MRB Group Office - Downtown Temple
Office | 6.03% CAP | 13,080 SF
Marketing description
Overview: MRB Group Building - Available For Sale
Property Type/Sub-Type: Office / Professional Office
Description: ±13,080 Square Feet. Single-Tenant Freestanding Office Building in Downtown Temple's CBD. Complete interior & exterior renovations completed in September 2020.
Location: Located at West Calhoun Ave, North 7th Street & North 5th Street in Downtown Temple CBD. Near Temple Fire & Rescue Central Station, KCEN-TV Station, ExtraCo Bank, Santa Fe Plaza, Temple EDC, Temple ISD Admin., Temple City Hall & more.
Region/MSA: Central Texas/Killeen-Temple-Ft. Hood.
Lease Summary: 7 Years Left on a 10-Year Lease to MRB Group. Rate Fixed for 5-years, Annual Escalations in years 6-10. Modified Gross Terms.
Investment Type: Stabilized.
Class: B
Tenancy: Single
Square Footage: ±13,080
Occupancy: 100%
NOI: $137,082.69
Price/SF: $183.49
Cap Rate: 6%
Year Built: 1990
Year Remodeled: Q3 2020
Lot Size: ±1.2672 Acres (240' x 230').
Zoning: CA-Central Area.
Price: $2,275,100 (173.94/SF).
Investment highlights
NOI: 136,506
6.8-Years Left on 10-Year Lease.
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