This property is Off-Market

12941 I-45 North
Houston, TX 77060 ·

180,000 SF · Office For Sale

N/A

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Wells Fargo Northborough

Price N/A No. Stories 8
Building Size 180,000 SF Building Class A
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1982
Property Use Type Investment Lot Size 4.70 AC
Cap Rate 8% Parking Ratio 3.30 / 1,000 SF
Occupancy 88%
Listing ID: 14455486 Date Created: 01/06/2006 Last Updated: 11/25/2006

Description

8.0% Actual Cap rate, 8 story office building in a great locaiton in Greenspoint submarket of Houston. Great National Tenants with very little roll over. The building is located by the I-45 freeway with great exposure and great recent renewal activity.

I-45 in Greenspoint submarket

Highlights

  • 8.0 actual cap on actual occupancy
  • Great location
  • very low roll over in the next 3 years
  • High renewal rate
  • Credit tenants
  • Price well below replacement cost

Research

12941 I-45 North, Houston, TX 77060 (Harris County)

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