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Jonella Herrera

jonellaherrera@purerealty.com +1(737) 373-2704

$2,074,000

Est. payment - /mo

5,033 SqFt

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 5,033 sqft

Price per Sqft $412

Subdivision Donelson Add

MLS Listing ID 21353825

HOA Y/N No

Year Built 2011

Annual Tax Amount $6,963

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Office

Property Description

USDA & FSA already in place. 7.5% CAP RATE on a GSA lease!!! They have been occupying this building since completion in 2012. Nice single-story first class building currently leased to Martin County USDA and FSA (local agricultural services). This location serves Martin and the surrounding four counties. Designed by architect James A. Stephenson. Right off frontage road to I-20. Build to suite for the USDA & FSA. This building was built with all the current tenant's programing considered. The building is segregated for both the USDA and the FSA. USDA side has 3 private offices, a large file and storage room, a large open concept big room for office staff and private offices for managerial staff. The FSA side has 2 private offices and a medium sized staff area. Both the USDA and the FSA have common shared bathrooms, conference room, kitchenette, utility room with enclosed garage for side by side and other ag equipment. They also share a common vestibule entrance. A secured and cooled server room and a shared janitorial closet with mop sink and storage. This building has been impeccably maintained. With a GSA lease in effect since 2012, the current lease was renewed in April of 2025 and is effective until end of April 2030. During all recent government shutdowns, this building has remained open and leased by the Federal Government and all rent is current. Rental payments are made electronically and are in arears. The USDA and FSA have been in Stanton for over 40 years serving this wonderful community. Ownership was commissioned by the USDA to build this for the USDA & FSA from the beginning and has amenities specifically for their needs. Agriculture and farming services are essential needs for the local and surrounding communities - counties. The current lot has additional acreage that enables the building to be easily expanded approximately 2,500 sf if need be.

Location

State TX

County Martin

Zoning Commercial

Direction Between Big Spring and Midland TX in Stanton. South side of I-20 on Frontage Rd. just East of Hwy 137.

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Combination, Ceramic Tile, Vinyl

Inclusions Land & Improvements

Fireplace No

Exterior

Parking Features Circular Driveway, Concrete, Driveway, Golf Cart Garage, Heated Garage, Lighted, On Site, Outside, Garage Faces Rear

Utilities Available Electricity Connected, Sewer Available, Water Available

Water Access Desc Public

Roof Type Flat

Topography Level

Accessibility ADA Compliant, Accessible Full Bath, Accessible Kitchen, Accessible Doors, Accessible Hallway(s)

Road Frontage Interstate

Garage Yes

Private Pool No

Building

Lot Description Flat

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Others

Tax ID 0010067

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21353825

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NEARBY SCHOOL & BUSINESS

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Jonella Herrera

+1(737) 373-2704

Agent | License ID: 609596

Agent License ID: 609596

3428 I-20 Stanton, TX 79782

Jonella Herrera

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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