Bilt Commercial

Magnolia Plaza High Cap Rate | Low Price/SF

Price
$1,550,000
Cap Rate
10.5%
Occupancy
99%
GLA
71,878 SF
Lot Size
7.65 AC
Year Built
1960/2016

CONTACT

brandon

Brandon Hakimi

Director of Investment Sales

Investment Highlights

ANCHOR TENANT STABILITY – The Furniture Store has been at this location for 40+ years.

PRIME LOCATION – Situated just half a mile from Bastrop’s central square, Magnolia Plaza enjoys prime visibility along the city’s main thoroughfare, attracting over 19,000 vehicles per day.

HIGH VISIBILITY/ATTRACTIVE PYLON SIGN – Attractive pylon sign with high visibility to passing traffic, pedestrians, and potential clients with a form of continuous advertising, increasing awareness of the building and its occupants.

VALUE-ADD OPPORTUNITY – One remaining inline vacant space along with below-market rents (opportunity to increase rents over time).

WELL-MAINTAINED & ENERGY EFFICIENT – Updated spaces with a new roof, HVAC systems, and more.

AMPLE PARKING & SECURITY – 100+ spaces with safety lighting throughout.

CONVENIENT UTILITIES – Cable, electric, and gas on separate meters.