303 Calhoun Ave Temple, TX 76501

This exceptional investment opportunity presents a 13,080-square-foot, single-tenant office building located in Temple, Texas's central business district. The property, situated at 303 W Calhoun Ave, boasts a prime location near key landmarks including the Temple Fire & Rescue Central Station, KCEN-TV Station, ExtraCo Bank, Santa Fe Plaza, Temple EDC, Temple ISD Administration, and Temple City Hall. Built in 1990 and completely renovated in 2020, this Class B building features a 10-year lease with MRB Group, commencing October 1, 2020, and expiring September 30, 2030. The lease has 5.9 years remaining, with a fixed rate for the first five years and annual escalations for the remaining term. The modified gross lease provides a stable income stream, with a current Net Operating Income (NOI) of $136,506, resulting in a 6.00% capitalization rate. The asking price is $2,275,100, translating to $173.94 per square foot. The 1.27-acre lot is zoned CA (Central Area). This stabilized investment offers a compelling opportunity for a 1031 exchange. The property consists of one building, one story, and features 100% occupancy. All aspects of the building have been meticulously maintained and updated. This is a rare opportunity to acquire a high-quality, income-producing asset in a thriving Texas market.