1921 Corporate Dr San Marcos, TX 78666-6074

Property Details for 1921 Corporate Dr

Year built

2002

Lot size

0.64 lot acres

Property size

480 SF

Property type

Commercial real estate

APN

R105247

APU

R105247

Description

This exceptional investment opportunity presents a fee-simple, single-story, Class B office building totaling 9,100 square feet situated on a 28,000 square foot lot in the thriving San Marcos, Texas market. Located at 1921 Corporate Drive, this property boasts a prime location adjacent to the Hays County Government Center, ensuring high visibility and convenient access to essential services. The building, constructed in 2002, currently houses three tenants under a triple-net (NNN) lease agreement with a corporate guarantee, providing a stable and diversified income stream with 100% occupancy. The net rentable area is 7,666 square feet, commanding a price per square foot of $252.75. The asking price for this exceptional investment is $2,300,000. The property includes 34 parking spaces and features rent bumps, providing future income growth potential. This amenity-rich area offers numerous dining, retail, hotel, and banking services, enhancing the appeal to both tenants and investors. The property's APN is R105247. This is a rare opportunity to acquire a well-located, high-performing office building in a rapidly growing Texas market. The property offers a secure investment with a strong tenant base and significant upside potential.