Office

Pinemont Professional Center

6110 Pinemont Dr, Houston, TX 77092

Listing Price: $1,050,000

Cap Rate
5.08%
Gross SF
19,685
Rentable SF
19,685
Price/Gross SF
$53.34
Lot Size
1.19 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present Pinemont Professional Center in Houston, Texas. The property is a multi-tenant office building located at the corner of Pinemont Drive and Arbor Vitae Drive, minutes from Highway 290 and the 610 Loop. The building was constructed in 1980 and is situated on 33,060 SF lot. The property includes 18,905 SF lot that provides parking and access along Arbor Vitae Drive and 19,162 SF lot for additional/over flow parking on Pinemont Drive.

Pinemont Professional Center is an excellent value-add investment opportunity. Double digit returns can be realized by establishing new NNN leases with current tenants and by leasing the remaining space. This building is also positioned to be well received by owner users looking to offset debt service payments through rent collections. Reduced commute times, public transportation options, and easy access to highways make its suburban location appealing.

Investment Highlights

  • Significant Upside Opportunity | 61 Percent Available For Lease
  • Conveniently Located Near Highway 290 and 610 Loop
  • Well-Maintained Property
  • Suburban Location | Shorter Commute | Public Transportation
  • 19,162 SF Over Flow Parking Area
  • 18,905 SF Parking Lot

Exclusively Listed By

Office

Pinemont Professional Center

Listing Price: $1,050,000

Cap Rate
5.08%
Gross SF
19,685
Rentable SF
19,685
Price/Gross SF
$53.34
Lot Size
1.19 acres
Year Built
1980

Investment Highlights

  • Significant Upside Opportunity | 61 Percent Available For Lease
  • Conveniently Located Near Highway 290 and 610 Loop
  • Well-Maintained Property
  • Suburban Location | Shorter Commute | Public Transportation
  • 19,162 SF Over Flow Parking Area
  • 18,905 SF Parking Lot

Investment Overview

Marcus & Millichap is pleased to present Pinemont Professional Center in Houston, Texas. The property is a multi-tenant office building located at the corner of Pinemont Drive and Arbor Vitae Drive, minutes from Highway 290 and the 610 Loop. The building was constructed in 1980 and is situated on 33,060 SF lot. The property includes 18,905 SF lot that provides parking and access along Arbor Vitae Drive and 19,162 SF lot for additional/over flow parking on Pinemont Drive.

Pinemont Professional Center is an excellent value-add investment opportunity. Double digit returns can be realized by establishing new NNN leases with current tenants and by leasing the remaining space. This building is also positioned to be well received by owner users looking to offset debt service payments through rent collections. Reduced commute times, public transportation options, and easy access to highways make its suburban location appealing.

Exclusively Listed By

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