Spectrum Call Center 1300 Macco Dr 48,696 SF Office Building Pharr, TX 78577 $8,465,000 ($173.83/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate NNN Lease: Charter Communications, Inc. (NASDAQ: CHTR)
- Newly Renovated Call Center
- Income Tax-Free State
- Long-Term Lease with Options & Desirable Rent Increases
- Educated and Bilingual Workforce
EXECUTIVE SUMMARY
Northmarq is pleased to exclusively offer qualified investors the opportunity to acquire a single-tenant call center located at 1300 Maco Drive in Pharr, Texas (the “Property”). The Property features a 48,696 square feet building situated on ±4.99 acres, and is leased to Spectrum Gulf Coast, LLC, a subsidiary of Charter Communications, Inc. (the “Tenant”). The Tenant just signed a 10.5-year NNN lease, which commenced in March 2024. This newly renovated call center supports roughly 500 new jobs at this location.
In Association With: Jim Gibson, TX Lic 392926
In Association With: Jim Gibson, TX Lic 392926
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
48,696 SF
Building Class
C
Year Built/Renovated
2008/2024
Price
$8,465,000
Price Per SF
$173.83
Cap Rate
8%
NOI
$677,250
Tenancy
Single
Building Height
1 Story
Typical Floor Size
48,696 SF
Building FAR
0.22
Lot Size
4.99 AC
Opportunity Zone
Yes
Zoning
F1 - Real, Commercial
Parking
332 Spaces (6.82 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Number | M0153-00-000-0008-05 | Improvements Assessment | $3,178,113 |
| Land Assessment | $216,746 | Total Assessment | $3,394,859 |
