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- LoopNet Team
7515 Oak Bluff Dr
Magnolia, TX 77354
11% Cash on Cash - 8.42% Cap (2nd year) - NNN · Office Property For Sale
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Skylights
- Air Conditioning
ABOUT 7515 OAK BLUFF DR , MAGNOLIA, TX 77354
The property is surrounded by a mix of retail power centers, regional and local strip centers, office and light industrial. Major destination-point retail drivers such as Ross, Target, Office Depot and Home Depot are located less than a mile from the subject and recently opened their doors (July 2017). There is a high demand for space which this unique asset type can accommodate and the many users seeking space in the area bodes well for continued inflationary pressure on rent rates. The property is ideally located between two primary transportation arteries (FM 1488 & FM 242) which generate in excess of 50,000 APD. It also borders The Woodlands, a general planned community with above average income households and one of the most sought after neighborhood within the Houston Metroplex area.
PROPERTY TAXES
| Parcel Number | 9495-02-14500 | Improvements Assessment | $910,470 |
| Land Assessment | $160,000 | Total Assessment | $1,070,470 |
PROPERTY TAXES
