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Office 17040 Northwest Fwy 11,695 SF 71% Leased Office Building Jersey Village, TX 77040 $3,619,000 ($309.45/SF) 7.50% Cap Rate
Investment Highlights
- Anchored By Westpark Springs | Multi-Unit Operator with Strong Financials
- Highly Affluent Houston Submarket | Excellent Demographics
- Texas is an Income Tax-Free State
- Directly Adjacent to TX Hwy 290
- Newer (2019) Institutional Quality Construction
- 2-Year Guaranty from Seller for Available Space
Executive Summary
The Jersey Village NNN Medical Office Building is a total of 11,695 SF and consists of 0.747 acres. It has excellent visibility from TX Hwy 290 which has over 193,000 VPD. Nearby is Northwest Village Shopping Center (over 3.5M Visits in the last 12 months), which is anchored by Ross Dress for Less, SPEC’s, Harbor Freight Tools and Dollar Tree.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,695 SF
Building Class
B
Year Built
2019
Price
$3,619,000
Price Per SF
$309.45
Cap Rate
7.50%
NOI
$271,400
Percent Leased
71%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,848 SF
Building FAR
0.09
Lot Size
2.88 AC
Parking
43 Spaces (3.68 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Strong nearby tenants
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 3,500 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 3,500 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 3,500 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
Strong nearby tenants
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1174760020001 | Improvements Assessment | $7,461,049 |
| Land Assessment | $1,639,420 | Total Assessment | $9,100,469 |
Property Taxes
Parcel Number
1174760020001
Land Assessment
$1,639,420
Improvements Assessment
$7,461,049
Total Assessment
$9,100,469
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Office | 17040 Northwest Fwy
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