For Sale
$10,000,000

11921 Bissonnet St Houston, TX 77099

Prime Houston location, high NOI, strong tenant base.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional mixed-use property, Royal Center, located at 11921 Bissonnet St, Houston, Texas 77099, presents a compelling investment opportunity. Priced at $10,000,000, this 55,420 square foot building boasts a 4.53% cap rate and a Net Operating Income (NOI) of $452,707. The property features a diverse mix of 22 tenants operating under month-to-month leases, providing flexibility and potential for future income growth. Its prime location in Harris County offers excellent visibility from Bissonnet St and convenient access to major highways and public transportation, ensuring high traffic and accessibility. The strong demographic profile of the surrounding area, coupled with thriving businesses, guarantees a steady stream of potential customers. This owner-user investment opportunity is ideal for those seeking a stable return and long-term growth potential. The $180.44 price per square foot reflects the property's value and potential for appreciation. The building's prominent signage and diverse tenant mix contribute to its overall attractiveness and profitability. This is a rare chance to acquire a well-established, high-performing mixed-use asset in a dynamic Houston market.

Highlights

  • $10,000,000 asking price for a 55,420 SF mixed-use (office) property in Houston, TX.
  • 4.53% cap rate with a $452,707 NOI.
  • 22 tenants under month-to-month leases, generating $180.44/SF.
  • Prime location in Houston with high visibility from Bissonnet St and convenient access to major highways.
  • Strong tenant mix and investment potential in a bustling area with thriving businesses.

Property Details for 11921 Bissonnet St

Property type
Office properties, Mixed-use properties
Square Feet
55,420 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.674640927847
Longitude
-95.588418370125

FAQs

What type of property is this?
Office property - Prime Houston location, high NOI, strong tenant base.
Where is the office property located?
The property is located at 11921 Bissonnet St Houston, TX.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: $10,000,000 asking price for a 55,420 SF mixed-use (office) property in Houston, TX.; 4.53% cap rate with a $452,707 NOI.; 22 tenants under month-to-month leases, generating $180.44/SF.
How can I contact the broker?
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11921 Bissonnet St
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