800 Rockmead Dr
Kingwood, TX 77339
Three Kingwood Place · Bureau Bien À vendre

Outstanding opportunity to acquire the fee simple interest in a 92.6% leased, stable investment prominently located on Highway 59 (Interstate 69) in Kingwood, TX. The property is surrounded by banks, hotels, restaurants and shopping with proximity numerous premier golf courses. It is also 15 minutes from Bush International Airport and Beltway 8.
Comprised of 53,578 square feet, 800 Rockmead Drive is leased to a high quality roster of tenants with 2.62 years of weighted average lease term. The
property is heavily leased to 37.5% medical tenancy, 32.3% engineering & construction, 17.9% legal, and 3.4% financial services.
The property consists of a two-story multi-tenant atrium office building situated on approximately 3.61 acres. Built in 1981, this property is well-maintained with extensive renovations in the amount of $1,558,448 completed in 2022 and 2023. The Property features lush trees, park-like surroundings and pathways, as well as ample parking with access to 605 parking spaces.
The offering is priced at an attractive 9.25% cap ($7,217,011) allowing for ample positive leverage and cash flow growth with 4.64% NOI CAGR.