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
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 |
|---|---|---|---|---|
|
Southern Group Insurance and Mortgage
2204 Sunpark Dr, Conroe, TX 77303 |
Office | 1,704 SF | 1984 | - |
| 2610 Pasadena Blvd, Pasadena, TX 77502 | Office | 3,985 SF | 1984 | - |
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