Executive Summary
- Occupancy: 100%
- Available SF: 15,232 SF
- Date added: Added 2 months ago
Property Insights
- Property Type: Office
- Building RBA: 15,232 SF
- Land Area (AC): 4.42
- Market: McAllen, MSA
Project Overview
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Description:
Entrust Commercial Advisors Group, part of KW Commercial, has been exclusively retained to market the Workforce Solutions (WFS) Office property at 901 Travis St. in Mission, Texas. Notably, this offering features a fully occupied, single-tenant investment. Additionally, the property offers an attractive 13.29% cap rate. Importantly, the income stream benefits from the strong credit of the State of Texas.
Furthermore, the property contains approximately 15,232 square feet of rentable building area. Specifically, it operates within an established office condominium regime. Originally built in 2007, the building offers Class B construction. In addition, ownership includes a proportional 4.42-acre lot share. Since 2008, the office has served the region.
Recently, the ownership completed capital improvements, including roof and HVAC upgrades. As a result, the property presents reduced near-term capital risk. Moreover, Workforce Solutions operates one of only 180 similar offices statewide. Likewise, it maintains just six locations within the Lower Rio Grande Valley.
Beyond its physical attributes, the agency plays a critical role in the local economy. Specifically, it equips residents with in-demand workforce skills. At the same time, the agency provides education resources. Additionally, it assists residents with childcare services and unemployment benefits. Therefore, the tenant maintains a strong, mission-driven presence.
From a location standpoint, the property offers convenient regional access. In particular, it sits approximately 945 feet from Interstate 2. Meanwhile, the site carries C-3 zoning, supporting continued commercial use.
Financially, the property is offered at an asking price of $1,650,000. Accordingly, this equates to $108.32 per square foot. Currently, the investment generates a net operating income of $219,263. With 100% occupancy, this opportunity suits investors seeking stable cash flow and reduced operational risk.
For more information, contact:
Show all description
Gustavo Torres
(210) 219-3680
gus@entrust-ca.com
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Project Highlights
- ●: Recent Capital Improvements | Roof & HVAC
- ●: Excellent Credit Rated Tenant | Fitch AAA
- ●: Convenient Access to Expy | 945’ to I-2
- ●: Attractive CAP Rate | 13.29%
- ●: Long Established Office | Est. 2008