La Porte Archives | Sands Investment Group

Sands Investment Group is Pleased to Present Exclusively For Sale the 6,808 SF Maher Dental Plaza Located at 505 W Fairmont Parkway in La Porte, TX. This Value Add Opportunity Has Varying Lease Terms and a WALT of 2.40 Years, With Rent Currently About 40-50% Below Market, Providing For a Secured Investment.

Value Add Opportunity: With Varying Lease Terms and a WALT of Only 2.40 Years the Rent is Currently About 40-50% Below Market
Location: This Property is Situated on One of La Porte’s Main Retail Corridors Directly Across From La Porte City Hall; Only ±21 Miles Southeast of Downtown Houston
Attractive Escalations: Current in Place Leases Have Strong Rental Increases Both on Annual Basis as Well as Edward Jones Having a Fair Market Value Option at the End of 2024
Tenancy: Edward Jones & Maher Dental Have Been at This Site Since 1999; Kessler Vet Care Also Performed a Significant Interior Buildout For Their Current Suite to Their Specifications Showing Long Term Commitment to the Site
Additional 12,500 SF of Contiguous Land, Which Can Be Developed For Additional Income

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

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Affluent Demographics Making an Average Household Income of $75,517 Within a 5-Mile Radius
The Michigan City-La Porte, IN MSA is Strategically Situated Within a One-Day’s Drive of Half of the Population of the United States, With 22 Major Markets Located Within 600 Miles of the MSA
Major Employers of La Porte County Consists of: IU Health La Porte Hospital, Blue Chip Casino, Saint Anthony Memorial Health Center, La Porte Community School Corporation, La Porte County Office and Alpha Baking Company