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Office

Offices at The Rock

13145 Spring Cypress Rd, Cypress, TX 77429

Listing Price: $3,512,000

Cap Rate
6.75%
Rentable SF
11,104
Lot Size
0.94 acres
Year Built
2021

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale a 100 percent leased stabilized fee simple interest in Offices at The Rock along Spring Cypress Road in Cypress, Texas. Located in the far Northwest area of the Houston, Texas MSA, Cypress is one of the most rapidly growing areas in Harris County. Cypress is home to Bridgeland (https://www.bridgeland.com) a Howard Hughes Master-Planned Community and Towne Lake (https://townelaketexas.com) an adjacent Master-Planned Community developed by Caldwell Companies a premier residential and commercial developer based in Cypress, Texas. This 100 percent leased, newly completed office investment opportunity is located on Spring Cypress Road (a major East-West artery) between North Eldridge Parkway, a major North-South artery, and Grant Road. The property, only five minutes from Highway 249, provides direct access to not only the Grand Parkway (Highway 99) to the north, but also the N. Sam Houston Parkway aka Beltway 8 to the south. Both Highway 99 (not 100% completed) and Beltway 8 are outer rings that circle the greater Houston MSA and allow the population to move more easily around the Houston area. Nestled in the Northwest quadrant of Houston, the population of the area, fondly known as Cy-Fair, is one of the largest communities in Northwest Houston. Cy-Fair encompasses 186 square miles and includes Cypress and the city of Jersey Village. The population of the area has increased over 50 percent (since 2000) to nearly three quarters of a million people. To put that in perspective, if the Cy-Fair area were a city, it would be in the top 20 largest cities in the United States. Only 24 miles from the heart of downtown Houston, the property’s surrounding areas are expanding rapidly and include a population of over 190,000 within a 5-mile radius. Area shopping amenities include Vintage Park, Houston Premium Outlets, Traders Village and Willowbrook Mall. Cy-Fair is a dynamic area with a population of approximately 800,000. Business-friendly regulations and attitude make this area prime for business start-ups and relocations. The region offers a pro-business culture with a diversified work force and educational institutions to influence industries of tomorrow. Along with a business-friendly environment, the Cy–Fair area offers a low cost of living and an abundance of land and space. The region has attracted a vast array of businesses which include small to medium size organizations to Fortune 500 Corporations. Major industries in the area include manufacturing, construction, oil & gas, education, health services, and professional. Offices at The Rock tenant base includes local and regional companies. The investment allows an investor not only a unique entry opportunity to invest in a newly completed stabilized office complex in the greater Houston MSA, but also realize an excellent return of 13.85 percent from day one.

Investment Highlights

  • Three (3) One-Story Class A Office Buildings
  • Stone and Brick Exterior with Standing Seam Metal Roofs
  • 100% Leased From Day of Closing
  • Diversified Tenant Base of Five (5) Tenants
  • Annual Rental Increases Incorporated in All Leases
  • 13.85% Return From Day One

Exclusively Listed By

Financing By

Office

Offices at The Rock

Listing Price: $3,512,000

Cap Rate
6.75%
Rentable SF
11,104
Lot Size
0.94 acres
Year Built
2021

Investment Highlights

  • Three (3) One-Story Class A Office Buildings
  • Stone and Brick Exterior with Standing Seam Metal Roofs
  • 100% Leased From Day of Closing
  • Diversified Tenant Base of Five (5) Tenants
  • Annual Rental Increases Incorporated in All Leases
  • 13.85% Return From Day One

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale a 100 percent leased stabilized fee simple interest in Offices at The Rock along Spring Cypress Road in Cypress, Texas. Located in the far Northwest area of the Houston, Texas MSA, Cypress is one of the most rapidly growing areas in Harris County. Cypress is home to Bridgeland (https://www.bridgeland.com) a Howard Hughes Master-Planned Community and Towne Lake (https://townelaketexas.com) an adjacent Master-Planned Community developed by Caldwell Companies a premier residential and commercial developer based in Cypress, Texas. This 100 percent leased, newly completed office investment opportunity is located on Spring Cypress Road (a major East-West artery) between North Eldridge Parkway, a major North-South artery, and Grant Road. The property, only five minutes from Highway 249, provides direct access to not only the Grand Parkway (Highway 99) to the north, but also the N. Sam Houston Parkway aka Beltway 8 to the south. Both Highway 99 (not 100% completed) and Beltway 8 are outer rings that circle the greater Houston MSA and allow the population to move more easily around the Houston area. Nestled in the Northwest quadrant of Houston, the population of the area, fondly known as Cy-Fair, is one of the largest communities in Northwest Houston. Cy-Fair encompasses 186 square miles and includes Cypress and the city of Jersey Village. The population of the area has increased over 50 percent (since 2000) to nearly three quarters of a million people. To put that in perspective, if the Cy-Fair area were a city, it would be in the top 20 largest cities in the United States. Only 24 miles from the heart of downtown Houston, the property’s surrounding areas are expanding rapidly and include a population of over 190,000 within a 5-mile radius. Area shopping amenities include Vintage Park, Houston Premium Outlets, Traders Village and Willowbrook Mall. Cy-Fair is a dynamic area with a population of approximately 800,000. Business-friendly regulations and attitude make this area prime for business start-ups and relocations. The region offers a pro-business culture with a diversified work force and educational institutions to influence industries of tomorrow. Along with a business-friendly environment, the Cy–Fair area offers a low cost of living and an abundance of land and space. The region has attracted a vast array of businesses which include small to medium size organizations to Fortune 500 Corporations. Major industries in the area include manufacturing, construction, oil & gas, education, health services, and professional. Offices at The Rock tenant base includes local and regional companies. The investment allows an investor not only a unique entry opportunity to invest in a newly completed stabilized office complex in the greater Houston MSA, but also realize an excellent return of 13.85 percent from day one.

Exclusively Listed By

Financing By

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