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27416703
27416704

901 Travis Street, Mission, TX 78572 For Sale

GT
TX TX 681940
Keller Williams - City View
Listed by Keller Williams - City View
Unpriced
281 days on market
Updated 10 days ago
Under Contract

State Leased Office Condo

Details
APN C4445-00-000-000(6)(7)(8)(9)-00
Property Type Office
Sub Type Traditional Office
Square Footage 15,232
Net Rentable (SqFt) 15,232
Units 1
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 18
Lease Expiration 10/30/2026
Remaining Term 0.3
Lease Options (2) 1-Year
Broker Co-Op Yes
Class B
Year Built 2007
Acreage 4.420
Zoning C-3
Investment Type Value Add
Tenant Credit Credit Rated
Lease Commencement 10/31/2008
Occupancy Date 10/31/2008
Ground Lease No
Ownership Condominium

15,232 SqFt

Marketing description

Entrust Commercial Advisors Group, a part of KW Commercial, has been exclusively retained to market the Workforce Solutions (WFS) Office property at 901 Travis St. in Mission, Texas for sale. This offering represents a 100% occupied investment opportunity boasting a 13.29% Cap Rate backed by the strong credit of the State of Texas.

The WFS Office is an established single unit office incorporated into a condominium regime. It is 1 of 180 offices of its kind in Texas, and 1 of 6 in the Lower Rio Grande Valley. The agency’s agenda is to equip the local population with the skills employers seek and enrich the community with information, and education. In addition, the agency assists the local population in securing child-care services and unemployment benefits.

This investment opportunity is optimal for investors seeking cash flowing properties with scheduled increase, featuring tenants with a strong community presence.

For more information or to schedule a tour, please contact us at your convenience.

Investment highlights

  • Recent Capital Improvements | Roof & HVAC

  • Excellent Credit Rated Tenant | Fitch AAA

  • Convenient Access to Expy | 945’ to I-2

  • Attractive CAP Rate | 13.29%

  • Long Established Office | Est. 2008

Listing Contacts

GT
TX TX 681940
Keller Williams - City View
Listed by Keller Williams - City View

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$18,271.92/mo

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Additional Information

Name
Gustavo Torres
License
TX 681940
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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