855-982-9968
1111 N Loop W, Houston, TX for Sale
Office - FOR SALE
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1111 N Loop W
Houston, TX 77008
Greater Heights


HIGHLIGHTS

  • Park Central Plaza presents the opportunity to own an upgraded asset in a desirable professional area, prominently overlooking Loop 610.
  • Optimistic leasing outlook with recent long-term leases signed, adding to the more than 70,000 square feet rented since January 2023.
  • Highly convenient location, within a 10-minute drive of H-E-B, Home Depot, LA Fitness, Kroger, Office Depot, CVS, and over 100 restaurants.
  • Direct access to Loop 610 and within 15 minutes of The Galleria, Central Business District, Memorial Park, Greater Greenspoint, and Midtown.

OVERVIEW

Park Central Plaza, a value-add Class A office investment opportunity, is a prominent office building located in the heart of The Houston Heights/Garden Oaks District. The property is strategically located along the south side of Houston’s 610 North Loop between Ella Boulevard and N Shepherd which allows tenants and visitors ease of ingress and egress to the 610 North Loop. Park Central Plaza provides access to all major Houston Freeways via the 610 North Loop, which encircles the city. Furthermore, the property is only 11 minutes from Houston’s landmark Uptown/Galleria Shopping District, 13 minutes from Houston’s Central Business District, and 23 minutes from George Bush Intercontinental Airport. Park Central Plaza is a proven location for a wide variety of professional-based businesses, including insurance, architectural, legal, and an international workplace provider of executive suite/coworking and virtual offices with over 4,000 offices around the globe. Two of the most recent tenants, set to move in during the second half of 2024, have secured 10-year leases for entire floors, offering an investor added income protection with their long-term commitments. Ownership has made capital improvements to the building, including lobby renovations, restroom upgrades, elevator cab upgrades, and replacing the fire pump system. Endless shopping and restaurant options for lunch and dinner are available with most being only five to 10 minutes away by car. They include such favorites as Starbucks, Boomtown Coffee Roasters, Rainbow Lodge, Gatlin’s BBQ, Snooze Eatery, Whole Foods 365, H-E-B Grocery, and numerous other restaurant favorites in The Heights. Today, Park Central Plaza is a unique opportunity for a value-add investor to acquire ownership in a proven office performer. With 11 new tenant signings, expansions, renewals, and rightsizing totaling over 70,000 rentable square feet since January 2023, there is significant leasing momentum, a new leasing team in place, and available financing.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Central Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

11

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

675

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

N/Ap

APN/PARCEL ID

0780790000003

ASK ABOUT THIS PROPERTY

Jonathan RauhMarcus & MillichapMore Info
855-982-9968

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Jonathan RauhMarcus & MillichapMore Info
855-982-9968

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.