Land Houston
Investment Highlights
Houston TX 300ksqFt class A office (energy corridor submarket) built in 2015 100% occupied single tenant (offshore drilling oil & gas with 73 offshore rigs $10 billion in backlog) 9.5 years left on term LEED silver energy star cert building on 4.67 acres & 1200 parking normal sale owner asking $285psft / $86m (less than 50% of replacement cost) (9.5% cap in place / property is financeable 12.5-13.5% levered cash flow returns) negotiate
Location
📍 Houston
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