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Marketing description
42,648 Gross SF on 10,800 SF lot (24,030 USF / 26,430 RSF of office on 4 floors; 16,218 SF of two-level parking garage)
1983 constructed Class B office building with well maintained interior finishes
Located in the north Magnolia industrial submarket with dramatic Fisherman’s Terminal water views
Zoned IG2 U85.
+/- 62 parking stalls (2.2:1,000 SF), plus abundant street parking: 34 covered in-building parking stalls; 28 additional parking stalls in the leased lot adjacent to the building
Seller is willing to discuss a Sale Lease-Back arrangement for a portion of the building.
Asking Price: $7,400,000 ($279.98 per RSF / $173.51 per GSF) Significantly under replacement value!
Investment highlights
42,648 Gross SF on 10,800 SF lot (24,030 USF / 26,430 RSF of office on 4 floors; 16,218 SF of two-level parking garage)
1983 constructed Class B office building with well maintained interior finishes
Located in the north Magnolia industrial submarket with dramatic Fisherman’s Terminal water views
Zoned IG2 U85.
+/- 62 parking stalls (2.2:1,000 SF), plus abundant street parking: 34 covered in-building parking stalls; 28 additional parking stalls in the leased lot adjacent to the building
Seller is willing to discuss a Sale Lease-Back arrangement for a portion of the building.
Asking Price: $7,400,000 ($279.98 per RSF / $173.51 per GSF) Significantly under replacement value!
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