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Freestanding For Sale • 40,887 SF
| Excellent Owner-User: 17,074SF of the property are vacant plus 1,330SF may be re-captured from a month-to-month tenant to accommodate a user’s needs |
| Significantly Below-Replacement Cost: Property priced at only $98 per square foot to the building and $16.70 per square foot to the land |
| A Buyer may increase the Net Operating Income and property value by leasing vacant units that are not going to be occupied by owner. |
| Upside Through Increasing Below-Market Rents: Market rents for other vacant units at the property range from $13-16/SF. |
| Property includes an appx .5AC pad site that is currently undeveloped. Buyer could develop, ground lease, or sell this pad site for further value. |
| Highly-Populated Submarket: Population of approximately 120,000 people and an average household income of $89,816 within a three-mile radius |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| George Bush Intcntl/Houston | 26 min | - | 19.3 mi |
| William P Hobby | 53 min | - | 34.5 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 250 |
| Type: | Surface |
| Included in Rent: | Yes |
Alex Wolansky, CCIM
Marcus & Millichap
Alex Wolansky, CCIM
Marcus & Millichap
