672 Ridge Hill DrNew Braunfels, TX 78130

This exceptional New Braunfels, TX office building presents a compelling investment opportunity. Located at 672 Ridge Hill Dr, 78130, this single-story, 4,236 square foot Class B property boasts a 5.30% cap rate and a strong net operating income (NOI) of $114,836 annually. Built in 2005 and renovated in 2021, the building features 19 parking spaces and is situated on commercially zoned land. Currently housing four tenants with a mix of lease terms (including one 5-year lease with inflation protection and several 1-year leases), the property offers excellent diversification. The 100% occupancy ensures immediate cash flow, with a potential for increased income through lease renewals or renegotiations. The seller is willing to assist with lease buyouts for certain suites, making this ideal for owner-occupancy. This property is priced attractively below replacement cost for the area, making it a highly desirable investment in a rapidly growing market. The building's strong financials, combined with its prime location and recent renovations, make it an exceptional opportunity for investors seeking a stable, high-return investment. The property is suitable for a 1031 exchange.