West Houston Portfolio
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West Houston Portfolio
3 Office Properties Offered at £15,587,670 in Houston, TX
Investment Highlights
- Available Individually or as a Portfolio.
- Fraction of Replacement Cost.
- High Quality Institutionally Owned Assets.
- Seller is offering low interest seller financing at a LTV of up to 60% at a starting rate of 3.0% to qualified investors.
Executive Summary
CBRE is pleased to present the West Houston Portfolio, consisting of three Class B/B+ office buildings located at 9800 Richmond, 11000 Richmond, and 3100 S. Gessner (collectively the “Portfolio” or the “Properties”, or individually the “Property”) and is advantageously located within the coveted Westchase submarket of West Houston.
The Properties may be acquired individually or as a portfolio.
Institutionally owned and maintained, the Portfolio provides investors with the value-add opportunity to acquire quality assets at a compelling cost basis. New ownership will have the opportunity to increase occupancy and drive rents, while maintaining a diverse and loyal base of existing tenancy, along with potential future development opportunities.
The Portfolio features a strategic Westchase location, with 9800 Richmond and 3100 S Gessner positioned at the eastern edge of the District and 11000 Richmond on the western edge of the District. Each of the Properties is advantageously positioned in Westchase (the “District”) which provides the Portfolio with superior regional connectivity, including access to the Westpark Tollway, Sam Houston Tollway, Interstate 10 and Houston’s two international airports which are both located approximately 30 minutes from the Properties.
The Properties may be acquired individually or as a portfolio.
Institutionally owned and maintained, the Portfolio provides investors with the value-add opportunity to acquire quality assets at a compelling cost basis. New ownership will have the opportunity to increase occupancy and drive rents, while maintaining a diverse and loyal base of existing tenancy, along with potential future development opportunities.
The Portfolio features a strategic Westchase location, with 9800 Richmond and 3100 S Gessner positioned at the eastern edge of the District and 11000 Richmond on the western edge of the District. Each of the Properties is advantageously positioned in Westchase (the “District”) which provides the Portfolio with superior regional connectivity, including access to the Westpark Tollway, Sam Houston Tollway, Interstate 10 and Houston’s two international airports which are both located approximately 30 minutes from the Properties.
Property Facts
| Price | £15,587,670 | Number of Properties | 3 |
| Price / SF | £36.08 / SF | Individually For Sale | 1 |
| Sale Type | Investment | Total Building Size | 431,983 SF |
| Status | Active | Total Land Area | 11.76 AC |
| Price | £15,587,670 |
| Price / SF | £36.08 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 1 |
| Total Building Size | 431,983 SF |
| Total Land Area | 11.76 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 9800 Richmond Ave, Houston, TX 77042 | Office | 177,096 SF | 1982 | - |
| 3100 S Gessner Rd, Houston, TX 77063 | Office | 136,628 SF | 1981 | £3,838,170 |
| 11000 Richmond Ave, Houston, TX 77042 | Office | 118,259 SF | 1982 | - |
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