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Buildings A & B 2715 Fannin St 4,326 SF 100% Leased Office Building Houston, TX 77002 $3,193,110 CAD ($738.12 CAD/SF) 7.56% Cap Rate
Investment Highlights
- Two Medical Office Buildings
- Gated Security
- Easy Access
- Close Proximity to Downtown Houston and Medical Center
- Heavy Daytime Traffic
- Corner Lot
Executive Summary
2715 Fannin Street is a Midtown Houston office investment opportunity offered at $2,350,000, 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 $177,753 and a 7.56% 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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$304,908
|
$70.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$304,908
|
$70.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$63,383
|
$14.65
|
| Net Operating Income |
$241,525
|
$55.83
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $304,908 |
| Annual Per SF | $70.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $304,908 |
| Annual Per SF | $70.48 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $63,383 |
| Annual Per SF | $14.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $241,525 |
| Annual Per SF | $55.83 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,326 SF
Building Class
B
Year Built/Renovated
1960/2013
Price
$3,193,110 CAD
Price Per SF
$738.12 CAD
Cap Rate
7.56%
NOI
$241,525 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,326 SF
Building FAR
0.34
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
None
Parking
27 Spaces (10.23 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Fenced Lot
- Security System
- Signage
- Kitchen
- Central Heating
- Reception
- Recessed Lighting
- Hardwood Floors
- Air Conditioning
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0190900000005 | Improvements Assessment | $772,633 CAD |
| Land Assessment | $1,298,428 CAD | Total Assessment | $2,071,061 CAD |
Property Taxes
Parcel Number
0190900000005
Land Assessment
$1,298,428 CAD
Improvements Assessment
$772,633 CAD
Total Assessment
$2,071,061 CAD
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Buildings A & B | 2715 Fannin St
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