Four Texas State Leased
1504 E Mulberry St, Angleton, TX 77515
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Portfolio of four Texas State leased buildings for sale.
Type:Office
Property size:
42,921 SFLot size:
7.60 AcresPrice / SF:
$218/SF- Added:
- Jan 29, 2026
- Days on Market:
- 103
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1504 E Mulberry St
General Information
- Standard status
- Active
- Size
- 42,921 SF
- Lot size
- 7.60 Acres
- Property subtype
- Office
Listing agent Brian Corriston License #TX 516241
Listing office Northmarq - Houston (832) 368-0374
Listing date Jan 29, 2026
Source Crexi
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 Northmarq - Houston
HighLights
- Leased to the State of Texas with AAA (S&P) and Aaa (Moody's) investment‑grade credit rating.
- Portfolio of four well‑maintained buildings built‑to‑suit between 2018‑2020.
- Leases feature annual CPI increases and remaining options.
- Strategic locations in growing suburbs of Houston and Dallas with limited competing locations.
- Properties benefit from strong demographics, including substantial population base and household income.
- Good visibility and proximity to retail/office/medical corridors and state highways.
Overview
Offered for sale is a portfolio of four buildings leased to the State of Texas. These buildings may be purchased individually or in smaller groups. The State of Texas holds an investment-grade credit rating of AAA by Standard & Poor's and Aaa by Moody's. Three of the properties, located in Angleton, Bellville and Hempstead, are Houston suburbs, while the fourth in Sherman, is a Dallas suburb. The Department of Family and Protective Services (DFPS) is a tenant in Angleton, Bellville and Sherman. Health and Human Services (HHSC) is also a tenant at Angleton and Bellville, as well as Hempstead. The third tenant in the portfolio is the Department of State Health Services (DSHS), located at the Bellville property. Constructed as build-to-suits for each tenant, the buildings were completed in 2018, 2019 and 2020. The leases have approximately 3 to 5 years of remaining term, with a weighted average term just under 4 years for the portfolio. Each lease has options remaining and they all feature annual CPI increases equivalent to 50% of the CPI, the highest percentage allowed by the State of Texas. The four properties total 42,921 square feet and occupy a combined 7.6 acres. All four properties have been professionally maintained. The locations are suburbs of Dallas and Houston. Each of the locations has good visibility within its market and is nearby either the retail or office/medical corridor. They are all located nearby or adjacent to busy state highways as well. Each of these locations has a strong population base and household income. Within a 30-minute drive, the population ranges from 72,000 people (Bellville) to over 244,000 people (Hempstead). The average HH income averages from $68,000 (Bellville) to $142,000 (Hempstead).
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Brazoria County Child ...
Social Service Agency
Location Insight
- Map
- Local Demand
- City
- Angleton
- County
- Brazoria
- State
- Texas
- Longitude
- -95.415099
- Latitude
- 29.173305
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FAQs
What type of property is this?
Office building - Portfolio of four Texas State leased buildings for sale.
Where is this office building located?
The property is located at 1504 E Mulberry St Angleton, TX.
What is the asking price?
The asking price for this property is $9,368,000.
What are key features of this property?
This property features: Leased to the State of Texas with AAA (S&P) and Aaa (Moody's) investment‑grade credit rating.; Portfolio of four well‑maintained buildings built‑to‑suit between 2018‑2020.; Leases feature annual CPI increases and remaining options.
