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Westheimer Central Plaza 11200 Westheimer Rd

182,506 SF 73% Leased 4-Star Office Building Houston, TX 77042 £5,807,296 (£32/SF)

Investment Highlights

  • HIGH-QUALITY, 10-STORY OFFICE BUILDING
  • VALUE-ADD OPPORTUNITY VIA LEASE-UP OF IN-PLACE VACANCY
  • EASY ACCESSIBILITY TO SEVERAL MAJOR FREEWAYS
  • NUMEROUS SURROUNDING RETAIL AND DINING OPTIONS
  • OFFERING A COST-EFFECTIVE DESTINATION FOR TENANTS AT A SIGNIFICANT DISCOUNT TO THE COMPETITIVE SET

Executive Summary

CBRE, as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire Westheimer Central Plaza (the “Property”), a high-quality, 10-story office building strategically located within the Westchase submarket of Houston, Texas. The Property is currently 63% leased to a diverse tenant base with 1.8 years of weighted average lease term remaining. The Property features aesthetically pleasing exteriors featuring modern glass architecture and a newly renovated interior with abundant natural light and amenities for its tenants. The Property is located in close proximity to numerous retail and dining options with excellent access to Beltway 8, Westpark Tollway and I-10.
Investment Highlights
HIGH-QUALITY, 10-STORY OFFICE BUILDING
* Top-tier neighborhood office building offering a compelling blend of quality and cost-effectiveness for tenants
* Recently renovated lobby and interiors creating a pleasant arrival experience
* Expansive windowlines providing ample natural light into tenant suites
* Efficient, large floorplate (±19,500 SF) design offering tenant optionality

NUMEROUS SURROUNDING RETAIL AND DINING OPTIONS
* Amenitized location within the submarket, offering numerous restaurants and retailers in close proximity
* Ease of access to Beltway 8, Westpark Tollway and I-10

VALUE-ADD OPPORTUNITY VIA LEASE-UP OF IN-PLACE VACANCY
* Immediate value-add opportunity to lease-up ±68,000 SF of available space
* Ideal average suite size 1,825 SF, catering to the most active tenant base in the market | Top-of-building signage opportunities available for larger or full-floor users

OFFERING A COST-EFFECTIVE DESTINATION FOR TENANTS AT A SIGNIFICANT DISCOUNT TO THE COMPETITIVE SET
* Westheimer Central Plaza is ideally positioned to capture an outsized portion of tenant demand and offers a similar and accessible amenity base with asking rents at a discount to the competition

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
182,506 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1982
Price
£5,807,296
Price Per SF
£32
Percent Leased
73%
Tenancy
Multiple
Number of Floors
10
Typical Floor Size
18,251 SF
Slab to Slab
11 ft
Building FAR
1.44
Lot Size
2.91 AC
Zoning
O - Office
Parking
510 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Controlled Access
  • Conferencing Facility
  • Food Service
  • Property Manager on Site
  • Security System
  • Signage
  • Central Heating
  • Natural Light
  • Monument Signage
  • Air Conditioning
  • On-Site Security Staff

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 204
  • 1,033 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 340
  • 1,724 SF
  • Office
  • Full Build-Out
  • Now

5 offices with common workspace, including a sink.

  • 3rd Fl-Ste 350
  • 1,985 SF
  • Office
  • Full Build-Out
  • Now

5 offices, with space at entry, and open space in back of suite.

  • 4th Fl-Ste 400
  • 7,495 SF
  • Office
  • Full Build-Out
  • Now

Several private offices, with curved common area in center or suite.

  • 4th Fl-Ste 401
  • 1,563 SF
  • Office
  • Full Build-Out
  • Now

Interior and exterior facing offices. Entry into common area with sink.

  • 4th Fl-Ste 404
  • 1,064 SF
  • Office
  • Full Build-Out
  • Now

Large open space with private room on side of suite.

  • 4th Fl-Ste 405
  • 1,635 SF
  • Office
  • Full Build-Out
  • Now

Common area with sink.

  • 4th Fl-Ste 408
  • 2,936 SF
  • Office
  • Full Build-Out
  • Now

Private offices, a conference room, and break room.

  • 4th Fl-Ste 410
  • 3,026 SF
  • Office
  • Full Build-Out
  • Now

Many private offices, with conference room.

  • 5th Fl-Ste 508
  • 1,992 SF
  • Office
  • Full Build-Out
  • Now

Reception area, with private offices, and conference space in back.

  • 5th Fl-Ste 525
  • 790 SF
  • Office
  • Full Build-Out
  • 30 Days

Two private offices in back of suite.

  • 5th Fl-Ste 540
  • 1,181 SF
  • Office
  • Full Build-Out
  • 30 Days

Space available for reception area. Private offices and external facing conference room.

  • 6th Fl-Ste 602
  • 826 SF
  • Office
  • Full Build-Out
  • Now

Private offices, with space available for reception.

  • 6th Fl-Ste 608
  • 1,228 SF
  • Office
  • Full Build-Out
  • Now

Space available for reception. Small breakroom.

  • 6th Fl-Ste 610
  • 2,674 SF
  • Office
  • Full Build-Out
  • 30 Days

Partioned reception area. Private offices and break room available on side.

  • 6th Fl-Ste 614
  • 1,316 SF
  • Office
  • Full Build-Out
  • Now

Private offices, with reception space.

  • 6th Fl-Ste 615
  • 661 SF
  • Office
  • Full Build-Out
  • 30 Days
  • 6th Fl-Ste 620
  • 1,180 SF
  • Office
  • Full Build-Out
  • Now
  • 6th Fl-Ste 630
  • 3,195 SF
  • Office
  • -
  • Now
  • 7th Fl-Ste 720
  • 1,455 SF
  • Office
  • Spec Suite
  • Now
  • 7th Fl-Ste 740
  • 2,703 SF
  • Office
  • Spec Suite
  • Now
  • 7th Fl-Ste 760
  • 832 SF
  • Office
  • Full Build-Out
  • Now
  • 7th Fl-Ste 775
  • 1,133 SF
  • Office
  • Full Build-Out
  • Now
  • 7th Fl-Ste 788
  • 1,539 SF
  • Office
  • Spec Suite
  • Now
  • 9th Fl-Ste 910
  • 2,909 SF
  • Office
  • Full Build-Out
  • Now
  • 9th Fl-Ste Executive Suites
  • 214-872 SF
  • Office
  • Full Build-Out
  • Now

Executive Suites available ranging from 214 - 872 SF.

  • 10th Fl-Ste 1025
  • 2,648 SF
  • Office
  • -
  • Now
  • 10th Fl-Ste 1050
  • 3,518 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
2nd Fl-Ste 204 1,033 SF Office - Now
3rd Fl-Ste 340 1,724 SF Office Full Build-Out Now
3rd Fl-Ste 350 1,985 SF Office Full Build-Out Now
4th Fl-Ste 400 7,495 SF Office Full Build-Out Now
4th Fl-Ste 401 1,563 SF Office Full Build-Out Now
4th Fl-Ste 404 1,064 SF Office Full Build-Out Now
4th Fl-Ste 405 1,635 SF Office Full Build-Out Now
4th Fl-Ste 408 2,936 SF Office Full Build-Out Now
4th Fl-Ste 410 3,026 SF Office Full Build-Out Now
5th Fl-Ste 508 1,992 SF Office Full Build-Out Now
5th Fl-Ste 525 790 SF Office Full Build-Out 30 Days
5th Fl-Ste 540 1,181 SF Office Full Build-Out 30 Days
6th Fl-Ste 602 826 SF Office Full Build-Out Now
6th Fl-Ste 608 1,228 SF Office Full Build-Out Now
6th Fl-Ste 610 2,674 SF Office Full Build-Out 30 Days
6th Fl-Ste 614 1,316 SF Office Full Build-Out Now
6th Fl-Ste 615 661 SF Office Full Build-Out 30 Days
6th Fl-Ste 620 1,180 SF Office Full Build-Out Now
6th Fl-Ste 630 3,195 SF Office - Now
7th Fl-Ste 720 1,455 SF Office Spec Suite Now
7th Fl-Ste 740 2,703 SF Office Spec Suite Now
7th Fl-Ste 760 832 SF Office Full Build-Out Now
7th Fl-Ste 775 1,133 SF Office Full Build-Out Now
7th Fl-Ste 788 1,539 SF Office Spec Suite Now
9th Fl-Ste 910 2,909 SF Office Full Build-Out Now
9th Fl-Ste Executive Suites 214-872 SF Office Full Build-Out Now
10th Fl-Ste 1025 2,648 SF Office - Now
10th Fl-Ste 1050 3,518 SF Office Full Build-Out Now

2nd Fl-Ste 204

Size
1,033 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 340

Size
1,724 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 350

Size
1,985 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 400

Size
7,495 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 401

Size
1,563 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 404

Size
1,064 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 405

Size
1,635 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 408

Size
2,936 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Fl-Ste 410

Size
3,026 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

5th Fl-Ste 508

Size
1,992 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

5th Fl-Ste 525

Size
790 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

5th Fl-Ste 540

Size
1,181 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

6th Fl-Ste 602

Size
826 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

6th Fl-Ste 608

Size
1,228 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

6th Fl-Ste 610

Size
2,674 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

6th Fl-Ste 614

Size
1,316 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

6th Fl-Ste 615

Size
661 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

6th Fl-Ste 620

Size
1,180 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

6th Fl-Ste 630

Size
3,195 SF
Space Use
Office
Condition
-
Available
Now

7th Fl-Ste 720

Size
1,455 SF
Space Use
Office
Condition
Spec Suite
Available
Now

7th Fl-Ste 740

Size
2,703 SF
Space Use
Office
Condition
Spec Suite
Available
Now

7th Fl-Ste 760

Size
832 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

7th Fl-Ste 775

Size
1,133 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

7th Fl-Ste 788

Size
1,539 SF
Space Use
Office
Condition
Spec Suite
Available
Now

9th Fl-Ste 910

Size
2,909 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

9th Fl-Ste Executive Suites

Size
214-872 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

10th Fl-Ste 1025

Size
2,648 SF
Space Use
Office
Condition
-
Available
Now

10th Fl-Ste 1050

Size
3,518 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 204

Size 1,033 SF
Space Use Office
Condition -
Available Now

3rd Fl-Ste 340

Size 1,724 SF
Space Use Office
Condition Full Build-Out
Available Now

5 offices with common workspace, including a sink.

3rd Fl-Ste 350

Size 1,985 SF
Space Use Office
Condition Full Build-Out
Available Now

5 offices, with space at entry, and open space in back of suite.

4th Fl-Ste 400

Size 7,495 SF
Space Use Office
Condition Full Build-Out
Available Now

Several private offices, with curved common area in center or suite.

4th Fl-Ste 401

Size 1,563 SF
Space Use Office
Condition Full Build-Out
Available Now

Interior and exterior facing offices. Entry into common area with sink.

4th Fl-Ste 404

Size 1,064 SF
Space Use Office
Condition Full Build-Out
Available Now

Large open space with private room on side of suite.

4th Fl-Ste 405

Size 1,635 SF
Space Use Office
Condition Full Build-Out
Available Now

Common area with sink.

4th Fl-Ste 408

Size 2,936 SF
Space Use Office
Condition Full Build-Out
Available Now

Private offices, a conference room, and break room.

4th Fl-Ste 410

Size 3,026 SF
Space Use Office
Condition Full Build-Out
Available Now

Many private offices, with conference room.

5th Fl-Ste 508

Size 1,992 SF
Space Use Office
Condition Full Build-Out
Available Now

Reception area, with private offices, and conference space in back.

5th Fl-Ste 525

Size 790 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Two private offices in back of suite.

5th Fl-Ste 540

Size 1,181 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Space available for reception area. Private offices and external facing conference room.

6th Fl-Ste 602

Size 826 SF
Space Use Office
Condition Full Build-Out
Available Now

Private offices, with space available for reception.

6th Fl-Ste 608

Size 1,228 SF
Space Use Office
Condition Full Build-Out
Available Now

Space available for reception. Small breakroom.

6th Fl-Ste 610

Size 2,674 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Partioned reception area. Private offices and break room available on side.

6th Fl-Ste 614

Size 1,316 SF
Space Use Office
Condition Full Build-Out
Available Now

Private offices, with reception space.

6th Fl-Ste 615

Size 661 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

6th Fl-Ste 620

Size 1,180 SF
Space Use Office
Condition Full Build-Out
Available Now

6th Fl-Ste 630

Size 3,195 SF
Space Use Office
Condition -
Available Now

7th Fl-Ste 720

Size 1,455 SF
Space Use Office
Condition Spec Suite
Available Now

7th Fl-Ste 740

Size 2,703 SF
Space Use Office
Condition Spec Suite
Available Now

7th Fl-Ste 760

Size 832 SF
Space Use Office
Condition Full Build-Out
Available Now

7th Fl-Ste 775

Size 1,133 SF
Space Use Office
Condition Full Build-Out
Available Now

7th Fl-Ste 788

Size 1,539 SF
Space Use Office
Condition Spec Suite
Available Now

9th Fl-Ste 910

Size 2,909 SF
Space Use Office
Condition Full Build-Out
Available Now

9th Fl-Ste Executive Suites

Size 214-872 SF
Space Use Office
Condition Full Build-Out
Available Now

Executive Suites available ranging from 214 - 872 SF.

10th Fl-Ste 1050

Size 3,518 SF
Space Use Office
Condition Full Build-Out
Available Now

Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0451380010060
Land Assessment
£5,040,256
Improvements Assessment
£9,728,417
Total Assessment
£14,768,672
  • Listing ID: 33718167

  • Date on Market: 01/11/2024

  • Last Updated:

  • Address: 11200 Westheimer Rd, Houston, TX 77042

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