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672 Ridge Hill Dr
New Braunfels, TX 78130

$1,950,000 USD

Office For Sale  •  4,236 SF

Property Details

  • Property Type Office
  • Total Building Size 4,236 SF
  • Lot Size 0.66 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 6.03 %
  • Tenancy Multiple
  • Zoning C1A
0 Transit Score
26 Walk Score

Highlights

High-class office building excellent for a 1031 exchange, real estate investor, or owner-occupied situation
Presently 100% occupied, $168,293 annual gross income, $117,547 Net annual income
Main tenant for 52% of building is in a 5 year, triple net lease with inflation protection
Location, location, location sitting in the middle of one of the fastest growing real estate markets in the country
Priced well below replacement cost for the area
The price has been lowered to its absolute lowest point; therefore, lower offers will not be considered
Cap Rate: 6.03 %

Amenities

  • Conferencing Facility
  • Fireplace
  • Security System
  • Signage
  • Kitchen
  • Accent Lighting
  • Reception
  • Central Heating
  • High Ceilings
  • Natural Light
  • Recessed Lighting
  • Hardwood Floors
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
San Antonio International 33 min - 26.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 19
Type: Surface
Included in Rent: Yes
Bob Barber 830-832-5740 Bob Barber
Bob Barber 830-832-5740 Bob Barber