211 Highland Cross Dr 55,430 SF 55% Leased Office Building Houston, TX 77073 £2,256,433 (£40.71/SF)

Marcus & Millichap is pleased to offer for sale a fee simple interest in 211 Highland Cross Drive, a two-story, ±55,430 rentable square-foot, multi-tenant office building
located in North Houston’s office submarket. The desirable location is only a block from I-45 North. Combined with the building’s striking silver glass curtain wall makes
this location one of the area’s most recognizable boutique office buildings. Such coupled with being only a block north of Cypress Creek Parkway provides an occupant
immediate access to all parts of Houston and The Woodlands.
The Class B office building is located along the Cypress Creek Parkway Corridor aka FM 1960, which connects those traveling between I-45 North and Highway 249 to
the West. The existing Class A & B office inventory in this office submarket totals approximately 2.8 MM square feet out of the 9 MM total office inventory for this
submarket. With Class A & B occupancies totaling approximately 72 percent in this submarket, the asset is one of few “go-to” options available for tenants seeking a
quality office location with immediate freeway access. Therefore, due to the strength of this office submarket and the building’s location, this turnaround opportunity is
in a prime position for an investor. Alternatively, the building provides a company looking for a headquarters location a place to call home.
Constructed in 1980, the building sits on a ±2.58-acre lot with ample surface and limited covered parking. Currently, the building has an occupancy of 61.3 percent yet
offers an investor tremendous upside to refill occupancy for professional firms looking to relocate and call 211 Highland Drive home. (Please note a MTM tenant and the
Seller shall vacate [date TBD] following a successful closing leaving the building with one (1) tenant who occupies ±11 percent of the building.)
Numerous restaurant options are only blocks away and include such favorites as Chili’s Grill & Bar, IHOP, Wingstop, Chick-fil-A, Raising Cane’s, Texas Roadhouse, and
Starbucks. Kroger, Planet Fitness, and HCA Houston Healthcare Northwest Hospital.