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124 E Bandera Rd - Building #100 5,400 SF Office/Medical Condo Unit Offered at $1,995,000 in Boerne, TX 78006
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 92 |
| Cap Rate | 6.30% |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Parking Spaces | 92 |
Description
Building 100 (Units 101-104) for sale in this established and fully occupied condominium office park. The Property Owners' Association controls and manages the common areas with a board of directors.
Sale Notes
This 5,400 SF building has been occupied by WellMed Medical Management since 2008. Their current lease expires at the end of 2028. They have a 5-year extension option at market rent. The average annual capitalization rate to the end of the current lease is about 6.3%.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101-104 | 5,400 SF | Office/Medical | $1,995,000 ($369.44/SF) | $125,685 |
Unit 101-104
| Unit Size |
| 5,400 SF |
| Condo Use |
| Office/Medical |
| Price |
| $1,995,000 ($369.44/SF) |
| NOI |
| $125,685 |
1 of 1
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Unit 101-104
| Unit Size | 5,400 SF |
| Condo Use | Office/Medical |
| Price | $1,995,000 ($369.44/SF) |
| NOI | $125,685 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Parking Spaces | 92 |
| Description | |
| Building 100 (Units 101-104) for sale in this established and fully occupied condominium office park. The Property Owners' Association controls and manages the common areas with a board of directors. | |
| Sale Notes | |
| This 5,400 SF building has been occupied by WellMed Medical Management since 2008. Their current lease expires at the end of 2028. They have a 5-year extension option at market rent. The average annual capitalization rate to the end of the current lease is about 6.3%. |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,400 SF | Typical Floor Size | 5,400 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Property Subtype | Medical | Tenancy | Single |
| Building Class | B | Lot Size | 1.60 AC |
| Floors | 1 | Parking Ratio | 17.04/1,000 SF |
| Zoning | C3 - Community Commercial | ||
| Total Building Size | 5,400 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 5,400 SF |
| Year Built | 2005 |
| Tenancy | Single |
| Lot Size | 1.60 AC |
| Parking Ratio | 17.04/1,000 SF |
| Zoning | C3 - Community Commercial |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| WellMed |
5,400 SF
|
December 2028
|
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124 E Bandera Rd - Building #100
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