800 Franklin — Sale in Waco, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Office
- Location: Waco, TX 76701
- Year built: 1937
Photos
Description
The Federal District Courthouse (the “Property”), located at 800 Franklin Avenue in Waco, TX, is a 103,500 rentable square foot property situated on 1.61 acres in the heart of downtown. Owned by the U.S. Postal Service, the property was constructed in 1935 as a post office and federal courthouse. Today, the property is fully occupied by the Federal Courts and related agencies, including the U.S. Attorney’s Office , the U.S. District Clerk’s Office, Pretrial Services, and the U.S. Marshals Service under the aegis of the U.S. General Services Administration (GSA). GSA occupies the property on a month-to-month basis and plans to remain in the building long-term. A buyer will have the rare opportunity to negotiate a new lease with GSA, which would likely occur during the buyer feasibility period. This is a unique opportunity for investors familiar with GSA-leased assets to acquire a fully occupied mission-critical facility in a growing metro area with flexibility to negotiate a mutually advantageous leaseback at below replication cost.
Market Context
This office in Waco, TX is listed for sale. The building dates to 1937. Compare it against other office listings for sale in Waco, TX — view the full market.
Contact
- Drew Fuller · 5125321931 · drew.fuller@jll.com
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