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Office

Copperfield Professional Center

7050 Lakeview Haven Dr, Houston, TX 77095

Listing Price: $3,270,000

Cap Rate
9.89%
Gross SF
28,859
Rentable SF
28,859
Price/Gross SF
$113.31
Lot Size
2.96 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale the Copperfield Professional Center, located at 7050-7066 Lakeview Haven Drive, near the intersection of Highway 6 and Spencer Road in Northwest Houston. The Subject Property features approximately 28,859 square feet of professional office space. The investment offering is listed for sale for $3,270,000, which provides an investor an un-leveraged return of a 9.89 percent CAP rate. With proposed financing, an investor may yield greater than a 15 percent Cash-on-Cash return. Copperfield Professional Center offers small businesses single, double, and multi-unit suites varying in size from 175 to 1,320 square feet. The beautiful masonry construction, well kept landscaping, quiet location and varying suite sizes make the property an attractive property for a variety of businesses. Industries featured at the Property include: Medical, insurance, non-profit, beauty, real estate, technology, consulting, financial services, religion, spa, and more. The diverse tenant mix, over 55 suites, staggered lease expiration dates, and replaceable rental rates allows for a future owner to reduce risk.

Investment Highlights

  • $100,000 Spent on New Roofs for Buildings 7050 and 7066 in 2020 (13,293 SF)
  • Attractive 9.89% CAP Rate & 16% Cash-on-Cash Return
  • Diverse Tenant Mix
  • Replaceable Rental Rate
  • Surrounded By Dense Residential and Commercial Population
  • Average Household Income of $65,292
  • 493,638 Population Within 5 Miles

Exclusively Listed By

Office

Copperfield Professional Center

Listing Price: $3,270,000

Cap Rate
9.89%
Gross SF
28,859
Rentable SF
28,859
Price/Gross SF
$113.31
Lot Size
2.96 acres
Year Built
1982

Investment Highlights

  • $100,000 Spent on New Roofs for Buildings 7050 and 7066 in 2020 (13,293 SF)
  • Attractive 9.89% CAP Rate & 16% Cash-on-Cash Return
  • Diverse Tenant Mix
  • Replaceable Rental Rate
  • Surrounded By Dense Residential and Commercial Population
  • Average Household Income of $65,292
  • 493,638 Population Within 5 Miles

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale the Copperfield Professional Center, located at 7050-7066 Lakeview Haven Drive, near the intersection of Highway 6 and Spencer Road in Northwest Houston. The Subject Property features approximately 28,859 square feet of professional office space. The investment offering is listed for sale for $3,270,000, which provides an investor an un-leveraged return of a 9.89 percent CAP rate. With proposed financing, an investor may yield greater than a 15 percent Cash-on-Cash return. Copperfield Professional Center offers small businesses single, double, and multi-unit suites varying in size from 175 to 1,320 square feet. The beautiful masonry construction, well kept landscaping, quiet location and varying suite sizes make the property an attractive property for a variety of businesses. Industries featured at the Property include: Medical, insurance, non-profit, beauty, real estate, technology, consulting, financial services, religion, spa, and more. The diverse tenant mix, over 55 suites, staggered lease expiration dates, and replaceable rental rates allows for a future owner to reduce risk.

Exclusively Listed By

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