10320 Lake Rd Houston, TX 77070

This exceptional investment opportunity presents a well-maintained, multi-tenant NNN office building in Houston, Texas. The property, located at 10320 & 10326 Lake Rd, comprises two single-story buildings totaling 12,000 net rentable square feet, constructed in 2007 and 2011. Featuring concrete tilt-wall construction, perimeter fencing, and automatic gates, the property offers eight individual leaseable units, currently 62.5% occupied. Five units are under lease, with the majority having terms of three years or more, providing immediate cash flow. The three vacant units present a significant opportunity to increase occupancy and boost the property's value. The property's versatile zoning (Office/Retail) allows for a variety of uses, making it ideal for both investors and owner-occupants. The asking price is $3,558,000, representing a price per square foot of $296.50 and a price per unit of $444,750. The property boasts a strong Net Operating Income (NOI) of $197,472, resulting in a 5.55% cap rate. Its prime location, approximately one mile from the Hewlett Packard Campus and the University of Houston's Northwest and Lonestar Campuses, and within two miles of St. Luke's Hospital at The Vintage, ensures high visibility and accessibility. Furthermore, its proximity to major retail establishments, including Chick-fil-A, Home Depot, Target, Whole Foods, Chipotle, and HEB, adds to its desirability. The 1.48-acre lot size provides ample space and potential for future expansion. This is a compelling investment opportunity with significant upside potential. The property is offered as an individual ownership and is suitable for a 1031 exchange.