7401 Gulf Freeway Houston 77017 - Capital Trust Realty

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This class "c" office building is located on the corner of the south east end of I45 and Loop 610. It is 11,130 SF per harris county appraisal and is 2 storys in size. In addition the building is located on 3/4 of an acre with parking ratios in the range of 5/1000. It also has a large green space on the side of the building. The building is located in a zone "x" flood plan per FEMA maps. The exterior of the building has plenty of window that allow natural light into the property and has a stucco facia. The building does need work however it is a great opportunity for a company to aquire a great location at a excellent price. The building has super income potential for an investor but would make more sense for an in user. The owners are open to owner financing and lease-to-own.
General terms for seller financing are 15 years at 7.95% interest per annum with 5 - 10% down. Down payment is dependant on the amount of closing cost that is required to complete the transaction. It is important to note that in normal curcumstances that a building cost $125.00 Plus per sf to develop and this normal does not include the cost of the land. This building is currently in the price range of what it would cost to develop warehouse space. Even with repairs the unit will be a fraction of the cost of development. For more information and additional properties check us out on the web at www.ctrclearlake.com

Jim Butcher
832-512-0248
2100 NASA Parkway Suite 201
Seabrook 77586