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Classic Auction - Retail

100% Occupied State Government Funded Tenant - Mission, TX

901 Travis St, Mission, TX 78572

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • NA
  • Year Built
  • 2007
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Mar 01, 2020
  • Retail Type
  • Community Center
  • Anchor
  • No
  • Property Size
  • 15,232 Sq Ft

100% Occupied Workforce Solutions Units   15,232 SF | Mission, TX

Investment Highlights

  • Government tenant occupied 10+ years
  • Lease renewed November 2018 with escalations
  • Build-to-suit, with over $1M invested by Tenant to accommodate the space
  • $70K new impermeable thermal insulation and roof December 2019 (20 Year Guaranty)
  • Updated HVAC system

 

Offering Details

Evolve Premier Realty and RealINSIGHT Marketplace are excited to present an exceptional opportunity to acquire Units 6-9 of Cimarron Golden Plaza, located in Mission, Texas. The space was a build-to-suit for Workforce Solutions, which has occupied the units since 2008 with an additional $1M invested by the Tenant. Workforce Solutions renewed its lease in November 2018 and currently has nearly four (4) years of original term remaining, with additional escalating options totaling nine (9) years.

 

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Call for Information

Cooperating Broker Fee Available!

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Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 10344