27316 Spectrum Way, Oak Ridge North, Spring, The Woodlands,
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27312 & 27316 Spectrum Way http://10x.com/spectrumway
- This property consists of 2 buildings totaling 23,254 total square feet; 1 one-story building (warehouse) and 1 two-story building (offices)
- Building is currently occupied by a single tenant with a long term lease, ending 7/31/2022.
- Current tenant base rent is $30,793.62 per month.
- Tenant manages over 100 MUD’s in Houston area
- In addition to base rent, tenant pays all net fees which include taxes, insurance, interior cleaning and landscaping maintenance, as well as a 3% management fee.
- Managed by a professional property management company.
- As of today, annual net rent is $369,523.00. Lease agreement includes rent increases occurring every two years.
- Blended cap rate over term is 8%.
- Lots of natural light and contemporary design.
- Built to suit tenants needs
- Conveniently located 2 miles from I-45 off of Robinson Rd.
Price: $ 4,700,000.00
Property Size: 23,254 total sq ft
Year Built: 2015