713-577-1724
6990 Portwest Dr, Houston, TX for Sale
Flex - FOR SALE
1/21
null | Request Cap Rate

6990 Portwest Dr
Houston, TX 77024
Cottage Grove


HIGHLIGHTS

  • Irreplaceable Infill Location
  • Adaptive Reuse Potential
  • Short-term Leases
  • Ideal Covered Land Play
  • 3 User-Sized Buildings

OVERVIEW

CBRE, on behalf of the seller, is pleased to offer investors the opportunity to acquire a fee simple interest in Westport Business Park. The flex project is comprised of 3 free standing buildings situated on 4.05 acres inside the loop, with access to I-610 and I-10 via Old Katy Road. The buildings feature grade-level loading with overhead doors and efficient floorplates, ideal for single users or multiple tenants, making it an outstanding covered land play opportunity. Robust development activity extends from the Memorial Drive/Washington Avenue corridor all the way northwest of I-610 and along Hempstead Highway. The rapid pace of new projects in this affluent area is driving existing property values and creates high potential for existing product. Private storage, destination retail, creative office, high-rise residential, and adaptive reuse are all in demand at this key inner Houston location, due in great part to new, high-density developments. Westport Business Park‘s premier infill location features excellent access to the affluent Memorial and River Oaks neighborhoods. The site is ideally positioned to serve demand from high-net-worth individuals for destination retail, private storage, and creative offices. Situated in a safe, professional area with low through traffic, Westport Business Center benefits both owner occupants and tenants with an infill location and inner-city dynamics with relative privacy. This highly constrained land sub-market is primed for redevelopment opportunities and long-term strategies such as covered land investments. Infill sites in growth corridors with development ready proportions are ideal targets for covered land plays and adaptive reuse potential. Office towers, retail grocery, private storage, high density residential, and other uses can be developed on 4-acre sites.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

For Sale- Westport Business Park

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

200

LAND DETAILS

LAND ACRES

4.05

LAND SF

176,418

ZONING

-

APN/PARCEL ID

1146970010001

ASK ABOUT THIS PROPERTY

Nathan WynneCBREMore Info
713-577-1724

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Nathan WynneCBREMore Info
713-577-1724

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