exclusive multifamily offeringexclusive office …
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EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE OFFICE OFFERING
OFFERING SUMMARYSubmit Offer
62,538
1982
2.73 acre(s)
PriceRentable SFYear BuiltLot SizePrice/SF TBD
WILLOW PLACE OFFICE BUILDING8223 WILLOW PLACE DR SHOUSTON, TX 77070
§ 62,538 SF 2-story office building
§ One block from Highway 249 and Cypress Creek Parkway
§ Fully gated campus with electronic gate access
§ 4.2/1000 Parking Ratio Includes 261 covered and uncovered parking spots
§ 20 minutes to Bush Intercontinental Airport and 10 minutes to the GrandParkway
§ Warm inviting 2-story skylight interior atrium
INVESTMENT HIGHLIGHTS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0040138 Property ID: 2831552)
Texas Real Estate Commission Consumer Protection Notice: https://www.trec.texas.gov/sites/default/files/pdf-forms/CN%201-2.pdfTexas Real Estate Commission Information About Brokerage Services: https://www.trec.texas.gov/sites/default/files/pdf-forms/IABS%201-0.pdf
FEMA (GSA Lease) has renewed their lease, effective September 5, 2018 for an additional three (3) years with an option to terminate their lease anytime after month eighteen (18) with ninety (90) days prior written notice. Based on the balance of 2018 and 2019 forecasted operating expenses, the anticipated Annual Net Operating Income is expected to be $1,002,621. Therefore, an investor has the potential to realize up to $3,007,863 in Net Operating Income over the three (3) year lease period or as much as $1,503,932 if FEMA remained only for eighteen (18) months. Such an income stream affords an investor an opportunity to capitalize on a unique investment opportunity.
Price/SF
Occupancy 100%
EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE OFFICE OFFERING
101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010
WILLOW PLACE OFFICE BUILDING8223 WILLOW PLACE DR SHOUSTON, TX 77070
EXPENSES
CAM $401,609 $6.42
Real Estate Taxes $160,082 $2.56
Insurance $17,635 $0.28
Management Fee $48,926 $0.78
Total Expenses $628,252 $10.05
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.© 2018 Marcus & Millichap. All rights reserved. (Activity ID: Z0040138 Property ID: 2831552)