For Sale | Investment Offering | Two NNN Leased Office Buildings - 4805 Westway Park Blvd, Houston, TX 77041

Unique West Houston Net Leased investment offering comprised of a 4.8-acre property with two buildings built for Seismic Exchange, Inc. (SEI). Located in the 150-acre, deed-restricted Westway Business Park, corporate neighbors include Schlumberger, GE Oil & Gas, Baker Hughes, Schneider Electric, Travelers Insurance and Cyrus One, among others.  4805 Westway Park is the company’s headquarters, and SEI will lease this Class “A” building for seven years. 11050 Capital Park, which is currently vacant, will be leased for three years by SEI at a below market rental rate, and listed at a higher cap rate. The “blended” cap rate is 8.73%. While the investment has an NOI of $2,368,121 in Year One with 2% annual increases, it is an opportunistic investment allowing the Buyer to backfill 11050 Capital Park with a longer-term tenant at a “market” rental rate and revalue the property at a much lower market cap rate. Price: $27,131,325

Two NNN leased office buildings on 4.8 acres
In 150-acre, deed-restricted Westway Business Park
NOI of $2,368,121 with 2% annual rent bumps