OfficeParkway

SOLD 

Office Building For Sale  Across From Uptown ● Close to Park Cities 12,642 Sq Ft ● $110.74/SF-Building ● $1,400,000 1st Floor Leased to National Credit ● 2nd Floor Available

Profile:2-story multi-tenant office building, fully functional & professionally stylish with multiple offices and reception areas.  Ample parking. Trees. Location.

Acquisition Square Ft:Approximately 12,642 square feet gross. Situated on over half an acre – 26,669 sf ($52.50SF/Land).

Tenants:National non-profit credit on the first floor functioning  as administrative offices only.  The lease runs through 2013. Tenant wants longer term.  Second floor vacant.

Location:Directly adjacent to the new west village at Cityplace.  Close proximity to Uptown and Park Cities.  Minutes from Katy Trail.

Construction:Built in 1966 with building renovation in 2001. New HVAC.

Parking:Approximately 36 surface parking spaces which wrap around the building. 8 covered space included. 3.5:1000 parking coverage ratio.

Dynamics: Opportunity to lease top floor and occupy 6,230 sf for $13.75 sf at market value.  Investor opportunity to acquire property in key location on the upswing of Development and redevelopment.

Sales Price: $1,400,000  ($110.74 PSF/Building)

For Lease:$11.75 psf + E for 4,200 sf 2nd floor (top floor)