The Offices at Park 10 16285 Park Ten Place Dr
157,460 SF 64% Leased 4-Star Office Building Houston, TX 77084 For Sale
INVESTMENT HIGHLIGHTS
- HIGH-QUALITY, CLASS A OFFICE WITH STRONG TENANT DRIVERS
- COMPELLING INVESTMENT PROFILE THAT PROVIDES A HIGH LEVEL OF STABILITY AND AN ATTRACTIVE UPSIDE THROUGH LEASING AND MARK-TOMARKET OPPORTUNITIES
- STRATEGIC WEST HOUSTON LOCATION WITH A STRONG PRESENT PERFORMANCE
EXECUTIVE SUMMARY
CBRE National Office Partners, as exclusive advisor, is pleased
to present the outstanding opportunity to acquire the fee simple
interest in The Offices at Park Ten (the “Property”) located in
Houston, Texas. The Property totals 314,355 square feet across
two, Class A office buildings. The Offices at Park Ten are 81.0%
leased with 6.7 years of weighted average lease term, providing
an investor with stable in-place cash flow and significant upside
through lease up of the existing vacancy and as below-market
leases roll to market. The offering is being made un-priced and on
an “as-is, where-is” basis.
to present the outstanding opportunity to acquire the fee simple
interest in The Offices at Park Ten (the “Property”) located in
Houston, Texas. The Property totals 314,355 square feet across
two, Class A office buildings. The Offices at Park Ten are 81.0%
leased with 6.7 years of weighted average lease term, providing
an investor with stable in-place cash flow and significant upside
through lease up of the existing vacancy and as below-market
leases roll to market. The offering is being made un-priced and on
an “as-is, where-is” basis.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
157,460 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1999
Percent Leased
64%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
26,167 SF
Slab To Slab
12’
Building FAR
1.10
Lot Size
3.28 AC
Zoning
None
Parking
500 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- Fitness Center
- Property Manager on Site
- Restaurant
- Signage
- Natural Light
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 5,426 SF
- Office
- Partial Build-Out
- Now
- 1st Floor
- 11,705 SF
- Office
- Partial Build-Out
- Now
- 2nd Floor
- 11,352 SF
- Office
- Partial Build-Out
- Now
- 4th Floor
- 27,429 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,426 SF | Office | Partial Build-Out | Now |
| 1st Floor | 11,705 SF | Office | Partial Build-Out | Now |
| 2nd Floor | 11,352 SF | Office | Partial Build-Out | Now |
| 4th Floor | 27,429 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 5,426 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 11,705 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 11,352 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Floor
| Size |
| 27,429 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 1145020000002 | Improvements Assessment | $29,017,933 CAD |
| Land Assessment | $5,111,856 CAD | Total Assessment | $34,129,788 CAD |
