16850 Diana LnHouston, TX 77058

For Sale
$3,000,000

17,250 SF Creative Office, 9.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 17,250-square-foot creative office building in Houston, Texas, presents a compelling investment opportunity. Located at 16850 Diana Ln, 77058, this single-story, Class B building, constructed in 1983, sits on a 1.2-acre lot and boasts ample parking with 63 surface and 15 covered spaces (a 4.52:1,000 sq ft ratio). Currently 100% occupied by three tenants, the property offers a unique leaseback option. The seller is willing to lease back half of the building for a 10-year term (two consecutive 5-year terms), providing a built-in income stream for the new owner. This arrangement is ideal for securing financing through an SBA loan or maintaining existing tenants. The property is projected to yield a 9.5% capitalization rate at market rent, making it an attractive addition to any investment portfolio. There are no zoning restrictions. The asking price is $3,000,000. This is a gross lease.

Highlights

  • Updated 17,250 SF Class B creative office building for sale in Houston, TX.
  • Single-story building, constructed in 1983, situated on a 1.2-acre lot.
  • Ample parking: 63 surface spaces and 15 covered spaces (4.52/1000 SF).
  • Fully leased with three tenants; seller offering a 10-year leaseback option (two 5-year terms) on 50% of the building.
  • Projected 9.5% cap rate at market rent; $3,000,000 asking price.

Property Details for 16850 Diana Ln

Property type
Other office properties, Office space
Square Feet
17,250 SF
Class
B

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.5567238
Longitude
-95.1152891
16850 Diana Ln, Houston, Texas

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16850 Diana Ln
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