Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

924 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

4242 Sunset Dr
San Angelo, TX 76904

Office (Blue Cross Blue Shield of TX) · Office Property For Sale

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Immediate access to the convergence of Highway 67, Loop 306, and Loop 545.
Walking distance to restaurant and retail spaces.

Easily accessible via commuter bus line.
Recently improved office space perfect for San Angelo professionals.

Executive Summary

BCBS has occupied the facility continuously since 1999 and signed an extension of their absolute NNN lease through February 28, 2030, including a 5-year renewal option. A quality facility occupied by a credit tenant is a rare find in San Angelo. This property generates a strong, predictable income stream from a single-credit tenant with no expense reconciliation and no capital outlay required by the landlord. Health Care Service Corporation is a Mutual Legal Reserve Company (HCSC) and an Independent Licensee of the Blue Cross and Blue Shield Association, the largest customer-owned health insurer in the United States and fourth-largest overall. The company, founded in 1936, serves more than 15M members across five states and employs more than 20,000 people in over sixty local offices. HCSC operates through Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma, and Texas.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Office

Building Size

78,000 SF

Building Class

Year Built

1995

Tenancy

Single

Number of Floors

Typical Floor Size

78,000 SF

Building FAR

0.14

Lot Size

12.65 AC

Zoning

Parking

295 Spaces (3.81 Spaces per 1,000 SF Leased)

Amenities

Courtyard

Fitness Centre

Security System

About 4242 Sunset Dr , San Angelo, TX 76904

This property is a customer service facility positioned on 12.5-acre site. The STNL property is fully occupied by Blue Cross Blue Shield of Texas (BCBS) for their regional service center operations. Improvements consist of a 77,500 SF building, 291 surface parking spaces, 238 covered parking area with secure card access, and an outdoor employee break area. BCBS has invested heavily in its space, performing an ongoing CapEx campaign that includes new carpet throughout, overhead lighting, retrofitted LED lights in the parking lot, replacement of half the RTU units on the roof, and window upgrades. The amenity-rich location is the primary commercial corridor comprising GSAs, medical centers, healthcare professionals, major retailers, restaurants, and businesses.

PROPERTY TAXES

Parcel Number	21-38350-0001-001-00	Improvements Assessment	£4,275,218
Land Assessment	£1,478,346	Total Assessment	£5,753,564

PROPERTY TAXES

Parcel Number

21-38350-0001-001-00

Land Assessment

£1,478,346

Improvements Assessment

£4,275,218

Total Assessment

£5,753,564

Listing ID: 21478619
Date on Market: 17/08/2018
Last Updated:
Address: 4242 Sunset Dr, San Angelo, TX 76904

1 of 10

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/10

This feature is unavailable at the moment.