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600 East Peyton St Sherman, TX 75090

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For Sale
$1,503,000

Class A office building leased to the GSA.

Property size:
11,882 SF

Property Features for 600 East Peyton St

General Information

Size
11,882 SF

Building Details

Year built
2006

Source: Bruce Marshall 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

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Sherman
County
Grayson
State
Texas
Longitude
-96.6080678
Latitude
33.6583046

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.
More about this property
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