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Faits saillants de l'investissement
- STATE OF TEXAS CREDIT TENANCY | LONG-TERM TENANCY WITH PROVEN COMMITMENT
- DEMONSTRATED TENANT INVESTMENT & EXPANSION (HORIZON CITY)
- STRONG LOCATIONS WITH EXCELLENT VISIBILITY
- ATTRACTIVE RENT GROWTH
- RECENTLY UPGRADED PORTFOLIO | BUILD-TO-SUIT GOVERNMENT FACILITIES
- HIGH-QUALITY TEXAS MSA'S | STRONG DEMOGRAPHIC PROFILES
Résumé de l'annonce
Northmarq is pleased to offer qualified investors the opportunity to acquire the fee simple interest in a portfolio of two single-tenant properties leased to the State of Texas. The two assets must be purchased together as a portfolio.
The properties are located in Horizon City (El Paso MSA) and Lubbock, Texas (collectively, the “Properties”). The Horizon City property is occupied by the Texas Department of Criminal Justice (“TDCJ”), while the Lubbock property is occupied by the Department of Family & Protective Services (“DFPS”). The State of Texas carries investment-grade credit ratings of AAA from Standard & Poor’s and Aaa from Moody’s.
Both TDCJ and DFPS are long-term occupants, having operated at their respective locations for more than 17 years and 16 years. The current extension for the Lubbock lease features attractive annual rent increases of 5%, while the Horizon City lease provides for annual increases of $0.50 PSF. Each tenant is currently in its second renewal option, with three additional 5-year options remaining.
The properties are located in Horizon City (El Paso MSA) and Lubbock, Texas (collectively, the “Properties”). The Horizon City property is occupied by the Texas Department of Criminal Justice (“TDCJ”), while the Lubbock property is occupied by the Department of Family & Protective Services (“DFPS”). The State of Texas carries investment-grade credit ratings of AAA from Standard & Poor’s and Aaa from Moody’s.
Both TDCJ and DFPS are long-term occupants, having operated at their respective locations for more than 17 years and 16 years. The current extension for the Lubbock lease features attractive annual rent increases of 5%, while the Horizon City lease provides for annual increases of $0.50 PSF. Each tenant is currently in its second renewal option, with three additional 5-year options remaining.
Faits sur la propriété
| Prix | 6 250 175 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 1 379 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 8% | Taille totale du bâtiment | 4 532 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,84 AC |
| Statut | Actif |
| Prix | 6 250 175 $ CAD |
| Prix/pi² | 1 379 $ CAD / pi² |
| Taux de capitalisation | 8% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 4 532 pi² |
| Superficie totale du terrain | 0,84 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 15581 Horizon Blvd, Horizon City, TX 79928 | Bureau | 4 532 pi² | 2008 | - |
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Présenté par
State of TX - 2 Property Portfolio
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