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Iowa Road Office Building 1720 Iowa Road 49,591 SF Office Building Edinburg, TX 78542 $5,164,904 CAD ($104.15 CAD/SF) 13.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Immediate Proximity to Expressway 281
- Large Versatile Property With Multiple Buildings, Acreage, and Industrial/Commercial Use
- Existing Tenant In Place (Maximus Inc.)
- Multiple Access Points
EXECUTIVE SUMMARY
This excellent and well maintained office / industrial building is located just off Highway 281 (I-69C) in Edinburg, Texas and has been the location for Maximus Inc. for 14 year. Built out as a Class A Office building, this property is an excellent opportunity for investors or end users to purchase an institutional grade office at much less than replacement value.
With a strong location just minutes from Expressway 281, proximity to multiple commercial, industrial, and institutional uses, and an excellent price point, this mixed use building is a great choice for the investor or end-user.
With a strong location just minutes from Expressway 281, proximity to multiple commercial, industrial, and institutional uses, and an excellent price point, this mixed use building is a great choice for the investor or end-user.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
49,591 SF
Building Class
B
Year Built/Renovated
1981/2011
Price
$5,164,904 CAD
Price Per SF
$104.15 CAD
Cap Rate
13.30%
NOI
$687,095 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
49,591 SF
Building FAR
0.46
Lot Size
2.50 AC
Zoning
General Industrial
Parking
34 Spaces (0.69 Spaces per 1,000 SF Leased)
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Iowa Road Office Building | 1720 Iowa Road
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