CBRE is pleased to present the opportunity to acquire Westchase Place (the “Property”), a quality office property located at 11200 Richmond Ave in Houston’s coveted Westchase District (“Westchase” or the “District”). Built in 1999, the Property is comprised of a six-story office building with 151,711 net rentable square feet of Class A office space. The Property also includes a three-level structured garage and covered surface parking that total to provide an above-market parking ratio of 4.43 per 1,000 square feet of rentable area.
Institutionally-owned and maintained, the Property provides investors the value-add opportunity to increase occupancy and drive rents, while maintaining a diverse and loyal base of existing tenancy. 11200 Richmond features a strategic location along Richmond Avenue in the western portion of the Westchase District. Located on a 4.79-acre site on the north side of Richmond Avenue, the Property has convenient access to the amenity-rich Westchase district, as well as the Sam Houston Tollway to the east and Westpark Tollway to the South.
The offering is being made on an un-priced and as-is basis.