The owner of these properties will finance the sale.
Business complex in Spring, TX totaling six lots on two parallel streets with three lots on Sunshine Lane and three lots on Sleepy Hollow Lane making a square of 52,825 sq ft providing ability to drive through street to street, if desired. This property is located between FM 2920 on the North side; I-45 on the East side; Louetta Road on the south side; and Holzwarth Road on the West side. Banks; Post Office; Restaurants; Religious Church's; hardware and grocery stores etc. are close by. Fully leased, these properties have recently produced $10,450 rent per month.
20817 Sunshine Lane has three lots with a well maintained 4000 sq ft one story brick office building and concrete parking lot with twenty parking spaces. The interior of the building has ceramic tile floors in common areas and vinyl wood flooring in the high-ceilinged offices. There are six separate executive offices and two large open space rooms; reception area; kitchen and two spacious rest rooms. The property includes a commercial aerobic system and a 5000-gallon fire hydrant tank, both State and County approved and installed within last five years. A new roof was installed, and the three zoned HVAC was upgraded within the last six years. Fire and security cameras are in place. This property is well suited for marketing, educational and or professional use. Recently leased for past five years at $6000 per month.
The three lots on the parallel street, Sleepy Hollow Lane, has three rental buildings: A 1156sf frame building; a 1069sf garage office and, a 1840sf metal building with attached 1380sf commercial canopy (3220 total sf).
20810 Sleepy Hollow Lane is on two lots measuring 65.5 ft X 107.3 ft overall. Main building is 24.1 ft. X 48 ft. (1156 sf) framed pier and beam and a 24 ft X 48 ft framed garage/office listed as 20810A. The primary structure consists of three large rooms; bath and half; entry way and kitchen. A new roof and HVAC system were installed less than five years ago. There is a paved driveway to the primary structure and to the garage-office. Currently leased at$1800 month.
20810A Sleepy Hollow Lane us a stand-alone nominal 1069sf garage- office. The 525 sf HVAC airconditioned office consists of three rooms with half-bath. anew roof and HVAC system was installed less than five years ago. The office is leased to a marketing company at $500.00 per month.
20814 Sleepy Hollow Lane occupies one 53.67ft. X 164.40ft. lot with one insulated 40ft X 46ft X 12 ft. metal building with a 30ft. X 46ft. X 12ft. commercial canopy attached. Building has one 10ft. X 10ft. overhead door and one steel entrance door. The building is finished with epoxy painted floor and 3/4-inch insulated panels on the walls, ceiling and overhead door. (Canopy has concrete floor). There are two finished insulated offices with air conditioning and vinyl flooring. Remainder of the nominal 54 ft. X 164 ft. lot is gravel based for parking. The property is leased to an automotive repair company. Monthly rent is $2150.
TERMS OF SALE
SIX LOT BUSINESS COMPLEX
20817 Sunshine Lane & 20810-14 Sleepy Hollow Lane, Spring, TX 77340
OWNER FINANCED
The terms of sale are shown below:
The property is listed at $1,750,000.00 for all six lots and buildings therein.
Owner financing will be as follows:
20% down payment
$350,000.00
$1,400,000 @7.50 % amortized with 30 year note with ten year balloon, (120) payments, compounded annually
$9789.08 monthly
No early pay provision
Balance: $225,310.40
Commission for the sale of this six lot business complex at 20817
Sunshine Lane and 20810-14 Sleepy Hollow Lane with the buildings therein,
will be 6% ($21,000) of the down payment. The sales price is not a commissionable
number.