Historical Office Sale Listing - Greatwood Professional Center 7.75% Cap / 2% fee

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Greatwood Professional Center 7.75% Cap / 2% fee

7002 Riverbrook Drive, Sugar Land, TX 77479

N/A

18,260 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
18,260 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
3 years left on lease
Commission Split:
2%
Cap Rate:
7.75%
Occupancy:
100%
No. Stories:
1
Building Class:
A
Tenancy:
Multiple
Year Built:
2000
Lot Size:
1.76 AC
Parking Ratio:
3.80 / 1,000 SF
Listing ID
15443005
Last Updated
over 1 year ago

Highlights

  • 100% Leased
  • Affluent Master Planned Community
  • Average Household Income is $162,735
  • 773% Growth Rate between 1990 and 2000 and is projected to increase by an additional 31% between 2004 and 2010
  • Lake and Golf Course Views from every suite
  • perfect 1031 Exchange * 2% Co-Brokerage Fee

Description

Brick professional building developed in 2000 situated in Greatwood, an affluent master planned community in Sugar Land, Texas (SW Houston). The property overlooks the 10th fairway of the Greatwood Country Club with a scenic view of the adjacent lake. The 1-mile Average Household Income is $162,735 and the population grew by 773% between 1990 and 2000 and is projected to grow by an additional 31% between 2004 and 2010.

The Greatwood Professional Center is located on the south side of Riverbrook Drive just east of Greatwood Parkway in Sugar Land, Texas. It is 20 miles southwest of the Houston Galleria and 30 miles from downtown Houston. Greatwood is south of US-59 and east of Crabb River Road in an upscale golf course, master planned community. The property is minutes from the Grand Parkway, the newly constructed Memorial Hermann Hospital Campus, the 400,000sf RiverPoint Shopping Center and just down the freeway from Sugar Land Town Square. The University of Houston is just breaking ground on their new 200 acre campus just minutes from the property. This is an Affluent Explosive High Growth Area!

Map of 7002 Riverbrook Drive, Sugar Land, TX 77479 (Fort Bend County)

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