11200 Westheimer Rd - Office FOR SALE


Houston, TX 77042
$7,300,000 USD
949-378-7364
11200 Westheimer Rd, Houston, TX for Sale
$7,300,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

11200 Westheimer Rd
Houston, TX 77042


HIGHLIGHTS

  • HIGH-QUALITY, 10-STORY OFFICE BUILDING
  • NUMEROUS SURROUNDING RETAIL AND DINING OPTIONS
  • VALUE-ADD OPPORTUNITY VIA LEASE-UP OF IN-PLACE VACANCY
  • OFFERING A COST-EFFECTIVE DESTINATION FOR TENANTS AT A SIGNIFICANT DISCOUNT TO THE COMPETITIVE SET
  • EASY ACCESSIBILITY TO SEVERAL MAJOR FREEWAYS

OVERVIEW

CBRE, as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire Westheimer Central Plaza (the “Property”), a high-quality, 10-story office building strategically located within the Westchase submarket of Houston, Texas. The Property is currently 63% leased to a diverse tenant base with 1.8 years of weighted average lease term remaining. The Property features aesthetically pleasing exteriors featuring modern glass architecture and a newly renovated interior with abundant natural light and amenities for its tenants. The Property is located in close proximity to numerous retail and dining options with excellent access to Beltway 8, Westpark Tollway and I-10. Investment Highlights HIGH-QUALITY, 10-STORY OFFICE BUILDING * Top-tier neighborhood office building offering a compelling blend of quality and cost-effectiveness for tenants * Recently renovated lobby and interiors creating a pleasant arrival experience * Expansive windowlines providing ample natural light into tenant suites * Efficient, large floorplate (±19,500 SF) design offering tenant optionality NUMEROUS SURROUNDING RETAIL AND DINING OPTIONS * Amenitized location within the submarket, offering numerous restaurants and retailers in close proximity * Ease of access to Beltway 8, Westpark Tollway and I-10 VALUE-ADD OPPORTUNITY VIA LEASE-UP OF IN-PLACE VACANCY * Immediate value-add opportunity to lease-up ±68,000 SF of available space * Ideal average suite size 1,825 SF, catering to the most active tenant base in the market | Top-of-building signage opportunities available for larger or full-floor users OFFERING A COST-EFFECTIVE DESTINATION FOR TENANTS AT A SIGNIFICANT DISCOUNT TO THE COMPETITIVE SET * Westheimer Central Plaza is ideally positioned to capture an outsized portion of tenant demand and offers a similar and accessible amenity base with asking rents at a discount to the competition

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westheimer Central Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

10

BUILDING CLASS

A

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

510

LAND DETAILS

LAND ACRES

2.91 AC

LAND SF

126,760 SF

ZONING

O

APN/PARCEL ID

0451380010060

ASK ABOUT THIS PROPERTY

Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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