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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