4242 Sunset Dr 78,000 SF Office Building San Angelo, TX 76904 For Sale

This property is a customer service facility positioned on 12.5-acre site. The STNL property is fully occupied by Blue Cross Blue Shield of Texas (BCBS) for their regional service center operations. Improvements consist of a 77,500 SF building, 291 surface parking spaces, 238 covered parking area with secure card access, and an outdoor employee break area. BCBS has invested heavily in its space, performing an ongoing CapEx campaign that includes new carpet throughout, overhead lighting, retrofitted LED lights in the parking lot, replacement of half the RTU units on the roof, and window upgrades. The amenity-rich location is the primary commercial corridor comprising GSAs, medical centers, healthcare professionals, major retailers, restaurants, and businesses.
BCBS has occupied the facility continuously since 1999 and signed an extension of their absolute NNN lease through February 28, 2030, including a 5-year renewal option. A quality facility occupied by a credit tenant is a rare find in San Angelo. This property generates a strong, predictable income stream from a single-credit tenant with no expense reconciliation and no capital outlay required by the landlord. Health Care Service Corporation is a Mutual Legal Reserve Company (HCSC) and an Independent Licensee of the Blue Cross and Blue Shield Association, the largest customer-owned health insurer in the United States and fourth-largest overall. The company, founded in 1936, serves more than 15M members across five states and employs more than 20,000 people in over sixty local offices. HCSC operates through Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma, and Texas.