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672 Ridge Hill Dr

4,236 SF 100% Leased Office Building New Braunfels, TX 78130 $1,950,000 ($460/SF) 6.03% Cap Rate

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Investment Highlights

High-class office building excellent for a 1031 exchange, real estate investor, or owner-occupied situation
Main tenant for 52% of building is in a 5 year, triple net lease with inflation protection
Priced well below replacement cost for the area

Presently 100% occupied, $168,293 annual gross income, $117,547 Net annual income
Location, location, location sitting in the middle of one of the fastest growing real estate markets in the country
The price has been lowered to its absolute lowest point; therefore, lower offers will not be considered

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 $168,293 gross and $117,547 net annual income per year in one of the fastest-growing locations in the United States. There are three different tenants for diversification, all triple net leases. The primary tenant(Suites A1.1-A1.8, see diagram) has a 5-year triple net lease with built-in inflation protection. If a buyer is looking for an owner-occupied situation, the tenants in the other suites have one-year terms. The price has been lowered to its absolute lowest point; therefore, lower offers will not be considered. The building will no longer be offered for sale after March 15, 2025.