607 Timberdale Ln | Houston, TX 77090
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607 Timberdale Ln
Houston, TX 77090
Timberdale Medical Arts · Office Property For Sale
Investment Highlights
- Medical building featuring a lucrative blend of four established tenants
- Strategically located in a bustling area with easy accessibility
- Additional value-add opportunity for leasing 2,582 SF of prime vacancy and converting from gross lease to NNN.
Executive Summary
McAlpine Interests is pleased to present the opportunity to purchase an exclusive investment opportunity, 607 Timberdale Ln. Improvements consist of a 26,986 Square Foot, Class B, ~90% occupied, multi-tenant medical building located in a rapidly growing MSA of Houston, TX. The diverse mix of medical tenants includes Davita Dialysis, North Houston Nephrology, North Houston Infectious Disease and a dental practice. 607 Timberdale Ln. is ideally located adjacent to HCA Houston Northwest and only minutes from George Bush Intercontinental Airport.
Built in 1998, the Property features masonry construction and 72 parking stalls. The building is currently ±90% occupied by 4 tenants, providing an excellent opportunity to add value through leasing the remaining space. Current annual rents range from approximately $18-$21 per SF. 607 Timberdale Ln. also provides a unique opportunity for owner-occupants to absorb some of the vacancies while further enhancing via strategic long term leasing strategies at market rates.
Built in 1998, the Property features masonry construction and 72 parking stalls. The building is currently ±90% occupied by 4 tenants, providing an excellent opportunity to add value through leasing the remaining space. Current annual rents range from approximately $18-$21 per SF. 607 Timberdale Ln. also provides a unique opportunity for owner-occupants to absorb some of the vacancies while further enhancing via strategic long term leasing strategies at market rates.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
26,986 SF
Building Class
B
Year Built
1998
Price
$4,259,003 CAD
Price Per SF
$158 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,493 SF
Building FAR
0.42
Lot Size
1.47 AC
Zoning
none
Parking
72 Spaces (2.67 Spaces per 1,000 SF Leased)
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 1082270000005 | Improvements Assessment | $3,695,534 CAD |
| Land Assessment | $921,316 CAD | Total Assessment | $4,616,851 CAD |
PROPERTY TAXES
Parcel Number
1082270000005
Land Assessment
$921,316 CAD
Improvements Assessment
$3,695,534 CAD
Total Assessment
$4,616,851 CAD
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