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TWO INVESTMENT / OWNER-USER BUILDINGS 11820 Huffmeister rd 31,365 SF 100% Leased Office Building Houston, TX 77065 $5,900,000 ($188.11/SF)
Investment Highlights
- WELL BELOW REPLACEMENT COST
- FENCED PROPERTY WITH SECURED ACCESS
- INCLUDED EQUIPMENT AND FEATURES
- MULTIPLE USES
- COVERED DRIVE THRUS / PLENTIFUL PARKING
- EXCELLENT VISIBILITY
Executive Summary
The Property features 2 buildings totaling 31,365 SF sitting on 3.718 acres, which includes all off-site detention. The buildings could be built-out with multiple uses, including a medical campus, church campus, daycare, Montessori, general office (CPA, attorneys, etc) or perhaps a combination of retail / office. Medical offices would do very well as the property is located approximately 5 minutes north of HCA Houston Healthcare North Cypress, a 163-bed, general acute care hospital.
Sale Flyer
Property Facts
Amenities
- Air Conditioning
About FM 1960/Hwy 249
The northwest area of Houston is one of the fastest-growing sections in the city. Since 2010, more than 80% of the population growth that has occurred in Harris County has been in its unincorporated areas, much of which is in proximity to this neighborhood. The area is also home to neighborhoods with pockets of high median household incomes, including Champion Forest, Cypress, Tomball, and Spring. Higher incomes have supported mixed-use and retail development, such as the Vintage Park shopping center on Highway 249.
With more than 12 million square feet of inventory, the area is relatively large by Houston standards. Like most West Houston areas near the Energy Corridor, the energy sector plays a large role in the office landscape here; more than one-third of all office tenants are tied to the energy industry. Even so, this area is also home to a diverse group of tenants, especially education, healthcare, and professional services tenants serving the growing suburban population base. Some of the largest office tenants include Lone Star College (600,000 square feet), CHI St Luke's Health (215,000 square feet), and Emerson (175,000 square feet). Several of Houston’s major highways run directly through the area, including Highway 290, Highway 249, and Highway 6, offering tenants exceptional connectivity across the region.
Investors are also attracted to this area because of the relative value assets here provide. Pricing is favorable, with the average price per square foot still below the Houston average and a significant discount to neighboring The Woodlands and West Belt.
Demographics
Demographics
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,327,766 | |
| Land Assessment | $1,115,854 | Total Assessment | $6,443,620 |
Property Taxes
Sale Advisor
Sale Advisor
Brian Corriston, Vice President
Prior to Stan Johnson Company, Corriston worked for Caldwell Companies as Vice President Industrial Brokerage Services. There he was part of the industrial service team, responsible for prospecting new business and servicing existing client relationships. He produced over $65 million in transaction volume during his time with Caldwell Companies.
Corriston was awarded the ProLogis Trailblazer award, an award given by a national company to new brokers whose drive and determination leave a blazing trail for others to follow. He was also a receipt of the “Heavy Hitter” award by the Houston Business Journal and the National Association of Industrial and Office Properties’ Rising Star award.
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TWO INVESTMENT / OWNER-USER BUILDINGS | 11820 Huffmeister rd
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