303 W Calhoun Ave Temple, TX 76501

Building Details

Year Built

1990

Listing office Jirasek Realty

Listing date Apr 23, 2021

Source Crexi

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Investment Insights

Based on property information with market context.

This freestanding office building, located in Downtown Temple's CBD, offers approximately 13,080 square feet of space. The property underwent complete interior and exterior renovations in September 2020. Situated at West Calhoun Avenue, North 7th Street, and North 5th Street, the building is near Temple Fire & Rescue Central Station, KCEN-TV Station, ExtraCo Bank, Santa Fe Plaza, Temple EDC, Temple ISD Administration, and Temple City Hall. The property is within the Central Texas/Killeen-Temple-Ft. Hood region. The building is currently under a 10-year lease to MRB Group, with 7 years remaining. The lease features modified gross terms, a fixed rate for the first 5 years, and annual escalations in years 6-10. The property is considered a stabilized investment with a Class B designation and single tenancy. Built in 1990 and remodeled in Q3 2020, the building sits on an approximately 1.2672-acre lot (240' x 230') and is zoned CA-Central Area.

Key Highlights

• 100% Occupancy with a Stabilized Investment: Leased to MRB Group with 7 years remaining on a 10‑year lease.
• Attractive 6% Cap Rate: Offers a strong return on investment.
• Recent Renovations: Complete interior and exterior renovations were finished in Q3 2020.

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FAQs

What type of property is this?

Office building - Single-tenant office building in Temple's CBD, fully renovated in 2020.

Where is this office building located?

The property is located at 303 W Calhoun Ave Temple, TX.

What is the asking price?

The asking price for this property is $2,275,100.

What are key features of this property?

This property features: 100% Occupancy with a Stabilized Investment: Leased to MRB Group with 7 years remaining on a 10‑year lease.; Attractive 6% Cap Rate: Offers a strong return on investment.; Recent Renovations: Complete interior and exterior renovations were finished in Q3 2020.