Single Tenant Office Investment

303 West Calhoun, Downtown Temple, Bell County, TX 76501

Overview: MRB Group Building - Available For Sale

Property Type/Sub-Type: Office / Professional Office

Description:  ±13,080 Square Feet.  Single-Tenant Freestanding Office Building in Downtown Temple's CBD.  Complete interior & exterior renovations completed in September 2020. 

Location:  Located at West Calhoun Ave, North 7th Street & North 5th Street in Downtown Temple CBD.  Near Temple Fire & Rescue Central Station, KCEN-TV Station, ExtraCo Bank, Santa Fe Plaza, Temple EDC, Temple ISD Admin., Temple City Hall & more. 

Region/MSA:  Central Texas/Killeen-Temple-Ft. Hood.

Lease Summary:  7 Years Left on a 10-Year Lease to MRB Group.  Rate Fixed for 5-years, Annual Escalations in years 6-10.  Modified Gross Terms. 

Investment Type: Stabilized.

Class: B

Tenancy: Single

Square Footage: ±13,080

Occupancy: 100%

NOI: $136,506

Price/SF: $183.49

Cap Rate: 6%

Year Built: 1990

Year Remodeled:  Q3 2020

Lot Size: ±1.2672 Acres (240' x 230').

Zoning: CA-Central Area.

Price: $2,275,100 (173.94/SF).

Exterior of a commercial building with 'MRB Group' sign, grassy lawn, and trees.
Modern office building with MRB Group sign, large windows, and landscaped surroundings on a clear day.
Office reception area with wooden desk, blue wall, MRB group sign, modern lighting, and seating.
Modern office reception area with blue walls, desk, chair, decorative vase, pendant lights, clock, and glass doors.
Modern office reception area with decorative vases, blue wall, wooden desk, and glass doors.
Waiting room with chairs, clock, and window view
LOUNGE.jpg
Modern office interior with cubicles, gray partitions, red support beams, and a lounge area with a white sofa.
Modern office space with cubicles, overhead lighting, framed pictures on the walls, and office equipment.
Modern office hallway with cubicles, framed artwork, and an HP printer on the right.
Modern conference room with a colorful patterned carpet, a large wooden table with black office chairs, a flat-screen TV on the wall, a clock, and a sideboard with a coffee station.
Modern conference room with a wooden table, black chairs, colorful carpet, and large windows overlooking a building with an arched entrance.
Corridor with framed art on beige walls
Office hallway with framed artwork and a closed wooden door, featuring a speaker on a tripod visible through an open doorway.
Modern office interior with a high table and chairs, decorative mirror, wall-mounted compass, and bookshelves. Neutral colors and patterned carpet on the floor.
Modern office space with a glass-enclosed conference room, office chairs, a conference table, and a popcorn machine. The floor features geometric patterns in red and blue.
Conference room with a U-shaped table setup, several chairs, a large wall-mounted TV, whiteboard, and a connected room with tables and kitchenette in the background.
Office kitchen and dining area with cabinets, appliances, a table with chairs, and a window view.
Modern office space with a glass table, chairs, a popcorn machine, conference room in the background, and colorful floor tiles.
Aerial view of a city block with a commercial building and parking lot surrounded by labeled streets: North 5th Street, North 7th Street, West Barton Avenue, and West Calhoun Avenue.
Aerial view of an urban area showing streets labeled West Barton Avenue, North 5th Street, North 7th Street, and West Calhoun Avenue. A large building is enclosed with a yellow border. Various residential and commercial structures are visible, along
Aerial view of a commercial building surrounded by parking lots, located at the intersection of North 7th Street, West Barton Avenue, West Calhoun Avenue, and North 5th Street. The property is outlined in yellow and nearby structures include other bu
Aerial view of a city neighborhood highlighting West Calhoun Avenue, North 7th Street, West Barton Avenue, and South 5th Street. The image shows buildings and streets with boundary lines marked. A realty company logo is visible.

Contact Agent

Jeremy Jirasek

Jeremy Jirasek