Posted in General, Office on February 13, 2018

HAVE: 28,000 SF State Leased Office – Lufkin TX

  • The area is primarily newer commercial development
  • Annual rent increases.
  • New 5 year lease renewal
  • Low maintenance, concreted parking lot
  • Between Dallas, Houston, Shreveport 
  • https://buildout.com/website/47359-sale

    This was a build to suit and lease in 2002. New 5 year lease renewal through 2022.

    All tenants are stable with a strong history and all of the leases are guaranteed by the State of Texas, with an AAA credit rating.

    Annual rent increases are available based on the Consumer Price Index changes, with no early termination clauses.

    Texas Health and Human Services Commission (HHSC), oversees several state departments such as:

    Texas Department of Aging and Disability Services, Texas Dept. of State Health Services and Texas Dept. of Family and Protective Services, along with itself.

    HHSC provides many benefits and services throughout Texas including: Medicaid, Children’s Health Insurance Program, Texas Women’s Health Program, temporary assistance for needy families, SNAP food benefits and nutritional programs, family violence services, refugee services, and disaster assistance.

    This is an excellent opportunity for potential investors looking for great cash flow, and the ability to create value through increasing rental rates. This type of asset is appealing to banks and financial institutions, and debt quotes are available.

     

    Lufkin1

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