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Office Warehouse

Spring Business Park

20625 Louetta Glen Rd, Spring, TX 77388

Listing Price: $2,818,570

Cap Rate
7.00%
Gross SF
18,500
Price/Gross SF
$152.36
Lot Size
1.58 acres
Year Built
2020
Rentable SF
18,500

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Spring Business Park, located at 20625 Louetta Glen Road in Spring, Texas. This industrial office warehouse complex was built in 2020 and features 18,500 square feet of leasable area between two buildings located on 1.58 acres.   Spring Business Park is 100 percent occupied, accommodating three tenants under NNN lease terms. Braniak Gym is the largest tenant at the business park, whose business boasts 2,500 members. Due to growth in membership, Braniak Gym has expressed desire to expand if more space were to become available at the business park.  The property’s composition of tenants and a desirable office/warehouse product to new tenants in the future makes this property’s risk profile low. Similar office warehouse properties in this submarket are on average full or almost fully occupied, evidencing strong demand for office warehouse space in the area.  Spring Business Park’s location provides easy access to Hardy Toll / I-45 / BW 8 / Grand Parkway. Additionally, the property is in close proximity to Bush Intercontinental Airport and The Woodlands. Within a five-mile radius, the population is 254,667 comprising an average household income of $96,380.

Investment Highlights

  • • Stabilized - 100 Percent Occupied
  • • Industrial Office Warehouse Space is in High Demand in Submarket
  • • Braniak Gym Has 2,500 Members and Continues to Grow
  • • Recent 2020 Construction
  • • Average Household Income of $97,071 Within Three Miles

Exclusively Listed By

Office Warehouse

Spring Business Park

Listing Price: $2,818,570

Cap Rate
7.00%
Gross SF
18,500
Price/Gross SF
$152.36
Lot Size
1.58 acres
Year Built
2020
Rentable SF
18,500

Investment Highlights

  • • Stabilized - 100 Percent Occupied
  • • Industrial Office Warehouse Space is in High Demand in Submarket
  • • Braniak Gym Has 2,500 Members and Continues to Grow
  • • Recent 2020 Construction
  • • Average Household Income of $97,071 Within Three Miles

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Spring Business Park, located at 20625 Louetta Glen Road in Spring, Texas. This industrial office warehouse complex was built in 2020 and features 18,500 square feet of leasable area between two buildings located on 1.58 acres.   Spring Business Park is 100 percent occupied, accommodating three tenants under NNN lease terms. Braniak Gym is the largest tenant at the business park, whose business boasts 2,500 members. Due to growth in membership, Braniak Gym has expressed desire to expand if more space were to become available at the business park.  The property’s composition of tenants and a desirable office/warehouse product to new tenants in the future makes this property’s risk profile low. Similar office warehouse properties in this submarket are on average full or almost fully occupied, evidencing strong demand for office warehouse space in the area.  Spring Business Park’s location provides easy access to Hardy Toll / I-45 / BW 8 / Grand Parkway. Additionally, the property is in close proximity to Bush Intercontinental Airport and The Woodlands. Within a five-mile radius, the population is 254,667 comprising an average household income of $96,380.

Exclusively Listed By

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