27316 Spectrum Way | The Woodlands, TX 77385
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27316 Spectrum Way
The Woodlands, TX 77385
Office/Flex Opportunity in Houston MSA · Office Property For Sale
Investment Highlights
- Two building office located northwest of Houston near The Woodlands/Lake Conroe; voted “the best community to live” two years in a row.
- Prime access to I-45 and I-69 connecting Oak Ridge North to Houston and beyond.
- Excellent opportunity for a savvy investor to utilize the available space for own use or lease out.
- The Woodlands/Conroe Submarket is one of the most optimal locations for distributors serving north Houston.
Executive Summary
Excellent investor opportunity for owner occupant with approximately 12,000 SF of office space available for use or lease. Nearly 50% of the total space has been leased to third parties under term leases providing approximately $135,000 of cash flow per year. Additionally, there are NNN payments to cover half of the operational expenses of the property. Here is the opportunity to purchase a two building property that is generating cashflow. The property is listed both for sale and for lease.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Tenants option to buy property
Property Type
Building Size
23,000 SF
Building Class
B
Year Built
2015
Price
£2,677,392
Price Per SF
£116
Percent Leased
65%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
11,500 SF
Building FAR
0.39
Lot Size
1.34 AC
Zoning
None - M-2 (Medium Manufacturing). Intended for light manufacturing, assembling, fabrication, and business & service operations.
Parking
70 Spaces (3.04 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Fenced Lot
- Security System
- Signage
- Kitchen
- Accent Lighting
- EPC - A
- Reception
- Storage Space
- Bicycle Storage
- Central Heating
- Common Parts WC Facilities
- DDA Compliant
- Demised WC facilities
- Fully Carpeted
- High Ceilings
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Suspended Ceilings
- Wi-Fi
- Yard
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £2,991,236 | |
| Land Assessment | £565,198 | Total Assessment | £3,556,434 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£565,198
Improvements Assessment
£2,991,236
Total Assessment
£3,556,434
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