25200 Richards Rd
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25200 Richards Rd
7,903 SF Specialty Building Offered at $3,125,000 at a 6% Cap Rate in Spring, TX 77386
Investment Highlights
- offered at a 6.0% cap
Executive Summary
This is a commercial real estate investment opportunity offered at a 6.0% cap rate. Current tenant just renewed for an additional 10 years, NNN, with 3 year escalations. Lease expires April, 2034.
Located in The Woodlands / Spring area, in Montgomery County, south Texas, this +- 1.5 acre property has a purpose built 7,930 SF commercial school, with 9,240 gross building area.
Current real property owners also ran the educational business from 2014-2019, when they sold it to a third party, and leased the building to them. After the five year initial lease, they recently extended for an additional 10 years. This is an excellent opportunity for a commercial real estate investor to acquire real estate with an existing successfully operating tenant.
Excellent location in a growing area in south Texas. Contact broker for showing.
Located in The Woodlands / Spring area, in Montgomery County, south Texas, this +- 1.5 acre property has a purpose built 7,930 SF commercial school, with 9,240 gross building area.
Current real property owners also ran the educational business from 2014-2019, when they sold it to a third party, and leased the building to them. After the five year initial lease, they recently extended for an additional 10 years. This is an excellent opportunity for a commercial real estate investor to acquire real estate with an existing successfully operating tenant.
Excellent location in a growing area in south Texas. Contact broker for showing.
Property Facts
| Price | $3,125,000 | Property Subtype | Schools |
| Price Per SF | $395 | Lot Size | 1.00 AC |
| Sale Type | Investment or Owner User | Building Size | 7,903 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2014 |
| Price | $3,125,000 |
| Price Per SF | $395 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Lot Size | 1.00 AC |
| Building Size | 7,903 SF |
| No. Stories | 1 |
| Year Built | 2014 |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 0350-00-02600 | Improvements Assessment | $1,142,480 |
| Land Assessment | $257,520 | Total Assessment | $1,400,000 |
PROPERTY TAXES
Parcel Number
0350-00-02600
Land Assessment
$257,520
Improvements Assessment
$1,142,480
Total Assessment
$1,400,000
zoning
| Zoning Code | 6 |
| 6 |
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25200 Richards Rd
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