Rosehill Plaza I & II
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Rosehill Plaza I & II
2 Office Properties in Cypress, TX
INVESTMENT HIGHLIGHTS
- High-Occupancy
- Core Plus Investment
- Northwest Houston
- NN
EXECUTIVE SUMMARY
In June of 2022, the current owners implemented a strategy to raise rates, expecting vacancy to rise as leasehold tenants moved out and new tenants were signed on NN terms. Though occupancy temporarily decreased, the property is once again stabilized and currently 94% occupied with an effective annual rental revenue of $348,742.
Buyer will earn a stable income through the rental income generated by the core plus properties in the portfolio. All new leases signed at Rosehill are locked in for the next 3-6 years with annual escalations and NN charges passed onto the tenants to account for increasing taxes and insurance costs.
Buyer will benefit from the timing of this sale as cap rates in the submarket are slated to decrease over the next 2-4 years. Current owners are selling after implementing a successful value-add strategy over the previous 12-16 months. The property has increased NOI by $93,000 since Q4 2022.
Buyer will earn a stable income through the rental income generated by the core plus properties in the portfolio. All new leases signed at Rosehill are locked in for the next 3-6 years with annual escalations and NN charges passed onto the tenants to account for increasing taxes and insurance costs.
Buyer will benefit from the timing of this sale as cap rates in the submarket are slated to decrease over the next 2-4 years. Current owners are selling after implementing a successful value-add strategy over the previous 12-16 months. The property has increased NOI by $93,000 since Q4 2022.
PROPERTY FACTS
| Sale Conditions | Bulk/Portfolio Sale | Number of Properties | 2 |
| Cap Rate | 7.50% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 22,780 SF |
| Status | Active | Total Land Area | 1.37 AC |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,780 SF |
| Total Land Area | 1.37 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 17510 Huffmeister Rd, Cypress, TX 77429 | Office | 7,000 SF | 2008 | - |
|
Rosehill Plaza
17240 Huffmeister Rd, Cypress, TX 77429 |
Office | 15,780 SF | 2006 | - |
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RAI Commercial Group
Rosehill Plaza I & II
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