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17040 Northwest Fwy
Jersey Village, TX 77040
Office · Office Property For Sale
Investment Highlights
- Anchored By Westpark Springs | Multi-Unit Operator with Strong Financials
- Highly Affluent Houston Submarket | Excellent Demographics
- Texas is an Income Tax-Free State
- Directly Adjacent to TX Hwy 290
- Newer (2019) Institutional Quality Construction
- 2-Year Guaranty from Seller for Available Space
Executive Summary
The Jersey Village NNN Medical Office Building is a total of 11,695 SF and consists of 0.747 acres. It has excellent visibility from TX Hwy 290 which has over 193,000 VPD. Nearby is Northwest Village Shopping Center (over 3.5M Visits in the last 12 months), which is anchored by Ross Dress for Less, SPEC’s, Harbor Freight Tools and Dollar Tree.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,695 SF
Building Class
B
Year Built
2019
Price
$5,142,273 CAD
Price Per SF
$439.70 CAD
Cap Rate
7.50%
NOI
$385,635 CAD
Percent Leased
71%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,848 SF
Building FAR
0.09
Lot Size
2.88 AC
Parking
43 Spaces (3.68 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1174760020001 | Improvements Assessment | $10,549,550 CAD |
| Land Assessment | $2,318,058 CAD | Total Assessment | $12,867,608 CAD |
Property Taxes
Parcel Number
1174760020001
Land Assessment
$2,318,058 CAD
Improvements Assessment
$10,549,550 CAD
Total Assessment
$12,867,608 CAD
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