6420 Hillcroft Ave
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6420 Hillcroft Ave
50,640 SF 64% Leased Office Building Houston, TX 77081 £3,286,290 (£65/SF) 6% Net Initial Yield
Investment Highlights
- Within close proximity of the Texas Medical Center, Galleria, Downtown and Hobby Airport
- Minutes from 59 and 610 and a short distance to the Galleria and Houston Hobby Airport
- Convenient access to Houston's major employment centers and is highly accessible for incoming visitors.
- Minutes from 59 and 610 and a short distance to the Galleria and Houston Hobby Airport
Executive Summary
Motivated Seller! We are also currently leasing. Possible Assumable Loan! Owner is currently adding over $1M in updates which includes the parking lot. The building is undergoing a lease up. Great opportunity to take over at an excellent CAP Rate. Tenants on a month to month under market rent. Bring ALL Offers
Data Room Click Here to Access
- Market Information
- Miscellaneous
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
50,640 SF
Building Class
C
Year Built
1966
Price
£3,286,290
Price Per SF
£65
Net Initial Yield
6%
NOI
£197,177
Percent Leased
64%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
11,160 SF
Building FAR
1.13
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
None
Parking
3.6 Spaces per 1,000 SF Leased
Amenities
- Property Manager on Site
- Restaurant
- Signage
- Recessed Lighting
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
- -
The Alliance creates opportunities for refugees, immigrants, and underserved residents to achieve their goals for self-sufficiency and improve their quality of life.
- Veronica Romera
- Service type
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | - | |
| Veronica Romera | Service type | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 10,000 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,000 SF | Office | - | Now |
1st Floor
| Size |
| 10,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 0930220000001 | Improvements Assessment | £1,041,337 (2023) |
| Land Assessment | £526,593 (2023) | Total Assessment | £1,567,930 (2023) |
PROPERTY TAXES
Parcel Number
0930220000001
Land Assessment
£526,593 (2023)
Improvements Assessment
£1,041,337 (2023)
Total Assessment
£1,567,930 (2023)
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6420 Hillcroft Ave
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