Office    

HHSC, DFPS & DSHS

 Gilmer, TX

Asking Price

$824,000

Cap Rate

8.00%

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Investment Grade

Tenant

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Annual CPI Escalations

Up to 50%

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Tenant

since 2001

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Easy Access to Property

Community Familiar with Location

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Office

Market Comeback

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Significant CAPEX Investment - Including New Roof, Parking Lot and Sidewalks, New Floors, & Repainted Exterior
  • Annual CPI Escalations up to 50% of CPI.
    Increase coming July 1, 2024, estimated to be 1.5% to 3% of the current rent providing upside for the Buyer
  • Tenant Since 2001 and has renewed
    multiple times.
  • Investment Grade Tenant
  • Easy Access to Property with Community Familiar with Location
  • Office Market Comeback

Exclusively Listed By

Brian Corriston

Vice President
  bcorriston@northmarq.com      +1 832.485.7307
TX Broker #516241

Chris Howard

Assistant Manager of Investment Analysts
  choward@northmarq.com   

Brian Lane

Senior Associate
  blane@northmarq.com   

Northmarq

One Riverway Dr., Suite 1600
Houston, Texas 77056


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