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Westchase Place - 11200 Richmond Avenue - Houston, TX
Opportunity:
A creditworthy tenant list headed by the headquarter
operations for three companies underpins a good equity yield. Located in the Westchase District, one of the largest and most
dynamic multi-use commercial areas in Houston. The property
benefits from excellent access, just west of the Sam Houston
Tollway, and the new East-West Tollway.
View a detailed map of this property (MapQuest).
- Property: Six-Story, Class A Office Building with Three-Story Parking Garage
- Purchased: February, 2003
- Size: 151,461 SF
- Built: July 1999
- Ownership: Westminster Westchase LP, owned 60% Fund IV and 40% Fund V
- At Acquisition:
- Price: $17,750,000
- Occupancy: 92.5%
- Cost per SF: $117
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