Business Overview:
Now Available…Sale – Leaseback of high quality office condo in Houston Texas. The subject property is new, and features a concrete foundation with masonry/brick exterior, wood framing and composition roofing. The parking lot features concrete paving. The exterior has extensive landscaping, lighting and signage. The interior contains carpet and wood flooring, gypsum board walls, gypsum board ceilings, granite counter tops and excessive crown molding. The subject also contains central heating and cooling, wood cabinets and high efficiency energy items. Its located in one of Houston finest bedroom communities. The building is leased for five years with the possibility of increasing the term to seven years. The underlying lease is NNN and surrounding office market is very well leased. This condo is priced at $300,000 dollars and has current income that equates to a 9.5% return.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.