Pinehurst, Texas, June 28, 2022 – 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.”
About SVN | J. Beard Real Estate – Greater Houston
SVN | J. Beard Real Estate – Greater Houston is an independently owned and operated SVN® office located in The Woodlands, Texas. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues, and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.jbeardcompany.com.
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