25200 Richards Rd - Schools FOR SALE


Spring, TX 77386- Porter Heights/Woodbranch
$3,125,000 USD
346-319-5955
25200 Richards Rd, Spring, TX for Sale
$3,125,000 USD
Schools - FOR SALE
1/11
null | 6% Cap Rate

25200 Richards Rd
Spring, TX 77386
Porter Heights/Woodbranch


HIGHLIGHTS

  • offered at a 6.0% cap

OVERVIEW

This is a commercial real estate investment opportunity offered at a 6.0% cap rate. Current tenant just renewed for an additional 10 years, NNN, with 3 year escalations. Lease expires April, 2034. Located in The Woodlands / Spring area, in Montgomery County, south Texas, this +- 1.5 acre property has a purpose built 7,930 SF commercial school, with 9,240 gross building area. Current real property owners also ran the educational business from 2014-2019, when they sold it to a third party, and leased the building to them. After the five year initial lease, they recently extended for an additional 10 years. This is an excellent opportunity for a commercial real estate investor to acquire real estate with an existing successfully operating tenant. Excellent location in a growing area in south Texas. Contact broker for showing.

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$395 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

6

APN/PARCEL ID

0350-00-02600

ASK ABOUT THIS PROPERTY

Transworld Business AdvisorsTransworld Business AdvisorsMore Info
346-319-5955

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Transworld Business AdvisorsTransworld Business AdvisorsMore Info
346-319-5955

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