- 7422 Louetta represents a unique value-add opportunity when seeking a high-quality, turn-key asset in a prime location.
- Through a 721 contribution, CIRE can take advantage of a 45k SF suite formerly occupied by a strong-performing LA Fitness, providing a solid foundation for a range of potential tenants.
- One of the key strengths of 7422 Louetta is the retrofit-to-suit agreement with EOS Fitness on a new 20-year, NNN, escalating lease. This ensures long-term and reliable cash flow, making it an attractive option for stabilizing our diversified real estate portfolio.
- Moreover, the hard RCD date just six months after closing escrow helps limit exposure to delayed build-out and ensure timely completion of tenant improvements, further enhancing the asset’s value and income potential.
- With zero comparable properties undergoing construction within a 5-mile radius, 7422 Louetta presents a compelling investment opportunity with a strong competitive advantage. This is further reinforced by its prime location and absence of new competitive inventory, making it a highly desirable asset for tenants and investors alike.
- Overall, this is an excellent opportunity for CIRE when seeking a value-add asset in a prime location, with the potential to generate steady and reliable cash flow over the long term.
7422 Louetta7422 Louetta Road Spring, TX 77379
7422 Louetta represents a unique value-add opportunity when seeking a high-quality, turn-key asset in a prime location.Are you interested in leasing this property?
Houston-The Woodlands-Sugar Land, TX