Office

Texas Department of Criminal Justice

Horizon City, TX

Asking Price

$1,059,000

Cap Rate

7.50%

State of TX Lease

AAA Credit

Icon_guarantee_shield-1

Price Point

Low

Recent Improvements

$81.7K+

INVESTMENT HIGHLIGHTS

State of Texas Lease
The State of Texas carries an investment-grade credit rating of AAA by Standard & Poor's and Aaa by Moody's
Recent Renovations
Over the past few years, the Landlord has invested more than $81,700 in repairs for the Tenant
Larger Building | Early Extension
The building size was increased from 2,394 SF to 4,532 SF
Long-Term Tenant
The State of Texas - TDCJ recently exercised a 5-year extension

Excellent Visibility
Horizon Blvd is the major East-West thoroughfare with over 23,423 cars per day
El Paso
6th largest metro area in Texas
Demographics
188,484 people and $88,699 average HH income within 10 miles

Exclusively Listed By

Brian Corriston

Vice President
bcorriston@northmarq.com 832.485.7307
TX Lic. #516241

Chris Howard

Assistant Manager of Investment Analysis
choward@northmarq.com 678.654.5652

Brian Lane

Senior Associate
blane@northmarq.com 404.663.3412

Debt & Equity

Larry Peters

Senior Vice President - Senior Director, Debt & Equity
lpeters@nothmarq.com 713.871.5812

Michael Borden

Vice President, Debt & Equiry
mborden@northmarq.com 832.638.5755

Northmarq

10333 Richmond Avenue, Suite 740
Houston, TX 77042

northmarq.com