This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Park Central Plaza 1111 N Loop W
181,671 SF 76% Leased Office Building Houston, TX 77008 For Sale
INVESTMENT HIGHLIGHTS
- Park Central Plaza presents the opportunity to own an upgraded asset in a desirable professional area, prominently overlooking Loop 610.
- Highly convenient location, within a 10-minute drive of H-E-B, Home Depot, LA Fitness, Kroger, Office Depot, CVS, and over 100 restaurants.
- Optimistic leasing outlook with recent long-term leases signed, adding to the more than 70,000 square feet rented since January 2023.
- Direct access to Loop 610 and within 15 minutes of The Galleria, Central Business District, Memorial Park, Greater Greenspoint, and Midtown.
EXECUTIVE SUMMARY
Park Central Plaza provides access to all major Houston Freeways via the 610 North Loop, which encircles the city. Furthermore, the property is only 11 minutes from Houston’s landmark Uptown/Galleria Shopping District, 13 minutes from Houston’s Central Business District, and 23 minutes from George Bush Intercontinental Airport.
Park Central Plaza is a proven location for a wide variety of professional-based businesses, including insurance, architectural, legal, and an international workplace provider of executive suite/coworking and virtual offices with over 4,000 offices around the globe. Two of the most recent tenants, set to move in during the second half of 2024, have secured 10-year leases for entire floors, offering an investor added income protection with their long-term commitments.
Ownership has made capital improvements to the building, including lobby renovations, restroom upgrades, elevator cab upgrades, and replacing the fire pump system.
Endless shopping and restaurant options for lunch and dinner are available with most being only five to 10 minutes away by car. They include such favorites as Starbucks, Boomtown Coffee Roasters, Rainbow Lodge, Gatlin’s BBQ, Snooze Eatery, Whole Foods 365, H-E-B Grocery, and numerous other restaurant favorites in The Heights.
Today, Park Central Plaza is a unique opportunity for a value-add investor to acquire ownership in a proven office performer. With 11 new tenant signings, expansions, renewals, and rightsizing totaling over 70,000 rentable square feet since January 2023, there is significant leasing momentum, a new leasing team in place, and available financing.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Courtyard
- Food Service
- Property Manager on Site
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 4,752 SF retail space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,336 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 7,547 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 7,387 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,681 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 2,128 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 3,693 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,500 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 3,057 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,617 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 2,122 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 4,153 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,524 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 3,541 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 140 | 4,752 SF | Retail | Full Build-Out | Now |
| 1st Fl-Ste 150 | 1,336 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 7,547 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250A | 7,387 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250B | 1,681 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 305 | 2,128 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 510 | 3,693 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 515 | 1,500 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 520 | 2,790 SF | Office | - | Now |
| 5th Fl-Ste 525 | 3,057 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 711 | 1,617 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 730 | 2,122 SF | Office | Full Build-Out | Now |
| 8th Fl-Ste 810 | 4,153 SF | Office | Full Build-Out | 30 Days |
| 9th Fl-Ste 905 | 1,524 SF | Office | Full Build-Out | 30 Days |
| 9th Fl-Ste 910 | 3,541 SF | Office | Full Build-Out | Now |
1st Fl-Ste 140
| Size |
| 4,752 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 150
| Size |
| 1,336 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 7,547 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250A
| Size |
| 7,387 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250B
| Size |
| 1,681 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 305
| Size |
| 2,128 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 510
| Size |
| 3,693 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 515
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 520
| Size |
| 2,790 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
5th Fl-Ste 525
| Size |
| 3,057 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 711
| Size |
| 1,617 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 730
| Size |
| 2,122 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
8th Fl-Ste 810
| Size |
| 4,153 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
9th Fl-Ste 905
| Size |
| 1,524 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
9th Fl-Ste 910
| Size |
| 3,541 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 140
| Size | 4,752 SF |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 4,752 SF retail space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
1st Fl-Ste 150
| Size | 1,336 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,336 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
2nd Fl-Ste 250
| Size | 7,547 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 7,547 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
2nd Fl-Ste 250A
| Size | 7,387 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 7,387 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
2nd Fl-Ste 250B
| Size | 1,681 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,681 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
3rd Fl-Ste 305
| Size | 2,128 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 2,128 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
5th Fl-Ste 510
| Size | 3,693 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 3,693 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
5th Fl-Ste 515
| Size | 1,500 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,500 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
5th Fl-Ste 520
| Size | 2,790 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
5th Fl-Ste 525
| Size | 3,057 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 3,057 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
7th Fl-Ste 711
| Size | 1,617 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,617 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
7th Fl-Ste 730
| Size | 2,122 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 2,122 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
8th Fl-Ste 810
| Size | 4,153 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 4,153 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
9th Fl-Ste 905
| Size | 1,524 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 1,524 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
9th Fl-Ste 910
| Size | 3,541 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Elevate your business in the vibrant and highly desirable Park Central Plaza business center. This 3,541 SF office space offers the perfect blend of functionality and style, ideal for growing businesses looking for a professional environment.
ABOUT NORTH LOOP WEST
The North Loop West area is located northwest of downtown Houston and includes the fast-gentrifying Heights and Garden Oaks/Oak Forest communities. The largest office properties here are primarily located along the Interstate 610 North Loop, between the Northwest Freeway (U.S. 290) to the west and North Shepherd Drive to the east. It is a short drive (less than 15 minutes) to downtown Houston.
The area has a diverse tenant base. Some of the largest tenants include Quanta Services (construction), cPanel, Inc. (technology), Veterans Evaluation Services (public administration), and Kimco Realty Investors (real estate).
There is a limited supply of office space in the area, and new supply is rare. This part of Houston remains an affordable alternative to nearby office nodes such as the Galleria, Uptown, and the central business district. The node offers excellent highway access and proximity to some of Houston’s key cultural and entertainment amenities, like the Downtown Aquarium; sporting and music venues like Minute Maid Park, the Toyota Center, and the Wortham Theater; and Discovery Green Park.
DEMOGRAPHICS
Demographics
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Chipotle | - | - | 5 min walk |
| Chick-Fil-A | - | - | 6 min walk |
| Whataburger | - | - | 6 min walk |
| Wendy's | - | - | 10 min walk |
| Wingstop | - | - | 12 min walk |
| Thomas Bar B Q | Barbecue | £££ | 11 min walk |
| Starbucks | Cafe | £ | 13 min walk |
| McAlister's Deli | Bakery | - | 15 min walk |
RETAIL |
||
|---|---|---|
| The Home Depot | Home Improvement | 2 min walk |
| Office Depot | Office Supply | 8 min walk |
| CVS Pharmacy | Drug Store | 13 min walk |
| Lowe’s | Home Improvement | 15 min walk |
| Club Pilates | Fitness | 16 min walk |
HOTELS |
|
|---|---|
| SpringHill Suites |
79 rooms
6 min drive
|
PROPERTY TAXES
| Parcel Number | 0780790000003 | Total Assessment | £11,628,102 |
| Land Assessment | £2,599,093 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £9,029,009 | Tax Year | 2023 |
PROPERTY TAXES
ABOUT THE ARCHITECT
SALE ADVISORS
SALE ADVISORS
Jonathan Rauh, Office & Industrial Broker
Keith Lloyd, Senior Vice President Investments | Director
He was consistently recognized by Newmark Grubb Knight Frank and its predecessor Grubb & Ellis, both locally and nationally, for the high level of service he provided his clients. During his 21.5 year tenure at the above firms, Keith was recognized as a Houston Top Ten Producer for 17 out of 21 years years he has was with these firms. He was a Circle of Excellence (a national ranking for the top 100 company Advisors) designee four times during his tenure at Grubb & Ellis and Newmark. Additionally, he was recognized by the Houston Business Journal in 2001,2005 and 2009 as a “Heavy Hitter” in the Houston commercial real estate market.
Specialties:
Investment Sales
Owner/User Sales
Office Tenant Advisor
Land Sales
Experience:
1993 to October 2014: Managing Director, Newmark Grubb Knight Frank; Senior Vice President at Grubb & Ellis.
Professional Recognitions / Affiliations:
NAIOP
Houston Office Leasing Brokers Association
Certified Commercial Investment Member candidate
Outback Texas, a 501-3C organization
Christian Hlavinka, Senior Associate / Assoc Director
Christian specializes in all aspects of Commercial Brokerage with a focus on sales of investment grade industrial and office properties.
Background and Experience
Christian brings many years of real estate experience to Marcus & Millichap. Christian studied at the University of Wisconsin Milwaukee and is currently a licensed real estate broker.
Organizations
National Office & Industrial Properties Group (NOIPG)
Commercial Associations of REALTORS® Wisconsin (CARW)
National Association of REALTORS® (NAR)
Wisconsin Association of REALTORS® (WRA)
Presented by
Park Central Plaza | 1111 N Loop W
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.