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Greatwood Professional Center 7002 Riverbrook Dr 18,260 SF 100% Leased Office Building Sugar Land, TX 77479 $4,327,000 ($236.97/SF) 6.78% Cap Rate
Executive Summary
+ 18,260 SF, one-story, professional office building, built 2000.
+ 10 Medical / Professional tenants: Counseling, Fitness, Homeowners Assn Services, Integrative Medicine, Children & Family Therapy (3), IT & Automation, Psychiatric Services
+ 1 Executive suite 971 SF for lease; Seller rent guarantee one year.
+ 3 tenants in place 10 years (40% of SF)
+ New roof 2009.
+ 64 concrete parking spaces
+ Borders Greatwood Golf Course
+ 10 Medical / Professional tenants: Counseling, Fitness, Homeowners Assn Services, Integrative Medicine, Children & Family Therapy (3), IT & Automation, Psychiatric Services
+ 1 Executive suite 971 SF for lease; Seller rent guarantee one year.
+ 3 tenants in place 10 years (40% of SF)
+ New roof 2009.
+ 64 concrete parking spaces
+ Borders Greatwood Golf Course
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
18,260 SF
Building Class
B
Year Built
2000
Price
$4,327,000
Price Per SF
$236.97
Cap Rate
6.78%
NOI
$293,402
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,260 SF
Building FAR
0.23
Lot Size
1.80 AC
Zoning
None
Parking
64 Spaces (3.5 Spaces per 1,000 SF Leased)
Amenities
- Golf Course
- Pond
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Greater Houston Counseling Center
- Health Care and Social Assistance
- 1,660 SF
- -
- -
- Legacy Fitness
- Health Care and Social Assistance
- 2,671 SF
- -
- -
- Montage Community Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Greater Houston Counseling Center | Health Care and Social Assistance | 1,660 SF | - | - | ||
| Legacy Fitness | Health Care and Social Assistance | 2,671 SF | - | - | ||
| Montage Community Services | - | - | - | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0049-00-000-0855-901 | Improvements Assessment | $2,328,600 |
| Land Assessment | $653,400 | Total Assessment | $2,982,000 |
Property Taxes
Parcel Number
0049-00-000-0855-901
Land Assessment
$653,400
Improvements Assessment
$2,328,600
Total Assessment
$2,982,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
McAdams & Associates
Greatwood Professional Center | 7002 Riverbrook Dr
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