Two Leased Buildings in Conroe

2 Office Properties Offered at $850,000 in Multiple Locations

INVESTMENT HIGHLIGHTS

  • Investment package includes two free-standing office buildings that are currently leased as insurance offices.
  • Currently leased to a national insurance company through November 2026, with an option to renew.

EXECUTIVE SUMMARY

Rare opportunity to purchase two fully leased office buildings in densely developed areas. Leased by a national company with options to renew and upside potential on renewal rates. Current CAP is 7.68% combined. Projected CAP rate upon renewal in 2026 is 10+ CAP.
Building 1 - 2204 Sun Park Dr Conroe, TX
- 1,704 SF on 14,766 SF lot
- Brick construction with fully paved parking lot
- Located .5 miles east of I-45 and just north of W Cartwright Rd, in a high traffic retail area
Building 2 - 2610 Pasadena Blvd Pasadena, TX
- 3,985 SF on 14,201 SF lot
- Brick construction with fully paved parking lot
- Located just over 1 mile west of Beltway 8 at the corner of Pasadena Blvd & Purdue with access from both streets

PROPERTY FACTS

Price $850,000
Price / SF $149.41 / SF
Cap Rate 7.68%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 5,689 SF
Total Land Area 0.67 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
2610 Pasadena Blvd, Pasadena, TX 77502 Office 3,985 SF 1984 -
Southern Group Insurance and Mortgage
2204 Sunpark Dr, Conroe, TX 77303
Office 1,704 SF 1984 -
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  • Listing ID: 34678131

  • Date on Market: 1/31/2025

  • Last Updated:

  • Address: Two Leased Buildings in Conroe, Pasadena, TX