Investment Overview

14614 Falling Creek Drive, located less than one block North of Cypress Creek Parkway, is strategically located in the heart of the Cypress Creek Parkway Office Submarket. Falling Creek, comprised of a local tenant base, is a well-maintained office asset equidistant from I-45 North and Highway 249. These two major highways allow access to all parts of the city. Cypress Creek Parkway is the major east-west six-lane corridor connecting these two corridors, 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. At 22.2% occupancy, Falling Creek affords an investor tremendous upside. 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 the office building for only $42.04/RSF. At this price level, this opportunity is ideal for an investor or owner/occupier to purchase a well-maintained Class B office building for practically the value of the land ($20.75/SF).