9800 Richmond Ave, Houston, TX 77042
3 Office Properties Offered at $23,000,000 in Houston, TX
For Sale
Active
3 pictures
Asking Price $23,000,000
- Property Type
-
Office
- Square Feet
- 430,670 SF
Listing Contacts
Anthony DeLorenzo
Todd Casper
Jared Chua
Matthew Murphy
Property 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.
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.
Highlights
- Available Individually or as a Portfolio.
- High Quality Institutionally Owned Assets.
- Fraction of Replacement Cost.
- Seller is offering low interest seller financing at a LTV of up to 60% at a starting rate of 3.0% to qualified investors.
All available spaces
- Space
- Size
- 177,096 SF
- Price
- $10,000,000
- Space Subtype
- Office
- Space
- Size
- 135,315 SF
- Price
- $5,500,000
- Space Subtype
- Office
- Space
- Size
- 118,259 SF
- Price
- $7,500,000
- Space Subtype
- Office
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].