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2951 FM 1460 - Building 1 2,000 SF Office/Medical Condo Unit Offered at $1,100,000 in Georgetown, TX 78626
INVESTMENT HIGHLIGHTS
- 100% NNN leased on a new 10 year lease to a local dentist
- Excellent visibility and access to FM 1460
- New Construction
- Strong Demographics with Average Household Income within the 1 mile ring over $153,000 and 54,000+ people in the 3 mile ring
EXECUTIVE SUMMARY
This is a new 2,000 sq.ft. single story building located on the "Front Row" of the Highland Vista Office Park. This is a premium lot within the park and and excellent location in a fast growing area. Construction was completed in mid 2025 and nicely finished out as a high end dental office. The tenant is 1460 Dental Studio which occupies the entire building. Highland Vista is a commercial condominium. All exterior maintenance of the building as well as all the common areas are maintained by the condominium association. Interior maintenance is handled directly by the tenant. This is a great passive landlord investment in a new building with a long term lease in place.
PROPERTY FACTS
1 UNIT AVAILABLE
Unit 101 & 102
| Unit Size | 2,000 SF | Cap Rate | 5.64% |
| Price | $1,100,000 | NOI | $62,000 |
| Price Per SF | $550.00 | No. Parking Spaces | 8 |
| Condo Use | Office/Medical | APN/Parcel ID | R638914, R638915 |
| Sale Type | Investment |
| Unit Size | 2,000 SF |
| Price | $1,100,000 |
| Price Per SF | $550.00 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| NOI | $62,000 |
| No. Parking Spaces | 8 |
| APN/Parcel ID | R638914, R638915 |
DESCRIPTION
Highland Vista Office Park is located at the intersection of Westinghouse and FM 1460 across from the TeraVista subdivision on the southern edge of Georgetown. The park is being built in phases with approximately 70% of the buildings completed. Once complete, the park will contain a total of 46,000 sq.ft. of commercial space in 18 freestanding buildings.
SALE NOTES
100% Triple Net leased to a local dentist on a new 10 year term with 2% annual increases.
PLEASE DO NOT DISTURB THE TENANT. THE DENTAL PRACTICE IS NOT FOR SALE. VIEWING IS BY APPOINTMENT ONLY. PLEASE CONTACT AGENT TO SHOW.
NNN TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| 1460 Dental Studio |
2,000 SF
|
July 2035
|
Presented by
Commerce Realty Advisors
2951 FM 1460 - Building 1
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