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672 Ridge Hill Dr

4,236 SF 100% Leased Office Building New Braunfels, TX 78130 £1,550,819 (£366/SF) 6.03% Net Initial Yield

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INVESTMENT HIGHLIGHTS

High-class office building excellent for a 1031 exchange, real estate investor, or owner-occupied situation
Main tenant for 52% of building is in a 5 year, triple net lease with inflation protection
Priced well below replacement cost for the area

Presently 100% occupied, $171,665 annual gross income, $117,547 Net annual income
Location, location, location sitting in the middle of one of the fastest growing real estate markets in the country
Price has been lowered to its absolute lowest point; therefore, lower offers will not be considered

EXECUTIVE SUMMARY

This high-class office building is excellent for a 1031 exchange, real estate investor, or owner-occupied situation. It is presently 100% occupied and generates $171,665 gross/$117,547 net annual income per year in one of the fastest-growing locations in the United States. There are four tenants(one being the owner) for diversification, all in triple net leases. The primary tenant(Suites A1.1, A1.2, A1.3, A1.4, A1.6, and A1.8 see diagram) has a 5-year triple net lease with built-in inflation protection. If a buyer is looking for an owner-occupied situation, the tenants in the other suites have one-year terms, and the owner would let his office go immediately if needed(A1.5 and A1.7), which includes exclusive use of the reception area. The price has been lowered to its lowest point; therefore, lower offers will not be considered. The owner has also decided the building will no longer be offered for sale after March 15, 2025.