1800 Teague Dr - Office FOR SALE


Sherman, TX 75090
$5,000,000 USD
903-647-3766
1800 Teague Dr, Sherman, TX for Sale
$5,000,000 USD
Office - FOR SALE
1/57
null | 8.15% Cap Rate

1800 Teague Dr
Sherman, TX 75090


HIGHLIGHTS

  • Predictable Cash Flow: 73% leased with strong path to 80% in 2027
  • Immediate Value-Add Potential: The remaining 27% vacancy offers immediate lease-up upside for an investor or a premium corporate headquarters for an
  • Low Near-Term Rollover Risk: Staggered lease expirations protect the asset's net operating income (NOI) during the hold period.
  • Full Offering Package Ready: Comprehensive financial underwriting, rent roll, and pricing guidance are available immediately upon request.

OVERVIEW

Stabilized Value-Add Investment | 73% Leased Class B+ Office Building Exceptional opportunity to acquire a premier, cash-flowing Class B office asset in the high-growth Sherman market. The property is 73% leased to a resilient and diverse tenant profile, ranging from established regional service providers to growing local corporations.Mechanically optimized for modern tenant demand, the facility offers versatile suite configurations ranging from executive spaces to full-floor layouts. Capital improvements and amenities include an on-site conference center, 220 dedicated parking spaces, and 24/7 secure access. Strategically positioned on Texoma Parkway, the property provides rapid regional access to local dining and retail corridors, with direct connectivity to US-75 linking investors directly to the booming Dallas-Fort Worth metroplex.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

One Grand Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

C-1

APN/PARCEL ID

157353

ASK ABOUT THIS PROPERTY

Myndee AllenPreeminent CRE GroupMore Info
903-647-3766

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Myndee AllenPreeminent CRE GroupMore Info
903-647-3766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.