South C.A.N.A. - Beaumont, TX Commercial Real Estate
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6250 Ivanhoe Ln
South C.A.N.A., Beaumont, TX
▶ All units appear to be $100 below market. New owner could increase NOI by bringing units to “market”. This would result in an additional $110,000 of revenue annualy.. ▶ 56 out of 92 units are upgraded. Upgrading 36 units to "property's current market rents" would increase annual NOI by nearly $50,000. In addition there are 24 units currently equipped with washer and dryers. New owner could install W/D in remaining 12 units which would result in NOI increase of $15,000 for total NOI increase of $65,000.. ▶ Water conservation devices need to be installed saving an estimated $32K in water.. ▶ New owner could charge for covered parking. There are 92 covered parking spots. Charging $45 for the usage of 50 would increase NOI by $27,000.. ▶ Property is currently being run “all bills paid”. New owner could charge $50 per unit for valet trash and pest control increasing NOI by nearly $5,000.. ▶ Property qualifies for attractive agency debt. Please contact the broker for details.
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6220 Phelan Boulevard
6220 Phelan Blvd
South C.A.N.A., Beaumont, TX
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Market Stats
South C.A.N.A. has 8 commercial real estate spaces for lease, representing 41,202 sqft space.
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