Unconventional Gas Solutions | 8448 N Sam Houston Pky W
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Unconventional Gas Solutions 8448 N Sam Houston Pky W
25,000 SF 100% Leased Office Building Houston, TX 77064 $4,468,000 ($179/SF) 8.50% Cap Rate
Investment Highlights
- Rare 2% Annual Rent Increases
- Excellent Access with Frontage Along Beltway 8 (183,513 AADT)
- 23 Miles from Downtown Houston
- Benefits from Established Houston Oil & Gas Industry
- Priced Below Replacement Cost
- No State Income Tax in Texas
Executive Summary
The subject property is prominently located with excellent access and visibility adjacent to the Sam Houston Tollway (183,513 AADT) approximately 2.5 miles from Tomball Parkway/SR-249 (141,023 AADT) and approximately 4 miles from the US-240 arterial (210,098 AADT). The site benefits from robust demographics with a total daytime population of 322,984 and average household income of $95,678 within 5 miles of the property.
The site benefits from a central location within James Place Business Park; other major tenants within the businesss park include Lennox, Salco Products, Inc., Brandt, NorAm Drilling, CMS Wireless, Rofson Associates, Scholastic Book Fairs, and more. Other major business tenants in the surrounding area include Amazon and Amazon Flex, The Home Depot Distribution Center, UPS, Premium Oilfield Technology, Iom, Advance Welding Services, Serta Simmons, and more.
The property additionally benefits from proximity to numerous major retail centers, including Jones Square, anchored by Hobby Lobby and Walgreens; Steeplechase Center, featuring Ollie’s Bargain Outlet and dd’s Discounts; Eldridge Crossing, featuring Target, Walmart Supercenter, the Home Depot, Kroger, and Kohl’s; Willowbrook Plaza, with tenants including Costco, At Home, World Market, and PetSmart; the Commons at Willowbrook, featuring Sam’s Club, Academy Sports + Outdoor, Life Time Fitness, and Total Wine; and Willowbrook Mall, anchored by Macy’s.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
The site benefits from a central location within James Place Business Park; other major tenants within the businesss park include Lennox, Salco Products, Inc., Brandt, NorAm Drilling, CMS Wireless, Rofson Associates, Scholastic Book Fairs, and more. Other major business tenants in the surrounding area include Amazon and Amazon Flex, The Home Depot Distribution Center, UPS, Premium Oilfield Technology, Iom, Advance Welding Services, Serta Simmons, and more.
The property additionally benefits from proximity to numerous major retail centers, including Jones Square, anchored by Hobby Lobby and Walgreens; Steeplechase Center, featuring Ollie’s Bargain Outlet and dd’s Discounts; Eldridge Crossing, featuring Target, Walmart Supercenter, the Home Depot, Kroger, and Kohl’s; Willowbrook Plaza, with tenants including Costco, At Home, World Market, and PetSmart; the Commons at Willowbrook, featuring Sam’s Club, Academy Sports + Outdoor, Life Time Fitness, and Total Wine; and Willowbrook Mall, anchored by Macy’s.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
25,000 SF
Building Class
B
Year Built/Renovated
2002/2015
Price
$4,468,000
Price Per SF
$179
Cap Rate
8.50%
NOI
$379,746
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,500 SF
Building FAR
0.22
Lot Size
2.57 AC
Zoning
None
Parking
85 Spaces (3.4 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $4,349,149 | |
Land Assessment | $1,305,601 | Total Assessment | $5,654,750 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,305,601
Improvements Assessment
$4,349,149
Total Assessment
$5,654,750
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Unconventional Gas Solutions | 8448 N Sam Houston Pky W
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