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Flintridge Medical Building 10845 Kuykendahl Rd 9,258 SF 100% Leased Office Building The Woodlands, TX 77382 $3,664,000 ($395.77/SF) 6.30% Cap Rate
Investment Highlights
- 100% Leased Medical Office Asset
- Strong Rent Growth & Inflation Hedge
- Premier Woodlands Location
- Long-Term, Contractual Cash Flow
- Recent Capital Improvements/No Deferred Maintenance
- Dense & Affluent Demographics
Executive Summary
Northmarq is pleased to present to qualified investors the opportunity to acquire a fee simple interest in Flintridge Medical Building, located at 10845 Kuykendahl Road in The Woodlands, Texas (the “Property”). Flintridge Medical is a 100% leased, three-tenant medical office building serving an affluent and established surrounding community. The Property is occupied by a dentist, chiropractor, and dermatologist, each operating under triple-net (NNN) leases with annual rent escalations ranging from 2.5% to 3.0%. The Property is strategically located in The Woodlands, approximately 36 miles north of downtown Houston, at the signalized intersection of Kuykendahl Road (21,382 vehicles per day) and Flintridge Road.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,258 SF
Building Class
B
Year Built/Renovated
2015/2026
Price
$3,664,000
Price Per SF
$395.77
Cap Rate
6.30%
NOI
$230,831
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,258 SF
Building FAR
0.15
Lot Size
1.40 AC
Parking
39 Spaces (4.21 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Exceptionally drivable
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 8274-00-00800 | Improvements Assessment | $1,815,366 |
| Land Assessment | $731,808 | Total Assessment | $2,547,174 |
Property Taxes
Parcel Number
8274-00-00800
Land Assessment
$731,808
Improvements Assessment
$1,815,366
Total Assessment
$2,547,174
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Flintridge Medical Building | 10845 Kuykendahl Rd
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