Listed by Avison Young - Houston Galleria
Unpriced
Merlyn Plaza
Details
Property Type Office
Sub Type Medical Office
Square Footage 113,273
Occupancy 56.7%
Class A
Year Built 1980
Year Renovated 2014-15
Buildings 1
Stories 6
Acreage 3.170
Investment Type Owner/User
Office | 113,273 SqFt
Marketing description
Building Amenities
Highly visible building with freeway frontage (+/-270,000 CPD)
Conferencing facility
Grand piano plays in the lobby
Vending machine room with seating
Card key access system & security cameras
Ample garage & surface parking
Investment highlights
Owner/user investment opportunity
Currently 56.7% occupied by a highly diversified tenant roster.
Stable cash flow with value-add upside as market rebounds.
Significant discount to replacement cost.
Strategic mix of approximately 23 tenants with average lease size of +/- 2,786 SF with strong
concentration in legal, government and financial services tenancy.
Listing Contacts
Listed by Avison Young - Houston Galleria
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Is there information that looks off?
