Bryan Luong, CCIM South Texas Prime Properties
Listed by Bryan Luong, CCIM South Texas Prime Properties
$2,579,549
6620 Cypresswood Plaza
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 21,751
Net Rentable (SqFt) 21,751
Units 7
Cap Rate 6%
NOI $154,712
Occupancy 87%
Tenancy Multi
Lease Type Net
Rent Bumps Yes
Price per SqFt $119
Broker Co-Op Yes
Class C
Year Built 2000
Year Renovated 2018
Buildings 1
Stories 2
Lot Size (SqFt) 38,140
Parking Spaces 90 spaces
Parking Per SqFt 4.14
Investment Type Net Lease
Occupancy Date 02/01/2026
Sale Condition For sale by owner
Office | 6.00% CAP | 21,751 SqFt
Marketing description
Discover a prime opportunity at 6620 Cypresswood Dr., Spring, Texas 77379! These end-cap office spaces in North Houston offer convenient access to I-45, SH 249, and FM 1960. The modern 21,615 SF building features seven prime and quality build-out spaces but only 1 available of 2,827 SF on Level 2. With ample parking, built-out offices, and competitive lease rates, this property provides a lucrative commercial setting. The area boasts a thriving population with an average household income of $137,756 within a 1-mile radius, ensuring a robust customer base for tenants.
Investment highlights
Stable tenants based with rent escalations.
Lots of upside potential
Owner Finance with qualified credit and down payment option
Listing Contacts
Bryan Luong, CCIM South Texas Prime Properties
Listed by Bryan Luong, CCIM South Texas Prime Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,712.00
$12,892.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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