Price: $390,000 – Please do NOT stop by and bother the tenants.
132 NW Ellison is a 2664 square foot office building with 9 separate offices along with common his / hers restrooms and kitchen area. The property sits on .2750 acres which is a corner lot. This property is the “Old Town” area of Burleson which is booming with new offices, restaurants and retail. It’s extremely hard to find anything commercial in Burleson for under $500,000.
2017 Rents totaled $32,700 and total expenses were $11,404.65 netting $27,295.35 income.
This could be a great investor property as it is currently 100% occupied. Or, an owner could move in a use the portion they need and lease out the remainder as they grow into it.
I have owned this property for over twelve years and am simply wanting to reduce the total number of properties I manage / maintain. Plus I’m needing cash for other projects.
Currently a total of 3 tenants occupy the spaces. Two of three tenants have been in this same location over 12 years. The property to the left at 136 NW Ellison (former Burleson Auto Center) recently sold and the comps definitely support my price.
Before I will show the property or engage in discussions any prospective buyer must provide a pre-qualified letter from their lender OR a bank statement showing proof of funds. Sorry…too many tire kickers who are not serious and I don’t want to waste anyone’s time.