For Sale
$2,495,000

1824 Sawdust Rd Spring, TX 77380

High-yield Texas office investment.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents two single-story, Class B office buildings totaling 6,300 square feet situated on a 1.8-acre lot in Spring, Texas. The property boasts a prime location on Sawdust Road, a signalized corner offering excellent visibility. Currently 100% occupied with a multi-tenant lease structure, the complex generates a substantial $14,000 monthly gross income ($144,959 annual NOI), representing a compelling 5.81% capitalization rate. Building 1 encompasses 3,300 square feet, while Building 2 offers 3,000 square feet. Lease terms include three years remaining on one lease and six months on another, with an option to extend. The property features desirable amenities such as remote-controlled gates, monitored security, professional signage, and convenient access to The Woodlands amenities, Hardy Toll Road, I-45, and the Grand Parkway. This is a turnkey investment with strong cash flow and significant upside potential. The asking price is $2,495,000. The property is located at 1824 Sawdust Rd, Spring, TX 77380, in Montgomery County.

Highlights

  • $2,495,000 asking price for a 6,300 square foot office property.
  • Class B, multi-tenant office building with a 5.81% cap rate.
  • 100% occupancy generating a Net Operating Income (NOI) of $144,959.
  • Two one-story buildings totaling 6,300 square feet on a 1.8-acre lot in Spring, Texas.
  • Located on a signalized corner of Sawdust Rd with excellent visibility, offering easy access to major roadways.

Property Details for 1824 Sawdust Rd

Property type
Office properties
Square Feet
6,300 SF
Class
B
Buildings
2
Stories
1
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Spring
County
Montgomery
State
Texas
Latitude
30.1269644
Longitude
-95.4715145

FAQs

What type of property is this?
Office property - High-yield Texas office investment.
Where is the office property located?
The property is located at 1824 Sawdust Rd Spring, TX.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: $2,495,000 asking price for a 6,300 square foot office property.; Class B, multi-tenant office building with a 5.81% cap rate.; 100% occupancy generating a Net Operating Income (NOI) of $144,959.
How can I contact the broker?
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1824 Sawdust Rd
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