Single Tenant Office Investment Opportunity in Downtown Temple CBD

303 West Calhoun, Downtown Temple, Bell County, TX 76501

$2,500,000 (191/SF)

Property Type/Sub-Type: Professional Office / General 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:  8.5 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: Stablized/Core.

Class: B

Tenancy: Single

Square Footage: ±13,080

Occupancy: 100%

NOI: $136,506

Price/SF: $183.49

Cap Rate: 5.46%

Year Built: 1990

Year Remodeled:  Q4 2020

Lot Size: ±1.2672 Acres (240' x 230').

Zoning: CA-Central Area.

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510 South 1st Street, Temple Texas 76504

Office: (254) 770-0996

e-mail: info@jirasekrealty.com

Fax: (254) 770-3090

www.facebook.com/JirasekRealty

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This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.  All references to age, square footage, lot sizes, school district, zoning, income/expenses, etc. are approximate. Buyers should conduct their own independent investigations and rely only on those results.  All information subject to change.