,658 SF
Building Class
B
Year Built
1950
Price
$688,900 CAD
Price Per SF
$415.50 CAD
Cap Rate
6.50%
NOI
$44,778 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,658 SF
Building FAR
0.10
Lot Size
0.37 AC
Zoning
Commercial - Business use
AMENITIES
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 71404 | Improvements Assessment | $303,174 CAD |
| Land Assessment | $134,722 CAD | Total Assessment | $437,896 CAD |
PROPERTY TAXES
Parcel Number
71404
Land Assessment
$134,722 CAD
Improvements Assessment
$303,174 CAD
Total Assessment
$437,896 CAD
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