404 Harvey Mitchell Parkway S, College Station, TX, 77845 - Available for Sale

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Valley Park Center Phase II

404 Harvey Mitchell Parkway S, College Station, TX 77845

$6,200,000

25,000 SF | Office

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Office Property For Sale

Price:
$6,200,000
Building Size:
25,000 SF
Price/SF:
$248
Property Type:
Office
Property Sub-type:
Institutional/ Governmental
Property Use Type:
Net Lease Investment with
3 years left on lease
Cap Rate:
7%
Occupancy:
100%
Building Class:
B
Tenancy:
Single
Lot Size:
4.74 SF
Listing ID
17090194
Last Updated
6 days ago

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Description

Valley Park Center is a multi-building development in College Station, Texas. The first phase consists of 56,000 sf of single story office/flex space (tilt wall construction). The second phase consists of an additional 25,000 sf single story office space and is 100% occupied by Texas A&M University. The lease is guaranteed by the Texas A&M System.

The Bryan/College Station market has a negligible supply competing large floor plate product at the targeted value price point and area office buildings enjoy low vacancy rates. The primary demand generator for office space in the market is the Texas A&M System, which includes Texas A&M University, the Texas A&M Health Science Center and many other related research and quasi system entities. The market depth is not limited to the A&M System however, as the Bryan/College Station MSA is a thriving community which has maintained positive growth for many years. Know as the Research Valley due to the number of high tech private and quasi private enterprises located therein, the MSA consists of three counties, Brazos, Burleson and Robertson. With a population of close to 200,000, over 37% Bryan/College Station adults have a bachelor' s degree or higher and Texas A&M University has an enrollment of 45,000+ students in College Station.

Financial Summary

  • Actual
  • $421,600

Map of 404 Harvey Mitchell Parkway S, College Station, TX 77845 (Brazos County)

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Presented by Southcorp Realty Advisors, Inc.
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Asking Price Index Trends for College Station, TX Office For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$115+1.2%+4.8%
-
County
$107+8.3%+14.8%

View College Station Market Trends for other property types for sale or lease. Learn more about the chart info.

Valley Park Center Phase II
  • Office
  • $6,200,000
  • 25,000 SF