3100 S Gessner Rd - Office FOR SALE


Houston, TX 77063
$4,900,000 USD
949-378-7364
3100 S Gessner Rd, Houston, TX for Sale
$4,900,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

3100 S Gessner Rd
Houston, TX 77063


OVERVIEW

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. Seller is offering low interest seller financing at a LTV of up to 60% at a starting rate of 3.0% to qualified investors.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.28 AC

LAND SF

186,437 SF

ZONING

N/A

APN/PARCEL ID

1093870000005

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.