Property Details
For Sale | Office Investment Property for Sale, Sugar Land/Missouri City Area
Approximately 9,200-SF office building off Highway 6 in Fort Bend County now available for sale. This cash flow positive investment property is currently 65% occupied with two tenants totaling 6,100 SF, with a 3,100-SF space available for a new owner’s office suite. Built in 2004 and renovated in 2017, the property sits on 0.96 acres and features four private offices, a conference room, bullpen area, reception/lobby and ample parking. Located in the middle of numerous master-planned communities, the property offers high visibility just off of heavily-traveled State Highway 6 and FM 1092 (Murphy Rd) in Missouri City, TX. Tenant rental rates range from $25.00 - $26.22/SF/Yr modified gross after escalation beginning 3/1/2021, with operating expenses of $4.92/SF/Yr. Sale Price: $2,675,000
±9,200 SF Office Building built in 2004 and renovated in 2017
Site: 0.96 Acres
65% Occupancy
Operating Expenses: $4.92/SF/Year
Parking Ratio: 4.2/1,000
Located near the NWC of Highway 6 and FM 1092 (Murphy Road)
Property is close to numerous master planned communities with high visibility from FM 1092
Two (2) HVAC units replaced in 2017
- Property TypeOffice
- Submarket
- Total Building Size3,200RSF
- Total Acres0.21
- Property ID2174034