16850 Diana Lane Houston, TX 77058

Building Details

Year Built

1983

Listing agency KW Commercial Houston Clear Lake j***@kw.com Show Phone

Listed by Jeff George · License #0463308 Show Phone

Source Realnex

Added: May 20, 2024 Updated: Jul 6 at 12:19PM Checked: Jul 6 at 12:19PM

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Investment Insights

Based on property information with market context.

This single-story office building, constructed in 1983, is located in Houston, Texas. The property is rated as a 3-Star building and has no zoning restrictions. The owner is willing to lease back half of the building for a term of 10 years, consisting of two 5-year terms. This arrangement allows a new owner to lease out or occupy the remaining space, potentially qualifying for an SBA loan. The property is currently fully leased and is projected to generate approximately a 9.5% capitalization rate at fair market rental rates.

Key Highlights

• Projected 9.5% capitalization rate at fair market rental rates.
• Owner willing to lease back half of the building for 10 years (two 5‑year terms).
• Opportunity to lease out or occupy remaining space to qualify for an SBA loan.

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FAQs

What type of property is this?

Office building - Single-story office building with leaseback opportunity in Houston, Texas.

Where is this office building located?

The property is located at 16850 Diana Lane Houston, TX.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Projected 9.5% capitalization rate at fair market rental rates.; Owner willing to lease back half of the building for 10 years (two 5‑year terms).; Opportunity to lease out or occupy remaining space to qualify for an SBA loan.