Listed by KW Commercial Houston Clear Lake, Keller Williams Memorial
$3,000,000
16850 Diana Lane
Details
Property Type Office
Sub Type Creative Office
Square Footage 17,250
Cap Rate 9.50%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Class B
Office Building - Sale Leaseback
Marketing description
**Updated Office Building for Sale**
- **Building Details:**
- Rating: 3 Star
- Year Built: 1983
- Size: 17,250 square feet
- Lot Size: 1.20 acres
- Single-story structure
- No zoning restrictions
- **Parking:**
- 63 surface spaces
- 15 covered spaces
- Parking ratio: 4.52 spaces per 1,000 square feet
- **Current Tenancy:**
- Occupied by three tenants
- Owner willing to lease back half of the building for 10 years (two 5-year terms), allowing the new owner to lease out or occupy the remaining space to qualify for an SBA loan or keep other existing tenants.
- **Financials:**
- Fully leased, the property is projected to generate approximately a 9.5% capitalization rate at fair market rental rates
Listing Contacts
Listed by KW Commercial Houston Clear Lake, Keller Williams Memorial
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