INSTITUTIONALLY MAINTAINED CLASS A OFFICE
Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Northpoint Central (the Property), an approximate 180,000 square-foot, institutionally maintained, multi-tenant, nine-story office building and structured parking garage located in Houston, Texas. Strategically located in the southeast quadrant of Houston’s North Freeway (Interstate 45) and North Sam Houston Parkway (Beltway 8), Northpoint Central has maintained an above-market average occupancy for over ten years, with stable cash flow and long-term in-place tenancy. The new owner will benefit from strong, in-place cash flow, current returns and significant upside potential. Northpoint Central’s marquis tenants-Hunting Energy, UTC Overseas, and W.S. Nelson-represent a potential average remaining lease term of seven and one-half years. The renewing of these committed long-term tenants create a unique value-add opportunity.
More Than $2 Million Capital Improvements Over the Past Nine Years
Excellent Visibility & Accesabilty
Significant Discount to Replacement Cost
Stabilized Asset With Attractive Upside
Immediate Access to Houston's Primary Thoroughfares
Top-Tier Office Tower
- Property Type
Office
- Submarket
- Year Built
1982Renovated 2014
- Total Building Size
180,644RSF
- Total Acres
4.2
- Total Available
7,192RSF
- Number of Floors
9
- Largest Contiguous
4,709RSF
- Building Class
A
- Property ID
474869
