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1411 W Main St - College of Mainland 27,570 SF Specialty Building Offered at $8,218,260 CAD at a 4.76% Cap Rate in League City, TX 77573
Investment Highlights
- 100% Occupied by very strong Tenant until 2031 with two (2) five-year options
- 3.15 Acres on FM 518
- 0.2 miles from I-45
- College of the Mainland-League City
- Hard Corner with lighted intersection
- GREAT 1031 exchange candidate
Executive Summary
College of the Mainland's League City Campus is available for sale with approximately 7 years remaining on their lease and two (2) five-year options. 27,570 SF of space on 3.15 acres with frontage to FM 518 and 0.2 miles from I-45. Perfect 1031 exchange candidate.
About the Tenant:
Since 1966, College of the Mainland has served students throughout all of Galveston County with more than 4,600 students across its main campus in Texas City and four satellite learning centers. In 2018, a $162.5 million bond was approved for existing facility improvements and the construction of new buildings. College of the Mainland is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate degrees and certificates.
About the Tenant:
Since 1966, College of the Mainland has served students throughout all of Galveston County with more than 4,600 students across its main campus in Texas City and four satellite learning centers. In 2018, a $162.5 million bond was approved for existing facility improvements and the construction of new buildings. College of the Mainland is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate degrees and certificates.
Property Facts
| Price | $8,218,260 CAD | Building Class | B |
| Price Per SF | $298.09 CAD | Lot Size | 3.15 AC |
| Sale Type | Investment | Building Size | 27,570 SF |
| Cap Rate | 4.76% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1974 |
| Property Subtype | Schools | ||
| Zoning | F1 - Commercial | ||
| Price | $8,218,260 CAD |
| Price Per SF | $298.09 CAD |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 3.15 AC |
| Building Size | 27,570 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | F1 - Commercial |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4257-0001-0002-000 | Improvements Assessment | $3,501,219 CAD |
| Land Assessment | $2,070,672 CAD | Total Assessment | $5,571,891 CAD |
Property Taxes
Parcel Number
4257-0001-0002-000
Land Assessment
$2,070,672 CAD
Improvements Assessment
$3,501,219 CAD
Total Assessment
$5,571,891 CAD
Contacts
-
Linh-Bach Nguyen -
J.J. Taughinbaugh -
Yuri Sergunin, CCIM -
Timothy Speck -
Marcus & Millichap
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1411 W Main St - College of Mainland
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