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Office

1300 N Anglin

1300 N Anglin St, Cleburne, TX 76031

Listing Price: $1,175,000

Cap Rate
7.61%
Gross SF
10,640
Rentable SF
10,640
Price/Gross SF
$110.43
Lot Size
0.73 acres
Year Built
1980

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 1300 North Anglin Street, in Cleburne, Texas. The property is currently fully occupied by the Department of Family and Protective Services. The subject office building was built in 1980 as a multitenant facility. In 1993 the State of Texas tenant occupied the property on a long-term lease and absorbed the second tenants' space over the years. The property is well maintained and has a history of adjusting lease terms to match the top end of the market for rent per square foot. With a cap rate of 7.61 percent and a day one cash-on-cash return of 10.59 percent this asset is a consistently performing investment opportunity. With asking price being $110.43 per square foot, this is an opportunity to own an asset that is a consistent performer submarket average for price per foot. The single-tenant, office building contains a total of 10,640 square feet of rentable area and is conveniently located less than two miles away from the U.S 67 Access Road and the Chisholm Trail Parkway, allowing for easy access to the property. The office building is located on the intersection of North Anglin Street and Batterson Street , across from the street from G&G Gas & Diesel Repair and next to the Cornerstone Church. The Intersection of Batterson Street and North Main Street sees an estimated annual average daily traffic of 18,794 vehicles. The current tenant is a part of the State of Texas and has a gross lease in place. The property benefits from strong demographics, serving a five-mile population of approximately 43,746 residents with a one-mile average household income exceeding $50,502.

Investment Highlights

  • 10,640-Square-Foot, Single-Tenant Office Building
  • Fully Occupied
  • Historically Consistent Cash Flow
  • Attractive Cash-on-Cash Return
  • Near Multiple Retail Shops & Restaurants
  • Close Proximity to the Cleburne Regional Airport

Exclusively Listed By

Financing By

Listing Price: $1,175,000

Cap Rate
7.61%
Gross SF
10,640
Rentable SF
10,640
Price/Gross SF
$110.43
Lot Size
0.73 acres
Year Built
1980

Investment Highlights

  • 10,640-Square-Foot, Single-Tenant Office Building
  • Fully Occupied
  • Historically Consistent Cash Flow
  • Attractive Cash-on-Cash Return
  • Near Multiple Retail Shops & Restaurants
  • Close Proximity to the Cleburne Regional Airport

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 1300 North Anglin Street, in Cleburne, Texas. The property is currently fully occupied by the Department of Family and Protective Services. The subject office building was built in 1980 as a multitenant facility. In 1993 the State of Texas tenant occupied the property on a long-term lease and absorbed the second tenants' space over the years. The property is well maintained and has a history of adjusting lease terms to match the top end of the market for rent per square foot. With a cap rate of 7.61 percent and a day one cash-on-cash return of 10.59 percent this asset is a consistently performing investment opportunity. With asking price being $110.43 per square foot, this is an opportunity to own an asset that is a consistent performer submarket average for price per foot. The single-tenant, office building contains a total of 10,640 square feet of rentable area and is conveniently located less than two miles away from the U.S 67 Access Road and the Chisholm Trail Parkway, allowing for easy access to the property. The office building is located on the intersection of North Anglin Street and Batterson Street , across from the street from G&G Gas & Diesel Repair and next to the Cornerstone Church. The Intersection of Batterson Street and North Main Street sees an estimated annual average daily traffic of 18,794 vehicles. The current tenant is a part of the State of Texas and has a gross lease in place. The property benefits from strong demographics, serving a five-mile population of approximately 43,746 residents with a one-mile average household income exceeding $50,502.

Exclusively Listed By

Financing By

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