Net Leased Office Condo Investment

Highlights

  • Investment Opportunity 
  • Early Term Leases w/Extensions
  • Annual Rent Increases
  • High-Quality Professional Tenants
  • 1/2 mile to IH 35
  • Walkable to Hays County Campus
  • Walkable to Local Restaurants
  • 100% Masonry; Metal Roof
  • Front-porch style independent entries 

 

Downloads

Save | Print PDF Inquire
  • Seller: LC3 Capital Partners, LLC
  • Location: 1913 Dutton Drive
    San Marcos, TX 78666
  • Zoning: General Commercial
  • Utilities: All available and underground, except gas
  • Seller Financing: No
  • Maximum Contiguous SF: 3804

These NNN-leased office condos feature early-term leases with high-quality professional tenants and provide a turnkey real estate investment opportunity unique to the Greater San Marcos market. Units are offered at low 7% cap rates and may be purchased individually or collectively. A summary of lease terms and additional information is available upon request and execution of a non-disclosure agreement.

  • Unit 402: Publically traded international deep foundations and geotechnical solutions firm
  • Unit 406: National engineering firm with electric utility focus


1913 Dutton Drive Office Condominiums are constructed with metal roofs, front-porch style independent entries, and an all-sides masonry exterior envelope. Condo owner association dues cover common utilities, property insurance, landscaping, trash & recycling, and more. 2020 condo association dues are $0.11 per square foot per month, paid semi-annually. The majority of the association dues (along with Property Taxes) are passed through to tenants as part of NNNs. 

Located only a half mile west of IH35 and just off Wonder World Drive, these office condo units have excellent access to downtown San Marcos, Central Texas Medical Center, and the Hill Country. The complex is within convenient walking distance of the nearly 300,000 SF Hays County Government Campus as well as numerous local restaurants such as: Garcia's Mexican Food, A-TAN Asian Bistro and Sushi Bar, PerkUP CoffeehouseFigaro's Pizza, Prik Nam Pla Thai Food, and Dos Gatos Kolaches.

Units are all tenant-occupied. Do not disturb tenants. Please call 512-392-3322 or submit an inquiry here for more information or to set up a showing. 

Unit Size Offered Price Unit Price Status
402 3804 SF $1,116,112 Base: $293 PSF Available
305 952 SF $278,066 Base: $292 PSF Sold
404 963 $245,144 Base: $255 PSF Sold
406 1892 SF $502,351 Base: $266 PSF Available