1921 Corporate DrSan Marcos, TX 78666

For Sale
$2,300,000

High-Occupancy Office Investment, Texas

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple, single-story, Class B office building totaling 9,100 square feet situated on a 28,000 square foot lot in the thriving San Marcos, Texas market. Located at 1921 Corporate Drive, this property boasts a prime location adjacent to the Hays County Government Center, ensuring high visibility and convenient access to essential services. The building, constructed in 2002, currently houses three tenants under a triple-net (NNN) lease agreement with a corporate guarantee, providing a stable and diversified income stream with 100% occupancy. The net rentable area is 7,666 square feet, commanding a price per square foot of $252.75. The asking price for this exceptional investment is $2,300,000. The property includes 34 parking spaces and features rent bumps, providing future income growth potential. This amenity-rich area offers numerous dining, retail, hotel, and banking services, enhancing the appeal to both tenants and investors. The property's APN is R105247. This is a rare opportunity to acquire a well-located, high-performing office building in a rapidly growing Texas market. The property offers a secure investment with a strong tenant base and significant upside potential.

Highlights

  • $2,300,000 asking price for a 9,100 SF office building.
  • Net lease investment opportunity with a corporate guarantee.
  • Three tenants in a 100% occupied, Class B building.
  • 7,666 square feet of net rentable space, priced at $252.75/SF.
  • Located at 1921 Corporate Dr, San Marcos, TX 78666, on a 28,000 SF lot.

Property Details for 1921 Corporate Dr

Property type
Other office properties, Office properties
Square Feet
9,100 SF
Class
B
Year Built
2002
Buildings
1
Stories
1

Location Insight

City
San Marcos
County
Hays
State
Texas
Latitude
29.8637914
Longitude
-97.9581975
1921 Corporate Dr, San Marcos, Texas

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1921 Corporate Dr
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