This property is Off-Market

404 Harvey Mitchell Parkway S
College Station, TX 77845 ·

25,000 SF · Office For Sale

N/A

Print

Valley Park Center Phase II

Price N/A Cap Rate 7%
Building Size 25,000 SF Building Class B
Property Type Office Tenancy Single
Property Sub-type Institutional/Governmental Lot Size 4.74 SF
Property Use Type Net Lease Investment with 3 years left on lease
Listing ID: 17090194 Date Created: 03/29/2011 Last Updated: 01/11/2016

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.

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

College Station Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

  • 3600 S Hwy 6
    3600 S Hwy 6

    College Station, TX 77845

    For Sale · $2,250,000

    24,500 SF Building

    Office Building

  • 4500 Gloria Allen Drive
    4500 Gloria Allen Drive

    College Station, TX 77842

    For Sale · $1,500,000

    22,400 SF Building

    Office-Warehouse

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)