Net Leased Investment Offering - Bank Tenant - Offices for Sale, Real Estate - Beaumont, Texas, United States

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Net Leased Investment Offering - Bank Tenant
Date & Time Listed: 2009-05-04 22:36:32 (GMT)

Posted in Categories: Real Estate, Offices for Sale
Posted From: United States, Texas, Beaumont

Ad Details:

An attractive office building and drive-through motor bank located in Beaumont, Texas. 9% Cap Rate and Strong Investment Tenant. The property is leased to Compass Bank under a 7-year lease with two additional 5 year options.

Compass Bank operates some 584 branches in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. In August of 2008 Compass Bank merged with Texas State Bank. This property was part of that acquisition and now operates under the Compass Bank flag.

Compass Bank is a subsidiary of Compass Bancshares, Inc., a wholly-owned subsidiary of BBVA (NYSE: BBV) (MAD: BBVA). BBVA is a global financial services company with more than $698 billion in total assets, 44 million clients, 8,800 branches and approximately 110,000 employees in more than 30 countries. Compass Bank is rated A+ by Standard & Poor's.
Price: 3,750,000.00 USD

Keywords:

Texas, Commercial, US, Investment, Net Lease, Cap Rate

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Posted in Categories: Real Estate, Offices for Sale Posted From: United States, Texas, Beaumont

Posted in Categories: Real Estate, Offices for Sale
Posted From: United States, Texas, Beaumont