Temple, TX Office Property For Sale

◆ 100% LEASED

◆ NEW ROOF to be installed prior to closing

◆ Easy ACCESS to Loop 363 and IH-35

◆ Regionally Convenient

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: 7 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: Stabilized.

Class: B

Tenancy: Single

Square Footage: ±13,080

Occupancy: 100%

NOI: $136,506

Price/SF: $173

Cap Rate: 6%

Year Built: 1990

Year Remodeled: Q4 2020

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

Zoning: CA-Central Area.

Private off-street/on-street/parking garage parking. 3 floors. 1st floor is 10,545sf, both 2nd and 3rd floors are 6,424sf each. Price includes furniture & generator and is contingent upon a parking/access agreement for 5 S. 1st St. The property will be restricted from further use as a credit union other than Texell.

This property is located on Marlandwood Drive. Marlandwood Drive is a great place to work if you’re looking for convenience and easy access to major corporations. Located between two busy thoroughfares, 31st and 5th Streets, Marlandwood Drive offers easy access to some of the biggest names in retail. Walmart, Sam’s, Lowe’s, and Academy Sports are all within a few minutes drive of this property. Working on Marlandwood Drive means you’ll never be far from the things you need. Whether you’re looking for groceries, home improvement supplies, or sporting goods, you can find it all nearby. Walmart is just a few blocks away and offers a wide selection of groceries and general merchandise. Sam’s Club is also nearby and offers bulk items at discounted prices. Lowe’s is great for home improvement projects and Academy Sports has everything you need for outdoor activities. The convenience of working on Marlandwood Drive doesn’t end with shopping. There are plenty of restaurants in the area as well. From fast food to fine dining, there’s something for everyone. You can also find plenty of entertainment options nearby. The building is 2 stories, setup for a small business. Plenty of parking, Water and Utilities set up.

◆ Easy ACCESS to IH-35 and W. Adams Avenue

◆ Regionally CONVENIENT to Temple and Belton

◆ 100% LEASED

Property Description: ±2,028 Sq.Ft. (Bell CAD) Dental/Medical/Office Building. Wood Frame Construction with Brick Veneer on Concrete Slab, Composition Shingle Roof. Built in 1985.

Location: In the Birdcreek Office Park just off of IH-35 & Loop 363. Temple is located Regionally between Austin & Waco.

Site/Land: Asphalt Parking area. Site is ±0.583 Acres.

Utilities: City of Temple Water, Trash & Sewer, Oncor Electric.

Zoning: O1-Office.

Traffic: 19,000 VPD on SW HK Dodgen Loop (2022) & 92,000 VPD on IH-35 (2022).

Demographics: 109,000 Population (5-Mi.); $60K Median HH Income (5-Mi.).

Taxes: $3,629.50 in 2023.

Income: Leased for $3,075/mo. (Gross) until June 30th, 2024.

Asking Price: $294,060 ($145/SF).

Comments: Tenant (Dentist) in place. Please do not disturb. Showings by appointment only.

- Remodeled in 2023, this attractive office accomodates 30 offices, several conference rooms, 2 sets of mens and womans restrooms with an additional nongender restroom, a lobby area, a mailroom, and mutliple administrative work spaces. 28 parking spaces with an estimated .40 acres of additional land for more parking if needed. With excellent access on and off the highway, this property is located off of the IH-35 and Nugent ave in Temple TX. Conveniently located in the Central Area of Temple.

- Located at the southeast quadrant of Interstate 35 & Nugent. "Temple is strategically located along the Central Texas technology corridor. With San Antonio and Austin to the south and Dallas/Fort Worth to the north, Temple is easily accessible via road, rail and air. The city is located on Interstate 35, the main North-South interstate through Texas that extends from Mexico to Canada. Temple is a principal city in the Killeen-Temple-Fort Hood Metropolitan Statistical Area, which has an estimated population of 428,300. Direct access to I-35 positions Temple within 180 miles of 80% of Texas’ population. It has all the advantages of a strong supporting infrastructure without the problems associated with urban environments, higher costs, too-rapid growth, and difficult construction climate." (Credit: Temple EDC)

Located just north of the newly renovated downtown Temple. This Property is on the busy intersection of North 3rd and French Ave. The Temple EMS Station and City of Temple Municipal Court are directly South of this location. It originally housed six stores, and tenants included a pharmacy, a grocery store, a bakery, and a dry cleaner. The museum bought the building in 2001 and it was renovated in 2003. The 7,000-square-foot museum building was placed on the market for an asking price of $800,000. If the building sells, the museum will be relocated.

- Previous single family home on 1 acre of space next to Dynasty restaurant in Temple, TX. A fenced area provides ample room for storage of equipment or vehicles.

- Commercial space off of airport rd in Temple, TX right next to Dynasty.

Great DOWNTOWN location

Excellent VISIBILITY along Main Street

NEW Roof (December 2023)