State-Leased Office
For Sale
Contact for pricing
1210 S Chestnut, Lufkin, TX 75901
Office building originally built to suit in 2002 with state-guaranteed, stable tenant leases through 9/30/2022.
Property SizeContact for details
Days on Market122
Property Features for 1210 S Chestnut
General Information
Standard status
Active
Property subtype
Office, Mixed Use, Retail
Building Details
Year Built
2002
Listing Agency:
SVN | Hallmark & Associates
Listed By:
Wes Hallmark, CCIM, SIOR · License #TX 9002042
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 4:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Hallmark & Associates
Investment Insights
Based on property information with market context.
This office building was built to suit and leased in 2002. A new 5-year lease renewal extends through 9/30/2022, and the lease includes renewal provisions that may be exercised up to five times for periods of up to 60 months each, for a total of 300 months. Earlier terms ran through 2012, followed by one additional 10-year renewal period. All tenants are described as stable, and leases are guaranteed by the State of Texas, with an AAA credit rating. The leases also provide for annual rent increases based on Consumer Price Index changes and include no early termination clauses.
The tenant is the Texas Health and Human Services Commission (HHSC), which oversees multiple state departments including the Texas Department of Aging and Disability Services, the Texas Department of State Health Services, and the Texas Department of Family and Protective Services. The property is located at 1210 S Chestnut in Lufkin, Texas.
The offering is presented as a state-leased office asset with guaranteed leases and CPI-based annual increases.
The tenant is the Texas Health and Human Services Commission (HHSC), which oversees multiple state departments including the Texas Department of Aging and Disability Services, the Texas Department of State Health Services, and the Texas Department of Family and Protective Services. The property is located at 1210 S Chestnut in Lufkin, Texas.
The offering is presented as a state-leased office asset with guaranteed leases and CPI-based annual increases.
Key Highlights
- Office building built to suit in 2002.
- State of Texas–guaranteed tenant leases with AAA credit rating.
- 5‑year lease renewal in place through 9/30/2022 with renewal options up to 5 times for up to 60 months each (total up to 300 months).
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 75901, TX
28,373
Population
11,290
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
178
Density / Sq Mi
$59,083
Median Household Income
$35,479
Median Earnings
$1,085
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office building originally built to suit in 2002 with state-guaranteed, stable tenant leases through 9/30/2022.
Where is this office building located?
The property is located at 1210 S Chestnut Lufkin, TX.
What are key features of this property?
This property features: Office building built to suit in 2002.; State of Texas–guaranteed tenant leases with AAA credit rating.; 5‑year lease renewal in place through 9/30/2022 with renewal options up to 5 times for up to 60 months each (total up to 300 months).
