Cap Rate: 7.05%
Size: 30,411 SF
Lot Size: 2.48 Acres
Marcus & Millichap is pleased to offer the Momentum Bank Building (“Property”) for your consideration. The Property is a three story office building prominently located on State Highway 6 South, a major northwest/southeast highway in College Station, Texas. The Property is adjacent to two recently constructed hotels, a newly constructed single-story shopping center, and a free standing Marco’s Pizza restaurant. The Property also has a drive-through to accommodate four lanes of customers.
The Momentum Bank Building consists of 30,411 square feet of net rentable area on a 2.48-acre parcel that is surrounded by residential, medical, office, retail and hotel development. Area demographics are impressive with average household income in a 1, 3, and 5-mile radius exceeding $95,500, $73,000, and $65,000 respectfully. The Property’s tenants are an appealing mix of financial services, professional, government, and medical businesses.
Baylor Scott & White Medical Center, a five-story, 143-bed hospital and four-story medical office building, located on a 98-acre campus is directly across the highway from the Momentum Bank Building. A Kroger anchored retail center is just to the north, and a new HEB anchored community center, along with Lowe’s is located just to the south.
Offered for $7,500,000, the Momentum Bank Building provides an investor the opportunity to realize a 7.05% CAP rate from a B+ Class office building located in the stable economy of College Station, Texas, which is anchored securely by Texas A&M University.
- 3-Story Professional Multi-Tenant Office Building | NNN Lease Structures | B+ Class
- State Highway 6 South Frontage with Highway Visibility in College Station, Texas
- 2006 Construction | 30,411 Square Feet of Net Leasable Area
- Excellent Demographics | AHI Exceeds $95,500 in 1-Mile
- Corner Location on a Large 2.48 Acre Parcel
- $7,500,000 | 7.05% CAP