Off-Market OfferingOffice in Houston
$53,000,000
Office
Asking Price
$53,000,000
Asset Type
Office
Investment Highlights
Houston TX 375ksqFt office building 77% occupied 6.3 WALT renovated in 2020 LEED gold certified with energy star designation. Good cash flow value add opportunity with long term committed & diverse tenancy. $16m in capX since 2018 & 210ksqFt leased in the last 3 years. Tax shelter property - normal sale owner asking $53m / 10.8% cap in place (14% stabilized yield on cost, upper 20% LIRR) negotiable
James Smith
Listing contact · Verified on Crezly
Inquire / make an offer:
https://www.crezly.com/property/houston-office-building/
https://www.crezly.com/property/houston-office-building/
Prepared via Crezly Marketplace (crezly.com) from owner/broker-supplied information and NYC public records. Information deemed reliable but not guaranteed; buyers must independently verify. Not an offer, solicitation, or investment advice.