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30888724
30888723

2600 NASA Road 1, Seabrook, TX 77586 For Sale

MG
TX 0614711, TX
Zann Commercial Brokerage, Inc.
Listed by Zann Commercial Brokerage, Inc.
$1,050,000
133 days on market
Updated 91 days ago

Lakeside Terrace Office Complex

Details
Property Type Mixed Use, Office (+1)
Sub Type Executive Office, Storefront (+1)
Square Footage 6,400
Units 8
Cap Rate 7.6%
NOI $79,844
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $164
Year Built 1982
Buildings 1
Stories 2
Lot Size (SqFt) 18,684
Zoning Commercial
Investment Type Stabilized

Mixed Use Office Complex For Sale | 7.60% CAP | 6,400 SqFt

Marketing description

Zann Commercial is pleased to present Lakeside Terrace Office Complex for sale. The subject property is an income producing, 2 story, multi-tenant property that is operating currently at 100% occupancy. It is conveniently located right on Nasa Rd 1 in the Clear Lake area at the intersection of Lakeside Dr. just minutes from Johnson Space Center, I-45 and the improved Hwy 146. The property provides a private working environment with smaller scale units for professional users offering natural lighting and views of the marina and bay across the street and surrounded by local restaurants and dense commercial development. **Note do not disturb the property or Tenants. Additional land available upon request. Please contact Listing Agent-Michael Gage for more information and tours.

Investment highlights

  • Asking Price: $1,050,000 (+/-$164/SF)
  • Capitalization Rate: 6.17% (Includes Add Land Valuation)
  • Net Operating Income: $79,844
  • Occupancy: 100%
  • Building SF: 6,400 SF
  • Land SF: +/-18,684 SF

Listing Contacts

MG
TX 0614711, TX
Zann Commercial Brokerage, Inc.
Listed by Zann Commercial Brokerage, Inc.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$79,844.00
$6,653.67/mo

Valuation Metrics

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DSCR
7.6%
Cap Rate
7.6%
ROI

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