PRICE REDUCED - 7.6% CAP; 9.4% RETURN. Class A, medical / professional offices for sale in master-planned South Shore Harbour - southeast suburban Houston- League City TX Three single-story buildings with a total of 26,850 SF. 91+% leased to 6 medical & professional, national, regional & local tenants. All high-quality reputation, long-standing practices & firms. Average lease rate is $21.90 + $5.66 NNN. Most have renewed or signed long-term leases. A SECOND PRICE REDUCTION to $6,660,000, an 8.0% cap rate, yields a 10.7% cash-on-cash return, with a proposed 70% LTV loan at market terms. At 100%, the return is over 13% All 3 buildings have shallow bays (55' & 65') and private, direct entrances. Landscaped patios in-between for maximum tenant attractiveness. Tilt wall construction with all-steel columns & trusses. 20 year roof warranty. Large, all-concrete parking at 5 spaces/1,000 SF. Traffic light at entrance onto Marina Bay Dr. (FM 2094) Only one suite left - 2,312 SF - an end-cap for a small professional practice.
Price Upon Req.181,633 SF
PROPERTY TOURSProperty tour available Thursday the 28th from 10am - 2pm local time. Please contact Jessica Alexander at 713-993-7703 to coordinate. MARKETING DESCRIPTIONAuction.com and Avison Young are pleased to present the opportunity to acquire Tower Park North, a +/- 181,663 rentable SF office building located in Houston, Texas. Tower Park North, located at 10700 North Freeway, is a ten-story, Class B, multi-tenant office building on an approximately 4.77 acre parcel. The property is currently 24.18% occupied by a diverse tenant base offering significant opportunity to increase cash flows through the lease-up of currently available space and a large contiguous block of space, 124,632 SF available, ideally suited for a user buyer or corporate headquarters with building signage available.BUILDING FEATURESTower Park North offers several amenities such as a building conference room, on-site security, card key access and on-site delicatessen in a professional and well-manicured environment. Significant capital improvements totaling over $850,000 were completed between 2008-2010.
Silver Lake Business Park is a 90,000 square foot, Class A institutional quality business / office park. The park was built in 2001/2002 and constructed with all concrete driveways and steel framing with metal and brick siding. There are five 18,000 square foot buildings situated on 6.6 acres. Current tenant mix includes government agencies, local churches, and businesses and professional services companies. The park has a successful track record of consistently raising rents with lease renewals. This is evidenced by the consistent year over year revenue growth. 2014 effective gross income was 11% greater than 2013 gross income. Tenants are attracted to the close proximity to SH 288, easy ingress and egress off Miller Ranch Road, ample parking and aesthetics of the park. The park averages occupancy well above 90% and could reach 100% occupancy this summer.
PICE REDUCTION!!!! Multi use facility. Currently the property is partially owner occupied by a dental lab and part is leased to a dentist that is month to month. The property can be used by a single user or multiple users for income. The property has been used as an insurance office in the past. The property is on the corner of Main and Ellaine and has signage. The owner is motivated and will consider owner financing so bring all reasonable offers.
Five Suites Available; All Sizes Small & Large Building IT - AT&T FIBER & COMCAST CABLE for Business Janitorial Service 5 days per wk. Parking is plenty. Owner Occupied ; Very Clean building Two Story Brick Office Building w/lush vegetation and palm trees exterior. 24 hrs Access.
PRIME LOCATION! Great open floor plan in close-in Spring Branch with Unrestricted use on one of the most desirable corner locations in the area! Great potential for Office or small business use (law office, dentist or doctor, pain clinic, salon, massage, yoga studio, etc). Plenty of free parking in front, across the street, and up and down Afton. The road widens at this intersection which makes it feel very accessible...one block off Antoine. There is a great room upstairs with a custom hand painted lighted tray ceiling-This 22' X 15'5" room could be easily converted in to 3 private offices. There is also a 12X10 room adjacent to the larger room which could serve as another office...this room has a huge walk-in closet and another large closet in the bathroom that could provide for lots of storage, files, etc. The oversized bathroom upstairs has a marble counter, shower and private commode room. The large landing area has enough room for 3-4 workers or could be a second lobby upstairs. The home has Oak Hardwoods throughout the home. Downstairs is a large lobby area with a full Kitchen and eating area, butlers pantry and a large closet that could be used for supplies/storage.
Great investment opportunity! 4300 sqft office building fully occupied with 3 tenants. Remodeled in 2006-2007. Great location off busy street and close to Bush Intercontinental Airport and Lone Star College.
15,432 SF Retail/Medical/Office Space available for lease. This building has everything-freight elevator, loading dock in the rear, generator, covered pull up entrance, plenty of existing offices, conference rooms, storage rooms, ample parking, wrap around driveway, ADA bathrooms, and more. Approximately $213/sf. INVESTORS*-Market rates for lease space in this area indicates $20/sf NNN Annually
Great opportunity for commercial development of 13,100 square foot lot in booming Houston Heights. Property features a 4672 square foot building that would lend itself to medical, professional, restaurant or retail/mixed use development. Private offices & open areas. High traffic volume with street frontage on two sides and 131 foot frontage on Yale. Could easily be divided into two or three separate spaces. Easy access to all major Houston freeways including 610 a block away. Lot is $68 per square foot.