REIT Sale | 47.8% Occupied | Signalized Hard Corner | 54K VPD Traffic

Investment Highlights

• ±142,194 SF, Multi-Tenant Office Building on 3.66-Acre Parcel with Covered Parking Located Five Minutes from IAH Airport
• 47.8% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available for Lease
• Walkable to HCA Houston Healthcare Northwest, Kroger, Planet Fitness, Dekaney High School, Numerous Hotels and Restaurants
• Amenities: On-Site Management, After-Hours Controlled Access, On-Site Banking, Monitored Security Cameras, Tenant Lounge with Parks Pantry Market
• Located at Signalized Hard Corner with Traffic Count of ±54,531 Vehicles Per Day
• Densely Populated Area That Services ±291,264 Individuals in a 5-Mile Radius with an Average Household Income of ±$82,330 

Offering Summary

Marcus & Millichap is pleased to offer for sale the fee simple interest in a ±142,194 square foot, 47.8% occupied, multi-tenant office building located at 616 Cypress Creek Pkwy in Houston, TX (the “Property”). This offering represents an opportunity to acquire a mid-rise office building in the heart of the FM 1960 office submarket with plenty of upside through lease up or repositioning.
 
The site is approximately 3.66 acres and includes a multi-story concrete garage for tenants and guests. Property amenities include move-in ready suites, after-hours controlled access, covered parking, on-site banking, and tenant lounge with parks pantry market. The Property is strategically located only five minutes from the George Bush Intercontinental Airport (IAH), 15 minutes to The Woodlands, and conveniently positioned in close proximity to HCA Houston Healthcare Northwest, shopping centers, and hotels catering to business travel. It is situated less than a mile from I-45 and minutes from Sam Houston Parkway (Outer Perimeter) and Hardy Toll Road, a toll road connecting to the heart of Houston and The Woodlands.