2921 N Valderas St - Office FOR SALE


Angleton, TX 77515
$2,573,088 USD
858-367-5450
2921 N Valderas St, Angleton, TX for Sale
$2,573,088 USD
Office - FOR SALE
1/5
null | 6.5% Cap Rate

2921 N Valderas St
Angleton, TX 77515


HIGHLIGHTS

  • U.S. FEDERAL GOVERNMENT CREDIT- Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
  • NEW 15-YEAR LEASE TERM- Lease renewal with SSA in 2022 for a new 15-year term, including a rare 13-year firm (non-cancellable) period
  • 2006 BUILD-TO-SUIT for SSA- Built-to-suit for SSA in 2006 with upgrades in 2022 to the tenant and building improvements
  • HOUSTON MSA - 5th LARGEST MSA IN UNITED STATES Angleton, Texas is located 43 miles southwest of Houston, the 5th largest MSA in the U.S.
  • SURROUNDED BY ESSENTIAL BUSINESSES & SERVICES- Situated with convenient access from the primary arterial of Highway 288 with nearby businesses
  • Base Rent Increase in Lease Year 9

OVERVIEW

The U.S. Social Security Administration (SSA) branch office located in the Houston MSA of Angleton, Texas is a single-tenant U.S. Federal Government facility that was built-to-suit for SSA in 2006, featuring a long-term renewal in 2022 for a new 15-year lease term. The building consists of 10,375 square feet, situated on an oversized parcel of 2.4+ acres of land. The new lease with SSA includes a rare 13-year firm (non-cancellable) period, and a base rent increase in Lease Year 9. As part of the lease renewal, upgrades were performed to the tenant and building improvements as specified by SSA. This facility adheres to strict federal construction and security standards, including secure perimeter fencing. The lease is guaranteed by the full faith and credit of the United States of America, featuring an Aaa rating from Moody’s Investor Services and unrivaled income security. Additionally, the GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 95%. Angleton, Texas is located 43 miles southwest of Houston, the 5th largest Metropolitan Statistical Area in the United States, with a population exceeding 7.2 million. Angleton SSA is situated with convenient access from the primary arterial of Highway 288, with nearby businesses and services that include Walmart Supercenter, Tractor Supply Co, Kroger, McDonald’s, Best Western, Chili’s Grill & Bar, Whataburger, Angleton Recreation Center, Angleton High School, and Angleton Junior High.

FOR SALE DETAILS

PRICE

$2,573,088 USD

PRICE/SF

$248 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

U.S. Social Security Admin Field Office

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

CH

APN/PARCEL ID

1313-3000-153

ASK ABOUT THIS PROPERTY

Travis TrautvetterGOVT Real Estate GroupMore Info
858-367-5450

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Travis TrautvetterGOVT Real Estate GroupMore Info
858-367-5450

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