SVN J. Beard Real Estate - Greater Houston Completes The Sale of NNN Investment Property with an Office Building in Pinehurst, Texas
PINEHURST, TX -- SVN | J. Beard Real Estate - Greater Houston has recently completed the sale of a single-tenant, NNN leased office investment that includes a 9,634 square-foot building on 2.4 acres of land, located at 32400 SH 249 in Pinehurst, Texas.
Neal King of SVN | J Beard Real Estate - Greater Houston represented the seller, Island Group Services, LLC. Grace Wang with TOP USA Investment, LLC, represented the buyer, WL & R, LLC, in the transaction.
The property includes an additional land area, which the buyer intends for future commercial development, and the tenant has several years remaining on the primary lease term.
“This transaction reflects the demand we have seen among investors interested in quality leased assets in prime locations,” said King. “This property is a prime example as it is located in an area of commercial and residential growth with frontage on SH 249 Tollway, and the extra land offers the opportunity to add additional value.”