1330 Enclave
1330 Enclave Parkway, Houston, TX, 77077, US
Description
The Federal District Courthouse (the “Property”), located at 800 Franklin Avenue in Waco, TX, is a 103,500 rentable square foot property situated on 1.61 acres in the heart of downtown. Owned by the U.S. Postal Service, the property was constructed in 1935 as a post office and federal courthouse. Today, the property is fully occupied by the Federal Courts and related agencies, including the U.S. Attorney’s Office , the U.S. District Clerk’s Office, Pretrial Services, and the U.S. Marshals Service under the aegis of the U.S. General Services Administration (GSA). GSA occupies the property on a month-to-month basis and plans to remain in the building long-term. A buyer will have the rare opportunity to negotiate a new lease with GSA, which would likely occur during the buyer feasibility period. This is a unique opportunity for investors familiar with GSA-leased assets to acquire a fully occupied mission-critical facility in a growing metro area with flexibility to negotiate a mutually advantageous leaseback at below replication cost.
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Caractéristiques de l'actif
Surface de l'actif Net
7 430 m²
Occupation
100 %
Année de construction
1937
Taille du terrain Brut
9 615 m²
Média
Points clés d'investissement
Opportunity for immediate cash flow with long-term “sticky” tenant
Ideal downtown location in one of Texas’s burgeoning MSAs
Tremendous influx of investment in Waco over the last few years, including a $1.4B downtown redevelopment plan
Proximity to Baylor University, the oldest and one Texas’s best performing universities, with a current student enrollment of over 20,000 students
Waco’s affordability supports a stable workforce and continued population growth
Contacter l'équipe
800 Franklin (0 actifs)
