Office

3648 Cypress Creek Parkway

3648 Cypress Creek Pkwy, Houston, TX 77068

Listing Price: $3,800,000

Gross SF
61,280
Rentable SF
61,280
Price/Gross SF
$62.01
Lot Size
3.31 acres
Year Built
1978

Investment Overview

3648 Cypress Creek Parkway offers a growing tenant the opportunity to purchase and house their business in an immaculately maintained Class B+ two-story suburban office building located in the affluent northern suburbs of Houston. 3648 Cypress Creek Parkway is strategically on the Northeast corner of the lighted intersection of Cypress Creek Parkway and Walters Road. Cypress Creek Parkway is the major East-West 6 lane corridor connecting I-45 and Highway 249.

The asset provides an investor a true value-add opportunity with an occupancy of 26.6% thereby providing an investor tremendous upside for a future cash-on-cash return.

The two-story office Class B+ office building offers an owner/user or investor to purchase a suburban office building with quality common area finishes, updated restrooms, and a 22+ year history of stable ownership that has an eye and attention to detail. This outstanding property, strategically located along the Cypress Creek Parkway corridor, allows the next owner to reap the benefits of not only a well-located office building, but also, the owners attentiveness to its tenants. Such a track record has allowed ownership to retain a certain tenant for as long as 20 years.

The Property, only five minutes from the Champions area, offers tenants access to national, regional and local retailers such as Bed, Bath and Beyond, Hobby Lobby, Ross, The Container Store as well as the convenience of numerous restaurant favorites such as Lupe Tortilla, Pappadeauxs Cajun Seafood, La Madeleine that are available for local business and residents in this center of commerce for north Houston.

Investment Highlights

  • Largest Tenant has 20+ Year Occupancy History
  • 26.6% Leased = Ideal Owner/User Opportunity or Value-Add Investor Opportunity
  • Located near the affluent area of Champions Forest/Champions Golf Course
  • Must See to Appreciate
  • Stable Ownership History for Almost 23 Years
  • All Suites in Move-In Condition for Immediate Lease-Up

Exclusively Listed By

Financing By

Listing Price: $3,800,000

Gross SF
61,280
Rentable SF
61,280
Price/Gross SF
$62.01
Lot Size
3.31 acres
Year Built
1978

Investment Highlights

  • Largest Tenant has 20+ Year Occupancy History
  • 26.6% Leased = Ideal Owner/User Opportunity or Value-Add Investor Opportunity
  • Located near the affluent area of Champions Forest/Champions Golf Course
  • Must See to Appreciate
  • Stable Ownership History for Almost 23 Years
  • All Suites in Move-In Condition for Immediate Lease-Up

Investment Overview

3648 Cypress Creek Parkway offers a growing tenant the opportunity to purchase and house their business in an immaculately maintained Class B+ two-story suburban office building located in the affluent northern suburbs of Houston. 3648 Cypress Creek Parkway is strategically on the Northeast corner of the lighted intersection of Cypress Creek Parkway and Walters Road. Cypress Creek Parkway is the major East-West 6 lane corridor connecting I-45 and Highway 249.

The asset provides an investor a true value-add opportunity with an occupancy of 26.6% thereby providing an investor tremendous upside for a future cash-on-cash return.

The two-story office Class B+ office building offers an owner/user or investor to purchase a suburban office building with quality common area finishes, updated restrooms, and a 22+ year history of stable ownership that has an eye and attention to detail. This outstanding property, strategically located along the Cypress Creek Parkway corridor, allows the next owner to reap the benefits of not only a well-located office building, but also, the owners attentiveness to its tenants. Such a track record has allowed ownership to retain a certain tenant for as long as 20 years.

The Property, only five minutes from the Champions area, offers tenants access to national, regional and local retailers such as Bed, Bath and Beyond, Hobby Lobby, Ross, The Container Store as well as the convenience of numerous restaurant favorites such as Lupe Tortilla, Pappadeauxs Cajun Seafood, La Madeleine that are available for local business and residents in this center of commerce for north Houston.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower