Investment Overview

16903 Red Oak Dr, aka Red Oak South, is a well-maintained office asset nestled in a quiet environment only two blocks South of Cypress Creek Parkway. Red Oak South, strategically located only five minutes from the Houston Northwest Medical Center, allows immediate access to multiple medical service providers, including the national healthcare provider, HCA Houston Care Northwest Hospital (https://hcahoustonhealthcare.com) on Red Oak Drive. Additionally, this professional two-story office building is near a variety of restaurants and various shopping destinations, banks, and lodging. Red Oak South, currently 54 percent leased, is the ideal value-add opportunity for investors or an office or physician owner/occupier. Additionally, the property offers an investor to take a two-pronged approach to leasing; lease to small business owners and start-ups needing one office (today’s popular executive office suite approach) or lease to small business owners and medical tenants needing small suites of up to say 1,000- 1,500 RSF. This leasing approach allows an investor greater diversification among its tenant base and removes much of the lease risk by leasing to small tenants versus large tenants. At only $50.20/RSF or $2,500,000, an investor or owner/occupier has little downside and tremendous upside to increase value by leasing up the balance of the vacancy. Such pricing is significantly below today’s replacement cost for a similar-style office building.