8118 Fry RdCypress, TX 77433
For Sale
$715,000
High-yield office condo, 9% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- $715,000 asking price for a Class A, 2,450 square foot office condominium.
- Located in Cypress, TX, at 8118 Fry Rd, Units 803 and 804.
- Features two units, totaling 2,450 square feet of net rentable space, currently 100% occupied by a single tenant.
- 9.00% cap rate with a $67,200 net operating income (NOI).
- Lease is a modified single-tenant lease commencing November 1, 2023, and expiring October 31, 2026, with 4% annual rent bumps.
Property Details for 8118 Fry Rd
- Property type
- Office properties
- Square Feet
- 2,450 SF
- Class
- A
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
- Units
- 2
Location Insight
- City
- Cypress
- County
- Harris
- State
- Texas
- Latitude
- 29.8975392
- Longitude
- -95.7175764
8118 Fry Rd, Cypress, Texas
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-yield office condo, 9% cap rate.
- Where is the office property located?
- The property is located at 8118 Fry Rd Cypress, TX.
- What is the asking price?
- The asking price for this property is $715,000.
- What are key features of this property?
- This property features: $715,000 asking price for a Class A, 2,450 square foot office condominium.; Located in Cypress, TX, at 8118 Fry Rd, Units 803 and 804.; Features two units, totaling 2,450 square feet of net rentable space, currently 100% occupied by a single tenant.
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