Historical Office Sale Listing - 6065 HILLCROFT PLAZA

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6065 HILLCROFT PLAZA

6065 Hillcroft Plaza, Houston, TX 77081

N/A

61,851 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
61,851 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Cap Rate:
10.90%
Occupancy:
90%
No. Stories:
6
Building Class:
B
Tenancy:
Multiple
Year Built:
1971
Lot Size:
2.18 AC
Parking Ratio:
3.50 / 1,000 SF
Listing ID
15766758
Last Updated
over 1 year ago

Highlights

  • 89% Occupancy With Rental Rate Upside
  • 12% COC Return With 6.40% Assumable Loan
  • 8.26% CAP Rate With Renewal Rates
  • Over 90% Avg. Occupancy Prior 5 Years
  • Upside In Rents- Existing Rents $2.00/SF Under Mkt

Description

Attractive and extremely well maintained six story office building with attractive Cash-on Cash returns and long term stable historical occupancy. Owner will consider providing preferred equity to ensure an 80% loan to value ratio. Hillcroft Plaza is currently 90% leased. Current building rents are $ 2.00 psf below market allowing an investor significant upside.

The building is located in the Southwest Freeway (US-59) Hillcroft business district 8.4 miles southeast of the CBD. Conveniently located within minutes from all major developments in the area, including The Galleria, Sam Houston Tollway, Loop 610 and Uptown Houston.

Map of 6065 Hillcroft Plaza, Houston, TX 77081

Research for 6065 Hillcroft Plaza, Houston, TX 77081 (Harris County)

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