| CREOP

These Class "A" Office condominiums, built in 2020, benefit from a strong office market. Although great for an owner/user, the demand for newer small office product in this submarket creates a tremendous investment opportunity. The unit is leased at a comparable rate, including a recent extension. As an investment, this unit should always stay rented. The entire complex is a new, clean, attractive location for tenants and owners. It sits at a hard corner, lighted intersection at one of the most trafficked streets in Northwest Houston. The unit is being offered at a competitive 9% cap rate.

- One major plus for this property is the submarket. Tomball growth is up 4.4% in last 12mos and over 20% since 2020. The lack of willingness to drive into Central Houston, and lack of necessity for employers to need presence full-time in the office, has led to growth of office employees to Tomball. This has grown the demand for small office space, yielding high demand for the area. - The growth is also evident by seeing comparable properties and complexes under construction now. Considering a major slowdown in new office development in Houston, Spring Cypress literally has new developments going up. Due to the new construction in the area, this property is being offered at a competitive rate, compared to the prices of other units nearby. - Spring Cypress and Hwy 249 is surrounded by national chain restaurants and QSR's, as well as major retail, including a Super Walmart Center. There is now over 40,000 cars per day traveling down Spring Cypress, putting this property at a commerce epicenter of Tomball.