616 FM 1960 Rd W - Office FOR SALE


Houston, TX 77090- Cypress Station
$31,555,801 USD
832-961-7777
616 FM 1960 Rd W, Houston, TX for Sale
$31,555,801 USD
Office - FOR SALE
1/21
null | 6.5% Cap Rate

616 FM 1960 Rd W
Houston, TX 77090
Cypress Station


HIGHLIGHTS

  • Strategically located in Houston
  • Impressive 95% occupancy rate

OVERVIEW

Introducing a prime investment opportunity, the 142,194 SF 616 FM 1960 W Rd Office Building features 255 units, making it an ideal asset for office building investors. Built in 1982 and recently renovated in 2022, this strategically located property offers a solid occupancy rate, providing a stable income stream for savvy investors. Zoned commercial, this impressive office building presents strong potential for long-term tenancy stability and value appreciation in the thriving Houston market. With its substantial size, prime location, and impressive occupancy rate, this property stands as a lucrative and promising investment opportunity for discerning investors seeking a foothold in Houston's commercial real estate landscape.

FOR SALE DETAILS

PRICE

$31,555,801 USD

PRICE/SF

$222 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

A

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

628

LAND DETAILS

LAND ACRES

6.39 AC

LAND SF

278,348 SF

ZONING

-

APN/PARCEL ID

1082270000004

ASK ABOUT THIS PROPERTY

Mark NoorColdwell Banker Commercial UniversalMore Info
832-961-7777

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Mark NoorColdwell Banker Commercial UniversalMore Info
832-961-7777

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