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3011 Saulsbury DrTemple, TX 76504
3011–3019 Saulsbury Drive
Asset ClassOffice
Occupancy100%
Rentable SF: 9,159# Tenants: 1Cap Rate: 9.77%Access Data Room
100% State Leased Opportunity
overview of deal

Overview

Transwestern is pleased to present the exclusive opportunity to buy 3011–3019 Saulsbury Drive (the "Property"), a 9,159-square-foot office building in Temple, Texas.

 

Constructed in 2014, the Property is fully leased to its sole tenant, the Texas Office of the Attorney General (OAG). The agency has occupied the Property since the facility's delivery and has maintained a long-term presence at the location, providing a stable, government-backed income stream supported by the credit of the State of Texas. The lease is structured as a full-service gross lease, with ownership responsible for operating expenses while rent increases by a fixed 3% annually, providing predictable cash flow and built-in income growth.

 

The current lease runs through Oct. 31, 2031, marking the end of the agency's initial 17-year term. As a result, investors have the opportunity to acquire a purpose-built government facility at a potential inflection point, with the ability to reset rents to market and secure a longer lease term while continuing to benefit from the stability of a State of Texas tenancy.

Investment Highlights

Located along the Interstate 35 corridor in Temple, Texas, the Property benefits from a strategic Central Texas location between Austin and Waco.

 

The market is supported by a diverse and stable employment base anchored by Baylor Scott & White Health, McLane Company and significant logistics and distribution activity.

 

Constructed in 2014, the Property consists of a 9,159-square-foot, single-story Class B office building situated on approximately 1.26 acres across two adjacent parcels, with ample surface parking to accommodate employees and visitors.

 

Purpose-built for government occupancy, the facility is well suited for long-term single-tenant use, while the full-service gross lease structure supports stable cash flow from a financially strong government tenant.

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3011 Saulsbury DrTemple, TX 76504

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