1411 W Main St - Schools FOR SALE


League City, TX 77573
$6,000,000 USD
650-391-1700
1411 W Main St, League City, TX for Sale
$6,000,000 USD
Schools - FOR SALE
1/28
null | 4.76% Cap Rate

1411 W Main St
League City, TX 77573


HIGHLIGHTS

  • 100% Occupied by very strong Tenant until 2031 with two (2) five-year options
  • College of the Mainland- League City
  • 3.15 Acres on FM 518
  • Hard Corner with lighted intersection
  • 0.2 miles from I-45
  • GREAT 1031 exchange candidate

OVERVIEW

College of the Mainland's League City Campus is available for sale with approximately 7 years remaining on their lease and two (2) five-year options. 27,570 SF of space on 3.15 acres with frontage to FM 518 and 0.2 miles from I-45. Perfect 1031 exchange candidate. About the Tenant: Since 1966, College of the Mainland has served students throughout all of Galveston County with more than 4,600 students across its main campus in Texas City and four satellite learning centers. In 2018, a $162.5 million bond was approved for existing facility improvements and the construction of new buildings. College of the Mainland is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award associate degrees and certificates.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

4.76%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College of Mainland

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.15 AC

LAND SF

137,279 SF

ZONING

F1

APN/PARCEL ID

4257-0001-0002-000

ASK ABOUT THIS PROPERTY

Linh-Bach NguyenMarcus & MillichapMore Info
650-391-1700

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Linh-Bach NguyenMarcus & MillichapMore Info
650-391-1700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.