16850 Diana Lane | 16850 Diana Ln
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16850 Diana Lane 16850 Diana Ln
17,250 SF 100% Leased Office Building Houston, TX 77058 $4,245,030 CAD ($246 CAD/SF)
Investment Highlights
- 9.5% capitalization rate at fair market rental rates
Executive Summary
Updated Office Building for Sale
- **Building Details:**
- Rating: 3 Star
- Year Built: 1983
- Size: 17,250 square feet
- Lot Size: 1.20 acres
- Single-story structure
- No zoning restrictions
- **Parking:**
- 63 surface spaces
- 15 covered spaces
- Parking ratio: 4.52 spaces per 1,000 square feet
- **Current Tenancy:**
- Occupied by three tenants
- Owner willing to lease back half of the building for 10 years (two 5-year terms), allowing the new owner to lease out or occupy the remaining space to qualify for an SBA loan.
- **Financials:**
- Fully leased, the property is projected to generate approximately a 9.5% capitalization rate at fair market rental rates
- **Building Details:**
- Rating: 3 Star
- Year Built: 1983
- Size: 17,250 square feet
- Lot Size: 1.20 acres
- Single-story structure
- No zoning restrictions
- **Parking:**
- 63 surface spaces
- 15 covered spaces
- Parking ratio: 4.52 spaces per 1,000 square feet
- **Current Tenancy:**
- Occupied by three tenants
- Owner willing to lease back half of the building for 10 years (two 5-year terms), allowing the new owner to lease out or occupy the remaining space to qualify for an SBA loan.
- **Financials:**
- Fully leased, the property is projected to generate approximately a 9.5% capitalization rate at fair market rental rates
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Building Size
17,250 SF
Building Class
B
Year Built
1983
Price
$4,245,030 CAD
Price Per SF
$246 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,250 SF
Building FAR
0.33
Land Acres
1.20 AC
Zoning
None - N/A
Parking
78 Spaces (4.52 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Accent Lighting
- Air Conditioning
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Jeff George -
Chase Kocurek -
K W Commercial
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16850 Diana Lane | 16850 Diana Ln
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