Skip to main content

Office

Torrey Chase I

14425 Torrey Chase Blvd, Houston, TX 77014

Listing Price: $3,500,000

Cap Rate
6.53%
Rentable SF
58,125
Lot Size
2.64 acres
Year Built
1983

Investment Overview

14425 Torrey Chase Boulevard, located in the Torrey Chase Office Park, is in the heart of the Cypress Creek Parkway office submarket. Torrey Chase Office Park is comprised of both local and out of state investors as well as many owner/occupiers. This well-maintained asset is equidistant from I-45 North and Highway 249, two major highways which allow access to all parts of the city. Cypress Creek Parkway is the major east-west six lane corridor connecting I-45 North and Highway 249. The Property offers residents and tenants access to national, regional, and local retailers such as Target, Bed, Bath and Beyond, Hobby Lobby, Ross, The Container Store as well as the convenience of numerous upscale restaurant favorites such as BJ’s Restaurant & Brewhouse, Pappadeaux Seafood Kitchen, and Perry’s Steakhouse & Grille. For the avid golfer, there are two exclusive golf courses in the immediate area: Champions Golf Club and Northgate Country Club enhancing the property’s appeal. The Property has tremendous upside for any investor. Current occupancy is over 62 percent equating to a 6.53 percent cap rate. For an owner/occupier, the building provides multiple suite options and room for growth. Due to the below market occupancy, the seller is prepared to sell for only $60.22/RSF. At this price level, this opportunity is ideal for an investor or owner/occupier allowing one to purchase a quality Class B office building for less than one-half of replacement cost today.

Investment Highlights

  • Proforma Cap Rate of 12.54 Percent
  • True Value-Add Opportunity
  • Priced at only $60.22/RSF
  • Capital Improvements Totaling Approximately $437,585 in Last 3 years
  • New TPO Roof installed 2019
  • All Restrooms Upgraded
  • 63% of Rooftop HVAC units replaced in Last 3 years
  • Business Park in Quiet Wooded Setting

Exclusively Listed By

Financing By

Listing Price: $3,500,000

Cap Rate
6.53%
Rentable SF
58,125
Lot Size
2.64 acres
Year Built
1983

Investment Highlights

  • Proforma Cap Rate of 12.54 Percent
  • True Value-Add Opportunity
  • Priced at only $60.22/RSF
  • Capital Improvements Totaling Approximately $437,585 in Last 3 years
  • New TPO Roof installed 2019
  • All Restrooms Upgraded
  • 63% of Rooftop HVAC units replaced in Last 3 years
  • Business Park in Quiet Wooded Setting

Investment Overview

14425 Torrey Chase Boulevard, located in the Torrey Chase Office Park, is in the heart of the Cypress Creek Parkway office submarket. Torrey Chase Office Park is comprised of both local and out of state investors as well as many owner/occupiers. This well-maintained asset is equidistant from I-45 North and Highway 249, two major highways which allow access to all parts of the city. Cypress Creek Parkway is the major east-west six lane corridor connecting I-45 North and Highway 249. The Property offers residents and tenants access to national, regional, and local retailers such as Target, Bed, Bath and Beyond, Hobby Lobby, Ross, The Container Store as well as the convenience of numerous upscale restaurant favorites such as BJ’s Restaurant & Brewhouse, Pappadeaux Seafood Kitchen, and Perry’s Steakhouse & Grille. For the avid golfer, there are two exclusive golf courses in the immediate area: Champions Golf Club and Northgate Country Club enhancing the property’s appeal. The Property has tremendous upside for any investor. Current occupancy is over 62 percent equating to a 6.53 percent cap rate. For an owner/occupier, the building provides multiple suite options and room for growth. Due to the below market occupancy, the seller is prepared to sell for only $60.22/RSF. At this price level, this opportunity is ideal for an investor or owner/occupier allowing one to purchase a quality Class B office building for less than one-half of replacement cost today.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower