713-748-9443
6776 Southwest Fwy, Houston, TX for Sale
Medical - FOR SALE
1/7
null | Request Cap Rate

6776 Southwest Fwy
Houston, TX 77074


HIGHLIGHTS

  • Income Potential: With rents below market rates, there's significant potential to increase rental income.
  • High Visibility: Next to a major highway, this building ensures easy access and great exposure for businesses that need thier own company sign.
  • 1031 Exchange Opportunity: The building presents a compelling opportunity for a 1031 exchange.

OVERVIEW

Excited to present a unique opportunity to acquire a prime commercial building with unparalleled visibility. This property, strategically located near a major highway, offers excellent exposure and branding potential for the future owner. This property presents a significant value-add opportunity, with current rents well below the sub-market average. The building is 87% occupied, with an average rent of $9 PSF Gross, compared to the market rate of $16-$18 PSF plus a share of electricity. Additionally, the 11,000 square feet of vacant space, currently used for storage and not listed on any platform, could generate an extra $100,000 in Net Operating Income (NOI). This is an excellent opportunity for both owner-occupiers and investors to maximize the property's potential. The Hilton hotel next door was recently sold to an investor and there are plans for a new Condominium/Office project. Also, a Brand new condominium belonging to Attorney General child support services was built in 2023 directly behind the building which only makes the land value appreciate. There is significant potential to increase rental income to over $1 million, comparable to similar properties such as 6420 Richmond Atrium / 2323 South Voss Atrium.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Atrium

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Telecom Hotel/Data Hosting, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

241

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,336 SF

ZONING

None

APN/PARCEL ID

1048490000014

ASK ABOUT THIS PROPERTY

Feysal EdrisEdris, llcMore Info
713-748-9443

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Feysal EdrisEdris, llcMore Info
713-748-9443

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