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Investment Highlights
- New Professional Office Development Investment Sale
- Building has new contemporary finished throughout, high ceilings, interior kitchen/ break area, and natural & LED lighting
- This Texas Hill County inspired development boasts a beautiful park like setting, large private stocked lake and putting green
- Building has reception and waiting area, with access to large back patio with stone fire place and entertaining lights
Executive Summary
Class A new professional Retail multi-tenant fully stabilized investment sale. Located in the fast-growing City of Conroe on S Loop 336 W, this office development has easy access to Interstate 45. It sits just West of Grand Central Park's 336 Marketplace Retail Shopping Center, which is part of Johnson Development's 2,046-acre Master planned mixed-use development. This Texas Hill Country inspired development boasts a beautiful park like setting, large private lake with a total of 20,000 sf on over 4.167 AC. Each building has new contemporary finishes throughout, high ceilings, interior kitchen/break area, private restrooms, and natural & LED lighting. Each suite has access to back
patio space, where employees can enjoy their break in a parklike setting. The property has great visibility and ample parking.
patio space, where employees can enjoy their break in a parklike setting. The property has great visibility and ample parking.
Property Facts
Sale Type
Investment
Property Type
Building Size
20,000 SF
Building Class
A
Year Built
2016
Price
$6,250,000
Price Per SF
$312.50
Cap Rate
7.88%
NOI
$492,575
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,000 SF
Building FAR
0.03
Lot Size
13.50 AC
Parking
78 Spaces (3.9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Waterfront
- Monument Signage
- Air Conditioning
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 7132-00-00100 | Improvements Assessment | $572,990 |
| Land Assessment | $202,010 | Total Assessment | $775,000 |
Property Taxes
Parcel Number
7132-00-00100
Land Assessment
$202,010
Improvements Assessment
$572,990
Total Assessment
$775,000
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