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Spectrum Call Center 1300 Macco Dr

48,696 SF Office Building Pharr, TX 78577 £7,083,222 (£145/SF) 7.50% Net Initial Yield

Investment Highlights

  • Corporate NNN Lease: Charter Communications, Inc. (NASDAQ: CHTR)
  • Newly Renovated Call Center
  • Income Tax-Free State
  • Long-Term Lease with Options & Desirable Rent Increases
  • Educated and Bilingual Workforce

Executive Summary

Northmarq is pleased to exclusively offer qualified investors the opportunity to acquire a single-tenant call center located at 1300 Maco Drive in Pharr, Texas (the “Property”). The Property features a 48,696 square feet building situated on ±4.99 acres, and is leased to Spectrum Gulf Coast, LLC, a subsidiary of Charter Communications, Inc. (the “Tenant”). The Tenant just signed a 10.5-year NNN lease, which commenced in March 2024. This newly renovated call center supports roughly 500 new jobs at this location.
In Association With: Jim Gibson, TX Lic 392926

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
48,696 SF
Building Class
C
Year Built/Renovated
2008/2024
Price
£7,083,222
Price Per SF
£145
Net Initial Yield
7.50%
NOI
£531,242
Tenancy
Single
Number of Floors
1
Typical Floor Size
48,696 SF
Building FAR
0.22
Land Acres
4.99 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
F1 - Real, Commercial
Parking
332 Spaces (6.82 Spaces per 1,000 SF Leased)

Links

1 of 1

PROPERTY TAXES

Parcel Number M0153-00-000-0008-05 Improvements Assessment £2,496,976
Land Assessment £170,018 Total Assessment £2,666,994

PROPERTY TAXES

Parcel Number
M0153-00-000-0008-05
Land Assessment
£170,018
Improvements Assessment
£2,496,976
Total Assessment
£2,666,994
(918) 803-4815

  • Listing ID: 33488183

  • Date on Market: 11/10/2024

  • Last Updated:

  • Address: 1300 Macco Dr, Pharr, TX 78577

The Office Property at 1300 Macco Dr, Pharr, TX 78577 is currently available For Sale. Contact Northmarq for more information.

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Spectrum Call Center | 1300 Macco Dr
(918) 803-4815 x

Spectrum Call Center | 1300 Macco Dr

1/2

Collin Meadors

(918) 803-4815

(918) 803-4815

Brad Pepin

(918) 494-2690

(918) 494-2690

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