EDGE Realty Capital Markets and RealINSIGHT Marketplace are pleased to present the opportunity to acquire 3808 World Houston Parkway located in Houston, TX.
Proforma NOI: $392,571 *based on a 10% vacancy factor and Average Rents of $20/SF NNN*
Property, built in 1999, is comprised of a move-in ready single-story office building totaling 22,423 net rentable square feet and features covered parking as well as easy access to the area's main thoroughfares. Property benefits from its immediate proximity to the George Bush Intercontinental Airport, which serviced a record 43.8 million passengers in 2018. The Property is situated within a deed-restricted business park, which provides a well-maintained, professional environment and promotes the long-term success of the immediate area. Further, the move-in ready condition of the Property coupled with a flexible building structure offers buyers an ideal, below replacement cost, investment opportunity.
3808 World Houston is located just north of North Sam Houston Parkway (Beltway 8) at JKF Blvd. The Property’s position within the North Belt / IAH submarket offers unparalleled access to Beltway 8, Hardy Toll Road, Interstate 45 North and Interstate 69/Highway 59. Direct access to the airport as well as accessible vehicular connectivity to all other major markets throughout Houston in under a 30-minute drive time, makes the Property a prime location for prospective tenants as well as owner-occupants. In addition, the established and affluent communities of The Woodlands, Kingwood, Champions, Atascocita, Spring and Cypress, all located within a 20-minute drive time to this area, provide a strong, well-educated workforce within close proximity to the Property.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
3808 World Houston Parkway, Houston, TX 77032
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.