Unit Southwest Corporate Center
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Available on
December 15, 2023
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Time on Market
5 months
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Last updated
Dec 14, 2023
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Space ID
2153605
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Presented By
TRANSWESTERNMichelle WoganPAULA MUSA
Property Details
Value-Add: At 52% occupancy, the Property provides investors with a secure income stream while offering immediate upside through the lease-up of existing white box and turn-key vacancies. . Renowned Anchor Tenants: The Property is anchored by a mix of national and regional medical and office anchor tenants, including Texas Children's Hospital, DIRECTV, Texas Department of Family and Protective Services and S4 Communications.. Generational Hold & Repositioning Opportunity: Located at the dominant intersection of Highway 59 and Bissonnet Street, the 39 acre campus offers an irreplaceable position within a dense, infill market.. Excellent Connectivity: Located along Highway 59 in southwest Houston with immediate access to Beltway 8, the Property offers access to Houston’s top suburban communities, downtown and several vital business hubs. Recent Capital Improvements: Over the past decade, the owner has made significant capital investments into the Property, creating a modern campus setting. . Below Replacement Cost: Based on current construction costs as well as the cost of infill land, this property provides an opportunity to maximize value and purchase well below replacement cost in today’s economic environment. . Additional Value Creation: The Property offers numerous opportunities to create additional value including the ability to unbundle the asset. A combination of separate parcels, including four pad sites with excellent exposure to Bissonnet Street and an 8.6 acre undeveloped tract, results in unmatched investment potential.
- Property TypeRetail
- Submarket
- Last updatedDec 15, 2023
- Property ID2231457