Listed by Coldwell Banker Commercial Universal
$26,767,489
616 FM 1960 W Rd Office Building
Details
Property Type Retail, Office
Sub Type Executive Office, Traditional Office
Square Footage 142,194
Units 250
Cap Rate 6.50%
NOI $1,590,000
Occupancy 90%
Tenancy Multi
Lease Type Gross
Lease Term 2
Lease Expiration 01/01/2029
Remaining Term 2
Rent Bumps Yes
Price per SqFt $222
Class A
Year Built 1982
Year Renovated 2022
Acreage 6.390
Zoning Commercial
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/01/2026
Ground Lease No
Sale Condition N/A
Office | 6.5 CAP | 142,194 SqFt
Marketing description
PIntroducing a prime investment opportunity, the 142,194 SF 616 FM 1960 W Rd Office Building features 255 units, making it an ideal asset for office building investors. Built in 1982 and recently renovated in 2022, this strategically located property offers a solid occupancy rate, providing a stable income stream for savvy investors. Zoned commercial, this impressive office building presents strong potential for long-term tenancy stability and value appreciation in the thriving Houston market. With its substantial size, prime location, and impressive occupancy rate, this property stands as a lucrative and promising investment opportunity for discerning investors seeking a foothold in Houston's commercial real estate landscape.
Investment highlights
- 142,194 SF office building
- 255 units
- Built in 1982, renovated in 2022
- Zoned commercial
- Strategically located in Houston
- 90% occupancy
Listing Contacts
Listed by Coldwell Banker Commercial Universal
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,590,000.00
$132,500.00/mo
Valuation Metrics
0
DSCR
5.94%
Cap Rate
5.94%
ROI
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