713-320-3837
3411 Richmond Ave, Houston, TX for Sale
Office - FOR SALE
1/5
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NEW


3411 Richmond Ave
Houston, TX 77046
Greenway-Upper Kirby


HIGHLIGHTS

  • Unique Infill User Opportunity
  • Opportunity to Capitalize on the RO
  • Ability to Increase Leasing Momentum at an Exceptional Basis
  • Exceptional Accessibility to Major Thoroughfares
  • Irreplaceable Infill Location
  • Exceptional Demographics

OVERVIEW

JLL Capital Markets, on behalf of ownership, is pleased to present the opportunity to acquire a 100% fee simple interest in 3411 Richmond (“the Property”) an 82,692 square foot office property located in the Greenway Plaza submarket in Houston, TX. The Property is currently 89% leased and owned by DMC builders, who currently occupies approximately 40% of the building. Upon sale, DMC Builders will enter a short-term (1-2 year) lease back of their space at market rates. 3411 Richmond offers investors a strategic value-add investment that has been well maintained in a highly walkable location via the lease-up of the vacant space. 3411 Richmond is a unique opportunity to purchase a cash flowing office building significantly below replacement cost in the Greenway Plaza submarket. With the new RO development underway, the Property presents compelling value for both owner-occupiers seeking premium amenities and investors targeting strong returns generated by recent increased leasing demand.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Richmond Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

330

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

None

APN/PARCEL ID

0410170050079

ASK ABOUT THIS PROPERTY

Marty HoganJLLMore Info
713-320-3837

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Marty HoganJLLMore Info
713-320-3837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.