“This best-in-market, headquarters-quality property offers in-place, financeable cash flow combined with upside via lease-up,” says Cushman & Wakefield's David Bernhaut.

Single-tenant retail assets priced $5 million or less continue to sell with the most velocity due to having the largest audience of prospective investors and all-cash buyers that are less dependent upon financing, HIG's Bill Asher tells GlobeSt.com.

The Texas A&M University System board of regents approved construction plans and an almost $41 million budget last fall for the 76,000-square-foot three-story academic building on 80 acres.