https://dl.dropboxusercontent.com/u/51808118/ColliersAttachments/8901Gaylord/8901Gaylord.jpg

Owner/User opportunity located at 8901 Gaylord Street, Houston, Texas.  This two-story, class “A” office building built in 2009 and comprising 26,000 SF of net rentable area, currently has 12,505 SF available (the entire 1st floor), for the first time since construction.

 

This represents a unique opportunity for a user to occupy this class A boutique office building in an irreplaceable location.  Excellent condition with high end finishes throughout.

 

https://dl.dropboxusercontent.com/u/51808118/ColliersAttachments/8901Gaylord/DSC_0174.JPG

  • Opportunity to purchase and relocate offices to a class A office building and earn 6.5% return
  • Stable cash flow, no deferred maintenance, quality location in highly sought after Katy Freeway market 
  • Rental rates for the existing 2nd floor tenants are currently $5 - $7/SF below market
  • Total Building Area: 26,000 SF
  • Site: 1.17 Acres
  • Occupancy: 50%
  • Parking: 76 surface spaces (3.0/1,000 Ratio)
  • Sales Price: $8,740,000