Listed by Commercial Investment Advisors (CIA) Texas
$3,045,000
STATE OF TEXAS GOVT. OFFICE BUILDING – BEEVILLE, TX
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 10,515
Net Rentable (SqFt) 10,515
Units 1
Cap Rate 7.50%
NOI $228,368
Occupancy 100%
Tenancy Single
Lease Expiration 09/30/2028
Remaining Term 2.6
Rent Bumps Yes
Lease Options Five 5-Year Renewal Options
Broker Co-Op Yes
Year Built 2019
Buildings 1
Stories 1
Acreage 8.560
Zoning C
Ownership (Building & Land) Fee Simple
Office | 7.50% CAP | 10,515 SqFt
Investment highlights
· PRICE: $3,045,000
· CAP: 7.50%
· RENTAL ESCALATIONS: 50% of CPI Annually
· Texas is an income tax-free state!
· Options: Five 5-year options
· Ownership: Fee Simple (Building & Land)
· 100% Occupied
Listing Contacts
Listed by Commercial Investment Advisors (CIA) Texas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$228,368.00
$19,030.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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