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32449420
32449424

3 Locations

RG
TX 564323
JLL - Houston, Texas
KM
TX 604147
JLL - Houston, Texas
JLL - Houston, Texas
Listed by JLL - Houston, Texas
Unpriced
24 days on market
Updated 24 days ago

Loop Central

Details
Property Type Office
Sub Type Traditional Office
Square Footage 574,944
Net Rentable (SqFt) 574,944
Units 1905
Occupancy 64.9%
Tenancy Multi
Class B
Year Built 1982
Year Renovated 2020
Buildings 3
Stories 10
Acreage 8.220
Parking Spaces 1,905 spaces
Parking Per SqFt 3.31
Investment Type Value Add

Urban Value-Add Office | 5-Yr WALT with Attractive Yield & Basis | Houston, TX

Marketing description

JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Loop Central (the "Property"), a prominent, three-building office campus within the West Loop/Galleria submarket of Houston, Texas. The asset consists of 574,944 rentable square feet and is currently 64.9% occupied with a 5.0-year weighted average lease term remaining. Strategically situated along the 610 West Loop, the Property offers exceptional visibility and superior access to Houston's premier residential enclaves, including Tanglewood and River Oaks. This investment provides a unique value-add opportunity to capitalize on the robust leasing momentum in Houston through the lease-up of available space at an attractive basis. Loop Central represents a rare chance to acquire a scale-driven office asset with a clear path to significant appreciation in Houston's most active infill submarket.

Investment highlights

  • LEASE-UP OPPORTUNITY AT AN ATTRACTIVE BASIS
  • IN-PLACE CASH FLOW WITH STAGGERED ROLLOVER
  • TOP-TIER ONSITE AMENITIES
  • CAPITAL UPGRADES & AMENITY MODERNIZATION
  • IMMEDIATE EASTERN CONNECTIVITY
  • PRIME GALLERIA FRONTAGE

Listing Contacts

RG
TX 564323
JLL - Houston, Texas
KM
TX 604147
JLL - Houston, Texas
JLL - Houston, Texas
Listed by JLL - Houston, Texas

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