26410 Oak Ridge DrSpring, TX 77380

For Sale
$2,290,000

8,000 SF Office Building - 7.61% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 8,000-square-foot Class B office building, located at 26410 Oak Ridge Dr, Spring, TX 77380, presents a compelling investment opportunity. Built in 2016, this single-story structure boasts a desirable location in the Woodlands area, offering convenient access to major thoroughfares and amenities. Currently operating under a triple-net lease (NNN) agreement, the property features a multi-tenant occupancy of approximately 60%, with a diverse tenant base representing the insurance, financial, and medical sectors. The asking price is $2,290,000, translating to a price per square foot of $286.25 and an attractive 7.61% capitalization rate. The property is zoned for commercial use and offers significant potential for owner-occupancy, should the buyer desire. With 8,000 square feet of net rentable space, this property provides ample room for expansion or consolidation. The building is situated in Montgomery County and is expected to reach full occupancy by July 10, 2024. This is a rare opportunity to acquire a well-located, income-producing office building with strong potential for future growth. The property's diverse tenant mix ensures a stable income stream, making it an ideal investment for both seasoned and emerging investors.

Highlights

  • Excellent Woodlands location with owner-occupancy potential.
  • Strong tenant base: 60% occupancy by insurance, financial, and medical professionals.

Property Details for 26410 Oak Ridge Dr

Property type
Other office properties, Medical offices
Square Feet
8,000 SF
Class
B
Year Built
2016
Buildings
1
Stories
1

Location Insight

City
Spring
County
Montgomery
State
Texas
Latitude
30.1454739
Longitude
-95.4484098
26410 Oak Ridge Dr, Spring, Texas

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26410 Oak Ridge Dr
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