Maher Dental Plaza | La Porte, TX
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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