This property is Off-Market

14425 Torrey Chase Blvd.
Houston, TX 77014 ·

56,228 SF · Office For Sale

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Torrey Chase I

Price N/A Property Use Type Investment
Building Size 56,228 SF Year Built 1983
Property Type Office Lot Size 2.64 AC
Property Sub-type Office Building
Listing ID: 18335969 Date Created: 08/30/2013 Last Updated: 03/14/2014

Description

Sperry Van Ness is proud to offer for sale a freestanding three-story office building situated on a separate legal parcel in Harris County, Houston, Texas. It's street frontage location provides a high image with glass panel surrounded building. Part of a portfolio of Torrey Chase II . See Torrey Chase II .

Torrey Chase I is located in the FM1960/Champions submarket in the northwest area of Houston. This area is known for the notable private country clubs such as Champions, Northgate Country Club, Ravenaux Country Club, and Champions Golf Club which hosted the US Open, Champions International and Ryder Cup. It is conveniently located minutes away from David Wayne Hooks Airport with immediate access to the 45 North Freeway, Sam Houston Tollway, and 249 Tomball Parkway. Furthermore, this subject property is ideal for a successful business owners residing in the neighboring high profile estates.

Highlights

  • Upside Pro Forma: Cap Rate 9.9%, Cash On Cash Return 15%, -Actual Cap 8.6%
  • Upside in occupancy and rents due to rapidly increasing Energy Industry -in the area of new EXXON Campus
  • Currently negotiating leases that will increase occupancy stabilizing at 85% in 2014-2015

Research

14425 Torrey Chase Blvd., Houston, TX 77014 (Harris County)

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