1308 Kingwood Dr Houston, TX 77339

Property Details for 1308 Kingwood Dr

Year built

1983

Construction

STEEL FRAME

Lot size

0.11 lot acres

Property size

4,750 SF

Property type

Office buildings

APN

1152860000140

APU

1152860000140

Description

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.

Location Insight

City

Humble

County

Harris

State

Texas

Longitude

-95.2365

Latitude

30.049

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments