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Venture Tech VIII 8708 Technology Forest Pl 72,867 SF 87% Leased Office Building The Woodlands, TX 77381 For Sale
Investment Highlights
- Value-Add Offering Within Houston's Preferred Suburban Submarket
- Attractive Risk-Adjusted Basis
- Superior Demographics and Accessibility
- Single-Story Efficiency & Acessibility
- Strong Lease-Up Opportunity with Market Leading Fundamentals
- Iconic Location in the Heart of The Woodlands
Executive Summary
Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present for sale a 100% fee simple interest in Venture Tech VIII (“the Property”), a 70,212 squarefoot single story office building in a highly accessible location within The Woodlands submarket. The Woodlands is a mature master-planned community with an impeccable reputation for a high quality of life and superior commercial real estate fundamentals. The area boasts a business-friendly environment with significant tax incentives, best-in-class master planned residential communities, top tier Class-A multifamily communities, and luxury retail & noncommercial offerings only found in top MSAs.
The Woodlands continues to prove resiliency and enjoy strong leasing activity due to the lack of significant supply and superior live-work-play environment. Venture Tech VIII benefits from its prime location within the Venture Tech Business Park, just minutes from I-45, offering immediate access to one of Houston’s major thoroughfares and a robust employee base. The Property provides investors with the ability to acquire a well-located, high-quality asset with meaningful in-place cash flow and value-add potential via lease-up of the remaining vacancy.
The Woodlands continues to prove resiliency and enjoy strong leasing activity due to the lack of significant supply and superior live-work-play environment. Venture Tech VIII benefits from its prime location within the Venture Tech Business Park, just minutes from I-45, offering immediate access to one of Houston’s major thoroughfares and a robust employee base. The Property provides investors with the ability to acquire a well-located, high-quality asset with meaningful in-place cash flow and value-add potential via lease-up of the remaining vacancy.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
72,867 SF
Building Class
B
Year Built
1998
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
70,212 SF
Slab To Slab
11’
Building FAR
0.24
Lot Size
7.00 AC
Zoning
6
Parking
155 Spaces (2.21 Spaces per 1,000 SF Leased)
Amenities
- Pond
- Signage
- Natural Light
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- -
- -
-
Lorem Ipsum
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Jan 0000
Avante Laser & MediSpa is the longest running medical spa in The Woodlands and Houston, an honor that highlights their skilled and compassionate care and the immense satisfaction of their clientele. Their highly-qualified technicians work together to create an atmosphere of courtesy, respect, and genuine caring for their clients. Mary Ann Urban and Stacey Upchurch founded the spa with a goal of delivering the best service using state-of-the-art technology. They’re proud to say they continue to live up to that goal.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Spacious office suite available for 8,889 square feet
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 180 | 3,000-8,889 SF | Office | Full Build-Out | Now |
1st Fl-Ste 180
| Size |
| 3,000-8,889 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 180
| Size | 3,000-8,889 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Spacious office suite available for 8,889 square feet
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 9717-07-00200 | Improvements Assessment | $5,141,072 |
| Land Assessment | $2,858,928 | Total Assessment | $8,000,000 |
Property Taxes
Parcel Number
9717-07-00200
Land Assessment
$2,858,928
Improvements Assessment
$5,141,072
Total Assessment
$8,000,000
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
