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Panther Creek Professional Plaza II

Off-Market

4840 West Panther Creek Drive, Spring, TX 77381

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 29,650 Sqft
  • Lot Size 2.47 Acre
  • Parking Spaces Avail. 118
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1999

Location

  • City Spring, TX
  • Neighborhood Panther Creek
  • Zip Code 77381
  • Market Houston

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 07 Aug, 2018
  • Purchase Price $7,929,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Spring

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Spring Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.38
  • 2020 Office Vacancy Rate 20.91 %
  • 2020 Office Completions (Sqft)
View more Spring market trends

Tax

  • Property Tax in 2020 $204,552
  • Market Value $9,200,000
  • Assessed Value $9,200,000

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Panther Creek Professional Plaza II?

Panther Creek Professional Plaza II totals 29,650 square feet.

When was this property built?

Panther Creek Professional Plaza II was built in 1999.

When was Panther Creek Professional Plaza II last sold?

Panther Creek Professional Plaza II was last sold on 07 Aug, 2018.

What was the last purchase price for Panther Creek Professional Plaza II?

Panther Creek Professional Plaza II was last sold for $7,929,000.

What is the property tax for Panther Creek Professional Plaza II?

The property tax for Panther Creek Professional Plaza II in 2020 was $204,552.

What is the market value for Panther Creek Professional Plaza II?

The market value for Panther Creek Professional Plaza II in 2020 was $9,200,000.

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