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672 Ridge Hill Dr

4,236 SF 100% Leased Office Building New Braunfels, TX 78130 $2,165,000 ($511/SF) 5.30% Cap Rate

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Investment Highlights

High-class office building excellent for a 1031 exchange, real estate investor, or owner-occupied situation
Seller will cooperate in buying out the existing leases for Suite B and Suites A1.5, A1.7, A2, A3, and A4 if needed for owner occupy
Priced well below replacement cost for the area

Presently 100% occupied, $164,836 annual gross income, $114,836 Net annual income
Location, location, location sitting in the middle of one of the fastest growing real estate markets in the country

Executive Summary

This high-class office building is excellent for a 1031 exchange, real estate investor, or owner-occupied situation. It is presently 100% occupied and generates $164,836 gross and $114,836 net annual income per year in one of the fastest-growing locations in the United States. There are four different tenants for diversification, all triple net leases. The primary tenant(Suites A1.1-A1.8, see diagram, excluding A1.5 and A1.7) has a 5-year triple net lease with built-in inflation protection. If a buyer is looking for an owner-occupied situation with the other tenants in one-year leases, the seller will cooperate in buying out the existing leases for all Suites in Suite B and Suite A1.5, A1.7, A2, A3, and A4. This property is priced well below the replacement cost for the area.