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Office

Health & Human Services Commission

1328 Oakhurst Dr, Wichita Falls, TX 76302

Listing Price: $1,100,000

Cap Rate
7.49%
Gross SF
13,980
Rentable SF
13,980
Price/Gross SF
$78.68
Lot Size
1.35 acres
Year Built
1991

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the Health & Human Services Commission Building located in Wichita Falls, Texas. The property is located on 1328 Oakhurst Dr in Wichita County with approximately 13,980 square feet of rentable space. The property is fully occupied by the Texas Health and Human Services Commission. This property is fully occupied by a single Government Service Administrative tenant, the Texas Department of Health & Human Services. This GSA tenant built the property specifically for their use and have occupied this building since 1992. The modified gross lease in place makes the tenant responsible for Janitorial and Utilities while paying fair market rate of $7.73/sf. An incoming investor should look to capitalize on the 5 years remaining on the current lease. The single-tenant office building is conveniently located less than one-quarter mile from Interstate 183, allowing for easy access to the property. The intersection of Old Jacksboro Highway and Oakhurst Drive has an estimated average daily traffic volume of 15,384 vehicles. Health & Human Services Commission benefits from strong demographics, serving a five-mile population of approximately 78,890 residents with a one-mile average household income exceeding $72,719.

Investment Highlights

  • One Single Story, 13,980-Square-Foot Single Tenant Office Space
  • Positioned Near I-20, and Route-69
  • 100% Occupied With Modified Gross Lease
  • State of Texas GSA Tenant
  • State of Texas GSA Tenant

Exclusively Listed By

Office

Health & Human Services Commission

Listing Price: $1,100,000

Cap Rate
7.49%
Gross SF
13,980
Rentable SF
13,980
Price/Gross SF
$78.68
Lot Size
1.35 acres
Year Built
1991

Investment Highlights

  • One Single Story, 13,980-Square-Foot Single Tenant Office Space
  • Positioned Near I-20, and Route-69
  • 100% Occupied With Modified Gross Lease
  • State of Texas GSA Tenant
  • State of Texas GSA Tenant

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the Health & Human Services Commission Building located in Wichita Falls, Texas. The property is located on 1328 Oakhurst Dr in Wichita County with approximately 13,980 square feet of rentable space. The property is fully occupied by the Texas Health and Human Services Commission. This property is fully occupied by a single Government Service Administrative tenant, the Texas Department of Health & Human Services. This GSA tenant built the property specifically for their use and have occupied this building since 1992. The modified gross lease in place makes the tenant responsible for Janitorial and Utilities while paying fair market rate of $7.73/sf. An incoming investor should look to capitalize on the 5 years remaining on the current lease. The single-tenant office building is conveniently located less than one-quarter mile from Interstate 183, allowing for easy access to the property. The intersection of Old Jacksboro Highway and Oakhurst Drive has an estimated average daily traffic volume of 15,384 vehicles. Health & Human Services Commission benefits from strong demographics, serving a five-mile population of approximately 78,890 residents with a one-mile average household income exceeding $72,719.

Exclusively Listed By

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