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1504 E MULBERRY ST
ANGLETON, TX 77515-3913
Asking Price
$2.14M
Cap Rate
8.31%
Asset Type
Traditional Office Office
Class
Class B
What's Special
Houston MSA | AAA Credit Rated Teant <ul><li>STATE OF TEXAS LEASE | The Properties are leased to the State of Texas which carries an investment-grade credit rating of AAA by Standard & Poor's and Aaa by Moody's.</li><li>TWO AGENCIES | The Department of Family and Protective Services (DFPS) is a tenant at Angleton. Health and Human Services (HHSC) is also a tenant at Angleton.</li><li>SUBURBAN LOCATIONS = STICKY TENANTS | There are very few locations that support the suburbs. These strategic locations serve specific geographic a
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NOI
$80,000
Cap Rate
3.75%
DSCR
0.63
Underwater
Cash-on-Cash
-7.31%
Monthly Payment
$10,567.763
Annual Cash Flow
$-46,813.151
