13615 Kluge Rd - Loft/Creative Space FOR SALE


Cypress, TX 77429
$3,275,000 USD
713-230-8882
13615 Kluge Rd, Cypress, TX for Sale
$3,275,000 USD
Loft/Creative Space - FOR SALE
1/5
null | 7% Cap Rate

13615 Kluge Rd
Cypress, TX 77429


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,275,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kluge Lakes Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

F1

APN/PARCEL ID

1366070010001

ASK ABOUT THIS PROPERTY

Joshua JacobsThe Blue Ox GroupMore Info
713-230-8882

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Joshua JacobsThe Blue Ox GroupMore Info
713-230-8882

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.