210 West Park Livingston TX

210 West Park Drive, Livingston, TX

$5,290,000

Price

6.2%

Cap Rate

31,463 sqft

Building Size

Overview
Cap Rate
6.2%
Building Size
31,463 sqft
Lot Area
4 acres
Occupancy
81%
Year Built
2008
Floors
1
Parking Spots
105
Roof
Metal/Gable
Heating
Central
Cooling
Central
Description

Multi-tenant medical office building with a total of 28,364 sq. ft. (per owner) of rentable area, constructed in 2008. The building includes leasable spaces with common area hallways and restrooms. Tenants include a variety of medical specialties. The building is located within a larger medical complex that includes St. Luke's Health Memorial Hospital and other medical buildings. 


Oversized Parcel of 4 Acres that allows for redevelopment options in the future. 
The projected population growth from 21 - 26 is 10.02% within a 3-mile radius.
Historical population growth is 10 -  21 has been 8.68% within a 3-miles and 17.62% within a 10-mile radius. 



Lake Livingston, one of the largest lakes in the State of Texas, was completed in 1973 and is located 15 miles west of Livingston on U.S. Highway 190. Lake Livingston, which covers approximately 90,000 surface acres, is an important tourist attraction and an economic asset to the City. A wide range of public and commercial recreation facilities, including full-service marinas, camping, and motel accommodations are located along the shoreline.

Health Care Industry Businesses

Additionally, much new growth in the region has focused on the healthcare industry as well as retiree and senior-care-related industries and small businesses. With a state-of-the-art hospital located on the U. S 59 Highway Bypass, the development of numerous new medical office buildings, nursing homes, assisted living and independent living retirement facilities, and an active-adult over-55 residential subdivision, Livingston will continue to experience a growing senior population in the area.

Other Important Businesses

Lumbering, ranching, and the production of gas and oil continue to be important economically to the City.

Texas Department of Criminal Justice

Over the past ten (10) years, Livingston has experienced a diversification of the economic base with the construction by the Texas Department of Criminal Justice of a 2,850-bed maximum-security prison unit five miles outside Livingston. The unit employs approximately 835 people with an annual payroll of close to $20,000,000. Livingston has also seen the construction of the IAH Detention Facility, which employs approximately 229 people.

The property is just 3 miles northeast of the intersection of US Hwy 59 and US Hwy 190, a hub of local retail developments, including a Walmart Supercenter, HEB, Lowes, CVS, Walgreens, Starbucks, McDonalds, Burger King and more. The site is well suited for redevelopment and has excellent frontage with easy access.



Oversized Parcel of 4 Acres that allows for redevelopment options in the future. 

Location