600 East Peyton St Sherman, TX 75090
Property Features for 600 East Peyton St
General Information
- Size
- 11,882 SF
Building Details
- Year built
- 2006
Source:
Svn
Listing Agent: Bruce Marshall
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Sherman Social Security Office Building
The GSA Social Security Office in Sherman is a Class A office building constructed in 2006 as a build-to-suit for the SSA. The interiors feature heavy tile flooring with wood accent trim. A large, open floor-plan area provides an attractive workspace with GSA workstations. The property is well-landscaped with trees, shrubs, and grass. Site improvements include concrete sidewalks, a flagpole, and an irrigation system. An energy management system controls the HVAC and lighting systems. The property is situated on 1.87 acres of land. The Sherman Social Security Office is located approximately 60 miles north of Dallas, in Sherman, the county seat of Grayson County. Sherman is home to Austin College and several Fortune 100 Companies. Major employers in the community include Tyson's Foods, Texas Instruments, the technology company MEMC, and Kaiser Aluminum. The property has a 15-year single tenant lease with a minimum of 10 years remaining and generates $1,503,000 annually with a 7.75% cap rate and annual CPI increase escalator.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Social Security Administration
Social Security Office
Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.6080678
- Latitude
- 33.6583046
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FAQs
What type of property is this?
Office building - Class A office building leased to the GSA.
Where is this office building located?
The property is located at 600 East Peyton St Sherman, TX.
What is the asking price?
The asking price for this property is $1,503,000.
What are key features of this property?
This property features: - 15 Year Single Tenant Lease with minimum of 10 Years remaining provides stable, long-term income.; - **7.75% Cap Rate** with annual CPI Increase Escalator offers a strong return on investment with potential for growth.; - Class A office building constructed in 2006 ensures modern construction and appeal.