1308 Kingwood Dr Houston, TX 77339
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High-Income Area, 100% Occupied
Property size:
4,650 SFProperty Features for 1308 Kingwood Dr
General Information
- Property type
- Medical Office Space
- Square Feet
- 4,650 SF
Listing Agency: McAlpine Interests Listing Agent: Adam Mcalpine
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 4,650 square foot, Class B medical office building located at 1308 Kingwood Drive in Humble, Texas, within Harris County. The property, built in 1983, is currently 100% occupied by a single tenant psychiatry and counseling firm under a modified lease commencing May 5, 2017. The building boasts a glass exterior and is part of a five-building business park, offering a convenient 4.49:1,000 parking ratio within a shared lot. The asking price is $800,000, translating to $172.04 per square foot. Annual rent is $20.00 per square foot, with a $0.50 annual increase. The property enjoys a prime location on Kingwood Drive, one of Kingwood's main east-west thoroughfares, providing easy access to Interstate 69/Highway 59. Its proximity to George Bush Intercontinental Airport, Beltway 8, and the Grand Parkway/State Highway 99 enhances its accessibility. The surrounding area offers various restaurants, retail establishments, and other medical facilities. The property's strong tenancy and desirable location make it an attractive investment with a pro-forma NOI of $61,073. The net rentable square footage is 465 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.236700715018
- Latitude
- 30.049052054278
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FAQs
What type of property is this?
Medical Office Space - High-Income Area, 100% Occupied
Where is this medical office space located?
The property is located at 1308 Kingwood Dr Houston, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,650 SF Class B medical office building in Humble, TX.; 100% occupied by a single tenant under a modified lease.; Asking price: $800,000 ($172.04/SF).
