8448 N Sam Houston Pky W - Office FOR SALE


Houston, TX 77064
$4,468,000 USD
510-289-1166
8448 N Sam Houston Pky W, Houston, TX for Sale
$4,468,000 USD
Office - FOR SALE
1/2
null | 8.5% Cap Rate

8448 N Sam Houston Pky W
Houston, TX 77064


HIGHLIGHTS

  • Rare 2% Annual Rent Increases
  • Benefits from Established Houston Oil & Gas Industry
  • Excellent Access with Frontage Along Beltway 8 (183,513 AADT)
  • Priced Below Replacement Cost
  • 23 Miles from Downtown Houston
  • No State Income Tax in Texas

OVERVIEW

The subject property is prominently located with excellent access and visibility adjacent to the Sam Houston Tollway (183,513 AADT) approximately 2.5 miles from Tomball Parkway/SR-249 (141,023 AADT) and approximately 4 miles from the US-240 arterial (210,098 AADT). The site benefits from robust demographics with a total daytime population of 322,984 and average household income of $95,678 within 5 miles of the property. The site benefits from a central location within James Place Business Park; other major tenants within the businesss park include Lennox, Salco Products, Inc., Brandt, NorAm Drilling, CMS Wireless, Rofson Associates, Scholastic Book Fairs, and more. Other major business tenants in the surrounding area include Amazon and Amazon Flex, The Home Depot Distribution Center, UPS, Premium Oilfield Technology, Iom, Advance Welding Services, Serta Simmons, and more. The property additionally benefits from proximity to numerous major retail centers, including Jones Square, anchored by Hobby Lobby and Walgreens; Steeplechase Center, featuring Ollie’s Bargain Outlet and dd’s Discounts; Eldridge Crossing, featuring Target, Walmart Supercenter, the Home Depot, Kroger, and Kohl’s; Willowbrook Plaza, with tenants including Costco, At Home, World Market, and PetSmart; the Commons at Willowbrook, featuring Sam’s Club, Academy Sports + Outdoor, Life Time Fitness, and Total Wine; and Willowbrook Mall, anchored by Macy’s. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$4,468,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unconventional Gas Solutions

PROPERTY TYPE

Office

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

None

APN/PARCEL ID

1238840010009

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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