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One Grand Center 1800 Teague Dr 68,409 SF 73% Leased Office Building Sherman, TX 75090 For Sale
Investment Highlights
- Predictable Cash Flow: 73% leased with strong 3–5 year remaining lease terms providing a secure, immediate income stream.
- Low Near-Term Rollover Risk: Staggered lease expirations protect the asset's net operating income (NOI) during the hold period.
- Immediate Value-Add Potential: The remaining 27% vacancy offers immediate lease-up upside for an investor or a premium corporate headquarters for an
- Full Offering Package Ready: Comprehensive financial underwriting, rent roll, and pricing guidance are available immediately upon request.
Executive Summary
Exceptional opportunity to acquire a premier, cash-flowing Class B office asset in the high-growth Sherman market. The property is 73% leased to a resilient and diverse tenant profile, ranging from established regional service providers to growing local corporations. Boasting a highly stable 3-to-5-year weighted average lease term (WALT), this asset secures predictable, immediate downside protection from day one while a buyer activates the remaining 27% value-add vacancy upside.Mechanically optimized for modern tenant demand, the facility offers versatile suite configurations ranging from executive spaces to full-floor layouts. Capital improvements and amenities include an on-site conference center, 220 dedicated parking spaces, and 24/7 secure access. Strategically positioned on Texoma Parkway, the property provides rapid regional access to local dining and retail corridors, with direct connectivity to US-75 linking investors directly to the booming Dallas-Fort Worth metroplex.
Full financial underwriting, rent roll data, and structured pricing guidance are available immediately upon NDA submission.
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Security System
- Wheelchair Accessible
- Air Conditioning
- Balcony
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Monthly Rent $1,365. First Floor window office with a reception area, two private offices, and a closet. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
Monthly Rent $475. Window office with city view on the first floor. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs, and building insurance are paid by the Landlord at no cost to the tenant.
- 1st Fl-Ste 115
- 3,805 SF
- Office
- Full Build-Out
- Now
Monthly Rent $760. Window office with city view with reception area or additional office. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
Space can be divided
Monthly Rent $810. Window office with city view with reception area or additional office. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
Monthly Rent $1,180. Window office with city view with 3 offices and reception area. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
Monthly Rent $1,140. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant. Two Private Offices.
Monthly Rent $1,605. Window office with city view. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant. Contains two offices, a reception area, and a closet.
Suite 403 offers flexible configuration options to accommodate a variety of office needs. One option allows the hallway to be closed off, creating approximately 2,400 square feet of mostly open workspace currently outfitted with cubicles. Alternatively, constructing a wall at the column provides a south-side suite of approximately 2,100 square feet featuring an open work area, two private offices, and a large breakroom, while the remaining north-side space would total roughly 1,600 square feet of mostly open office area. Cubicles can be retained on both sides of the split or reconfigured as needed, allowing for a highly adaptable layout tailored to a tenant’s operational requirements.
- 4th Fl-Ste 405
- 7,100 SF
- Office
- Full Build-Out
- Now
Suite 406 can be divided to approx. 2,166sf of space
• Combination of 400, 415, and 417 • 2,522sf all together (suite 400 is 916sf, suite 415 is 532sf, suite 417 is 1,074 sf). • Available June 1 • Suite 400 is directly in front of elevator on 4th floor • 5 private offices, one large reception area, one open workspace, one closet, and a conference room.
Monthly Rent $930. Window office with city view with closet or small additional office. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
Monthly Rent $1,880. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs, and building insurance are paid by the Landlord at no cost to the tenant. Two joined offices, a large reception area, and a conference room.
Monthly Rent $1,780. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs, and building insurance are paid by the Landlord at no cost to the tenant. An entry/reception area, an open workspace, a private office, and a closet.
Contains a reception area, 3 window offices, an interior office, an open break area with sink, and an additional open workspace or space for filing cabinet style storage. The countertop illustrated in the attached floorplan contains the sink.
Monthly Rent $1,940. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs, and building insurance are paid by the Landlord at no cost to the tenant. Three private offices, one open office that could have a door added to be a private office, a large reception area, and a breakroom with a sink.
• Combination of 502 and 508 • 1,514sf • 5 private offices, 1 open office, reception, breakroom with sink.
Monthly Rent $1,930. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant. Three Private Offices, plus a storage room or another private office, separate reception area, and built in reception desk with window.
COMBINATION OF SUITES 516 & 520
Monthly Rent $960. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant. A smaller front office/reception area, large back window office, and storage closet with a sink.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 110 | 744 SF | Office/Medical | Full Build-Out | Nov 2026 |
| 1st Fl-Ste 111-1 | 258 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 115 | 3,805 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 433 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 202-206 & 208 | 1,850-3,196 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 205 | 456 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 223 | 674 SF | Office | Full Build-Out | Aug 2026 |
| 2nd Fl-Ste 224 | 651 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 400 | 916 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 403 | 3,708 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 405 | 7,100 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 406 | 2,900 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 414 (400-415 & 417) | 532-2,522 SF | Office/Retail | - | Now |
| 4th Fl-Ste 415 | 532 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 417 | 1,074 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 421 | 1,125 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 424 | 1,549 SF | Office/Medical | - | Now |
| 5th Fl-Ste 502 | 1,104 SF | Office/Medical | Full Build-Out | Now |
| 5th Fl-Ste 504 (502 & 508) | 410-1,514 SF | Office/Retail | - | Now |
| 5th Fl-Ste 516 | 1,101 SF | Office/Medical | Full Build-Out | Now |
| 5th Fl-Ste 518 | 1,648 SF | Office | Full Build-Out | 30 Days |
| 5th Fl-Ste 520 | 547 SF | Office | Full Build-Out | Now |
1st Fl-Ste 110
| Size |
| 744 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Nov 2026 |
1st Fl-Ste 111-1
| Size |
| 258 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 115
| Size |
| 3,805 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 433 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202-206 & 208
| Size |
| 1,850-3,196 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 205
| Size |
| 456 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 223
| Size |
| 674 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Aug 2026 |
2nd Fl-Ste 224
| Size |
| 651 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 916 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 403
| Size |
| 3,708 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 405
| Size |
| 7,100 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 406
| Size |
| 2,900 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 414 (400-415 & 417)
| Size |
| 532-2,522 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
4th Fl-Ste 415
| Size |
| 532 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 417
| Size |
| 1,074 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 421
| Size |
| 1,125 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 424
| Size |
| 1,549 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
5th Fl-Ste 502
| Size |
| 1,104 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 504 (502 & 508)
| Size |
| 410-1,514 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
5th Fl-Ste 516
| Size |
| 1,101 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 518
| Size |
| 1,648 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
5th Fl-Ste 520
| Size |
| 547 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 110
| Size | 744 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Nov 2026 |
Monthly Rent $1,365. First Floor window office with a reception area, two private offices, and a closet. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
1st Fl-Ste 111-1
| Size | 258 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Monthly Rent $475. Window office with city view on the first floor. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs, and building insurance are paid by the Landlord at no cost to the tenant.
2nd Fl-Ste 201
| Size | 433 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $760. Window office with city view with reception area or additional office. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
2nd Fl-Ste 202-206 & 208
| Size | 1,850-3,196 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Space can be divided
2nd Fl-Ste 205
| Size | 456 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $810. Window office with city view with reception area or additional office. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
2nd Fl-Ste 223
| Size | 674 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Aug 2026 |
Monthly Rent $1,180. Window office with city view with 3 offices and reception area. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
2nd Fl-Ste 224
| Size | 651 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $1,140. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant. Two Private Offices.
4th Fl-Ste 400
| Size | 916 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $1,605. Window office with city view. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant. Contains two offices, a reception area, and a closet.
4th Fl-Ste 403
| Size | 3,708 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 403 offers flexible configuration options to accommodate a variety of office needs. One option allows the hallway to be closed off, creating approximately 2,400 square feet of mostly open workspace currently outfitted with cubicles. Alternatively, constructing a wall at the column provides a south-side suite of approximately 2,100 square feet featuring an open work area, two private offices, and a large breakroom, while the remaining north-side space would total roughly 1,600 square feet of mostly open office area. Cubicles can be retained on both sides of the split or reconfigured as needed, allowing for a highly adaptable layout tailored to a tenant’s operational requirements.
4th Fl-Ste 406
| Size | 2,900 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Suite 406 can be divided to approx. 2,166sf of space
4th Fl-Ste 414 (400-415 & 417)
| Size | 532-2,522 SF |
| Space Use | Office/Retail |
| Build-Out | - |
| Available | Now |
• Combination of 400, 415, and 417 • 2,522sf all together (suite 400 is 916sf, suite 415 is 532sf, suite 417 is 1,074 sf). • Available June 1 • Suite 400 is directly in front of elevator on 4th floor • 5 private offices, one large reception area, one open workspace, one closet, and a conference room.
4th Fl-Ste 415
| Size | 532 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $930. Window office with city view with closet or small additional office. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant.
4th Fl-Ste 417
| Size | 1,074 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $1,880. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs, and building insurance are paid by the Landlord at no cost to the tenant. Two joined offices, a large reception area, and a conference room.
4th Fl-Ste 421
| Size | 1,125 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $1,780. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs, and building insurance are paid by the Landlord at no cost to the tenant. An entry/reception area, an open workspace, a private office, and a closet.
4th Fl-Ste 424
| Size | 1,549 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
Contains a reception area, 3 window offices, an interior office, an open break area with sink, and an additional open workspace or space for filing cabinet style storage. The countertop illustrated in the attached floorplan contains the sink.
5th Fl-Ste 502
| Size | 1,104 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $1,940. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs, and building insurance are paid by the Landlord at no cost to the tenant. Three private offices, one open office that could have a door added to be a private office, a large reception area, and a breakroom with a sink.
5th Fl-Ste 504 (502 & 508)
| Size | 410-1,514 SF |
| Space Use | Office/Retail |
| Build-Out | - |
| Available | Now |
• Combination of 502 and 508 • 1,514sf • 5 private offices, 1 open office, reception, breakroom with sink.
5th Fl-Ste 516
| Size | 1,101 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $1,930. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant. Three Private Offices, plus a storage room or another private office, separate reception area, and built in reception desk with window.
5th Fl-Ste 518
| Size | 1,648 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
COMBINATION OF SUITES 516 & 520
5th Fl-Ste 520
| Size | 547 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $960. This is a Full Service/Gross lease. Utilities, property taxes, maintenance costs and building insurance are paid by the Landlord at no cost to the tenant. A smaller front office/reception area, large back window office, and storage closet with a sink.
Property Taxes
| Parcel Number | 157353 | Improvements Assessment | $3,800,370 |
| Land Assessment | $154,730 | Total Assessment | $3,955,100 |
Property Taxes
Presented by
One Grand Center | 1800 Teague Dr
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