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Wood Park building #7 
25329 I-45 North
 The Woodlands, TX 77380
County: Montgomery
 
Lewis Walker
(281) 363-5888
   Photos
Image 1 of 1
 
 
  For Sale Active  
Property Use Type:Investment
Type:Office
Office Building
Building Size:11,250 SF
Building Class:B
Lot Size:11,250 SF
Occupancy:100.00%
Price:$1,500,000
Price/SF:$133.33
Cap Rate:8.00%
Year Built:1984
Net Lease Investment:Yes
Date Last Verified:7/1/2008
Property ID:14803024
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 Additional Information 

Property Description:
11,250 sq ft office/retail free standing building in The Woodlands, TX area. Currently master leased until September 2009. Below market lease provides for good upside potential.

Location Description:
In office business park of one story free standing buildings. Great exposure to freeway and Briar Park facing "The Room Store" Center

No. Stories:1
 Highlights 
•8 cap triple net lease with three years remaining•currently underleased with good income upside
 
•great exposure to recent rebuilt home furninshing center•used as office space could be retail conversion
 
•otehr building nearby are available•multiple tenant building on a master lease
  Financial Summary Actual  
Year:2006
Scheduled Gross Income:$120,000
  Vacancy:$0
  Reimbursement:$0
Effective Gross Income:$120,000
Net Operating Income:$120,000
 
  Major Tenant Information
Tenancy Type: Single
 
Champion Glen Utility
SF Occupied: 11,250
Lease Expires: 8/31/2009
 
 
  Debt & Equity Information
No Debt & Equity Information Provided

9/20/2006
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 
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