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Kluge Lakes Center 13615 Kluge Rd

13,500 SF 100% Leased Office Building Cypress, TX 77429 £2,583,975 (£191/SF) 7% Net Initial Yield

Investment Highlights

  • PHASE II VALUE-ADD DEVELOPMENT OPPORTUNITY
  • DENSE RESIDENTIAL NODE
  • HIGHLY DESIRABLE TRADE AREA WITH STRONG DEMOGRAPHICS
  • STRONG INTERNET RESISTANT TENANT MIX

Executive Summary

Kluge Lakes Center is a 100% leased multi-tenant investment opportunity located at the northeast quadrant of Kluge Rd & Huffmeister Rd in Cypress, TX (Houston MSA). The center is comprised of an internet resistant tenant mix providing service and fitness offerings to the immediate and surrounding areas. Additionally, there is a potential Phase II development opportunity with the additional land included in the sale to add approximately ±8,000- 9,000 SF to increase the GLA. Reposition on-site detention to accommodate for additional parking requirement if additional square footage is added.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
13,500 SF
Building Class
B
Year Built
2015
Price
£2,583,975
Price Per SF
£191
Net Initial Yield
7%
NOI
£180,878
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
13,500 SF
Building FAR
0.16
Land Acres
1.97 AC
Zoning
F1
Parking
49 Spaces

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Courtyard
  • Signage
  • Kitchen
  • Central Heating
  • High Ceilings
  • Natural Light
  • Reception
  • Air Conditioning
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PROPERTY TAXES

Parcel Number 1366070010001 Improvements Assessment £1,405,936
Land Assessment £108,379 Total Assessment £1,514,315

PROPERTY TAXES

Parcel Number
1366070010001
Land Assessment
£108,379
Improvements Assessment
£1,405,936
Total Assessment
£1,514,315
(713) 230-8882

  • Listing ID: 33745027

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 13615 Kluge Rd, Cypress, TX 77429

The Office Property at 13615 Kluge Rd, Cypress, TX 77429 is currently available For Sale. Contact The Blue Ox Group for more information.

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13615 Kluge Rd, Cypress, TX for sale Building Photo- Image 1 of 6
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13615 Kluge Rd, Cypress, TX for sale Building Photo- Image 2 of 6
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© 2024 CoStar Group

Kluge Lakes Center | 13615 Kluge Rd
(713) 230-8882 x

Kluge Lakes Center | 13615 Kluge Rd

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Joshua Jacobs

(713) 230-8882

(713) 230-8882

Tripp Kimball

(713) 324-8862

(713) 324-8862

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