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17146 N Eldridge Pkwy - Flagship Office Condominiums

625 - 1,250 SF Office Condo Units Offered at $188,000 - $377,000 Per Unit in Tomball, TX 77377

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Property Facts

Price	$188,000 - $377,000	Building Class	B
Unit Size	625 - 1,250 SF	Floors	1
No. Units	2	Typical Floor Size	900 SF
Total Building Size	6,250 SF	Year Built	2020
Property Type	Office	Lot Size	4.63 AC
Property Subtype	Medical General Retail Storefront Retail/Office Office Industrial Live Work Unit

Price	$188,000 - $377,000
Unit Size	625 - 1,250 SF
No. Units	2
Total Building Size	6,250 SF
Property Type	Office
Property Subtype	Medical General Retail Storefront Retail/Office Office Industrial Live Work Unit
Building Class	B
Floors	1
Typical Floor Size	900 SF
Year Built	2020
Lot Size	4.63 AC

2 Units Available

Unit F

Unit Size	1,250 SF	Sale Type	Investment
Price	$377,000	Cap Rate	7.66%
Price Per SF	$301.60	NOI	$28,878.20
Condo Use	Office	No. Parking Spaces	4

Unit Size	1,250 SF
Price	$377,000
Price Per SF	$301.60
Condo Use	Office
Sale Type	Investment
Cap Rate	7.66%
NOI	$28,878.20
No. Parking Spaces	4

Description

These Class "A" Office condominiums, built in 2020, benefit from a strong office market. Although great for an owner/user, the demand for newer small office product in this submarket creates a tremendous investment opportunity. The unit is leased at a comparable rate, including a recent extension. As an investment, this unit should always stay rented.