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Investment Highlights

  • Upscale, new construction, condominium office space
  • Natural lighting & upper-end finishes
  • Single-story with private front door entrance and surface parking
  • Build-out complete to accommodate medical specialist
  • Units range from 1,512 - 4,536 SF
  • Customizable floor plans and options available

Executive Summary

Custom new office condo for sale in Magnolia, Texas! Conveniently located in the Magnolia Office Park, off Nichols Sawmill Road, this unit offers offer just over 1500 SF of upper end office space with easy accessibility. This highly traveled area is less than a mile from the intersection of FM 1774 and Nichols Sawmill Rd and minutes from both FM 1488 and SH 249 Tollway. This custom office space offers 10 foot ceilings, 8-foot glass & iron entry door, Cat 6 wiring, surveillance cameras, granite countertops, handicap accessible bathrooms, 16-SEER HVAC, custom lighting, wood-look tile flooring, landscaping and 10 parking spaces. This well-designed office park is a rare opportunity in Magnolia with current units occupied by a local developer, engineering firm and doctors office coming soon. Ideal build-out completed for a professional medical office space, ready to accommodate a psychologist, counselor, therapist, audiologist, cardiologist, physical therapist, chiropractor.

Data Room Click Here to Access

5 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 4A
  • 1,512 SF
  • Office/Medical
  • $422,760 ($279.60/SF)
  • -
Sale Type Investment or Owner User
  • Unit 4B
  • 1,512 SF
  • Office/Medical
  • $429,760 ($284.23/SF)
  • -
Sale Type Investment or Owner User
  • Unit 7-B
  • 1,512 SF
  • Office/Medical
  • $424,760 ($280.93/SF)
  • -
Sale Type Investment or Owner User
  • Unit 8-B
  • 1,512 SF
  • Office/Medical
  • $424,650 ($280.85/SF)
  • -
Sale Type Investment or Owner User
  • Unit 12A
  • 1,512 SF
  • Office/Medical
  • $425,000 ($281.08/SF)
  • $40,375
Sale Type Investment
Cap Rate 9.50%
Unit Unit Size Condo Use Price NOI
Unit 4A 1,512 SF Office/Medical $422,760 ($279.60/SF) -
Unit 4B 1,512 SF Office/Medical $429,760 ($284.23/SF) -
Unit 7-B 1,512 SF Office/Medical $424,760 ($280.93/SF) -
Unit 8-B 1,512 SF Office/Medical $424,650 ($280.85/SF) -
Unit 12A 1,512 SF Office/Medical $425,000 ($281.08/SF) $40,375

Unit 4A

Unit Size
1,512 SF
Condo Use
Office/Medical
Price
$422,760 ($279.60/SF)
NOI
-

Unit 4B

Unit Size
1,512 SF
Condo Use
Office/Medical
Price
$429,760 ($284.23/SF)
NOI
-

Unit 7-B

Unit Size
1,512 SF
Condo Use
Office/Medical
Price
$424,760 ($280.93/SF)
NOI
-

Unit 8-B

Unit Size
1,512 SF
Condo Use
Office/Medical
Price
$424,650 ($280.85/SF)
NOI
-

Unit 12A

Unit Size
1,512 SF
Condo Use
Office/Medical
Price
$425,000 ($281.08/SF)
NOI
$40,375

Unit 4A

Unit Size 1,512 SF
Condo Use Office/Medical
Price $422,760 ($279.60/SF)
NOI -
Sale Type Investment or Owner User

Unit 4B

Unit Size 1,512 SF
Condo Use Office/Medical
Price $429,760 ($284.23/SF)
NOI -
Sale Type Investment or Owner User

Unit 7-B

Unit Size 1,512 SF
Condo Use Office/Medical
Price $424,760 ($280.93/SF)
NOI -
Sale Type Investment or Owner User

Unit 8-B

Unit Size 1,512 SF
Condo Use Office/Medical
Price $424,650 ($280.85/SF)
NOI -
Sale Type Investment or Owner User

Unit 12A

Unit Size 1,512 SF
Condo Use Office/Medical
Price $425,000 ($281.08/SF)
NOI $40,375
Sale Type Investment
Cap Rate 9.50%

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 18,144 SF
Property Type Office
Property Subtype
Medical
  • OfficeLoft Creative Space
  • Office Office Residential
Building Class B
Floors 1
Typical Floor Size 18,144 SF
Year Built 2023
Tenancy Single
Lot Size 1.21 AC
Parking Ratio 0.55/1,000 SF
Zoning Commercial

Amenities

  • 24 Hour Access
  • Security System
  • Kitchen
  • Accent Lighting
  • Reception
  • Central Heating
  • High Ceilings
  • Natural Light
  • Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
  • Listing ID: 28959188

  • Date on Market: 11/8/2023

  • Last Updated:

  • Address: 31300-31368 Nichols Sawmill Rd, Magnolia, TX 77355

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