Office

3600 S. Gessner Building

3600 S Gessner Rd, Houston, TX 77063

Listing Price: $5,900,000

Cap Rate
8.49%
Gross SF
66,806
Rentable SF
66,806
Price/Gross SF
$88.32
Lot Size
3.41 acres
Year Built
1978

Investment Overview

3600 S. Gessner Office Building, located in the deed restricted Westchase District, offers an investor the opportunity to purchase a 2-story Class B office building on a major North/South thoroughfare in Houston, Texas. The asset offers an immediate appeal upon arrival which is further affirmed upon entrance to the building's interior and well appointed 2-story atrium further enhanced by skylights throughout the atrium area.

According to the Westchase District website (https://www.westchasedistrict.com): "Many leading-edge companies are based in Westchase District, including several from the Fortune 200: Kroger; Bank of America; Phillips 66; Target; Cisco; MetLife; Honeywell, National Oilwell Varco; and Office Depot. Other businesses claim Westchase District as their corporate headquarters, including CGG, BMC Software, Cardtronics, Tailored Brands and Phillips 66. Although many of our areas businesses are energy-related (Chevron and Schlumberger, among others), our area is heavy in engineering and construction companies as well, including ABB, Aker Solutions, CB&I, Costello, Inc; D.E. Harvey Builders, EHRA Engineering, Hoar Construction, Jacobs Engineering, Lockwood Andrews & Newnam and LJA Engineering. Our areas diverse job basis keeps Westchase District stable during industry-specific economic downturns. More than a half-million people live within 5 miles of Westchase District. Together, they constitute a readily available, educated and highly skilled labor pool."

The Westchase District offers dozens of restaurants with access to eateries from fast casual to fine dining that include most ethnic foods. There is no shortage of options in which to dine or shop.

3600 S. Gessner offers any investor or owner/user a quality, affordable office property within one-half mile of the Westpark Tollway, the major East-West Highway connecting Westchase to not only to Uptown/Galleria, but also Cinco Ranch, a large master-planned development in far west Houston at the intersection of the Westpark Tollway and the Grand Parkway.

Investment Highlights

  • Value-Add Investment Opportunity
  • Day One Returns Exceed 19% with Pro Forma Estimated Returns of 25%
  • Current Rents + 20% Below Market Average
  • Located in Westchase District-760 Acre Deed Restricted Planned Mixed-Use Development
  • Located in Houston's 4th Largest Office Submarket w/ Daytime Population +/- 100,000
  • Immaculately Maintained Class B Office Property

Exclusively Listed By

Financing By

Listing Price: $5,900,000

Cap Rate
8.49%
Gross SF
66,806
Rentable SF
66,806
Price/Gross SF
$88.32
Lot Size
3.41 acres
Year Built
1978

Investment Highlights

  • Value-Add Investment Opportunity
  • Day One Returns Exceed 19% with Pro Forma Estimated Returns of 25%
  • Current Rents + 20% Below Market Average
  • Located in Westchase District-760 Acre Deed Restricted Planned Mixed-Use Development
  • Located in Houston's 4th Largest Office Submarket w/ Daytime Population +/- 100,000
  • Immaculately Maintained Class B Office Property

Investment Overview

3600 S. Gessner Office Building, located in the deed restricted Westchase District, offers an investor the opportunity to purchase a 2-story Class B office building on a major North/South thoroughfare in Houston, Texas. The asset offers an immediate appeal upon arrival which is further affirmed upon entrance to the building's interior and well appointed 2-story atrium further enhanced by skylights throughout the atrium area.

According to the Westchase District website (https://www.westchasedistrict.com): "Many leading-edge companies are based in Westchase District, including several from the Fortune 200: Kroger; Bank of America; Phillips 66; Target; Cisco; MetLife; Honeywell, National Oilwell Varco; and Office Depot. Other businesses claim Westchase District as their corporate headquarters, including CGG, BMC Software, Cardtronics, Tailored Brands and Phillips 66. Although many of our areas businesses are energy-related (Chevron and Schlumberger, among others), our area is heavy in engineering and construction companies as well, including ABB, Aker Solutions, CB&I, Costello, Inc; D.E. Harvey Builders, EHRA Engineering, Hoar Construction, Jacobs Engineering, Lockwood Andrews & Newnam and LJA Engineering. Our areas diverse job basis keeps Westchase District stable during industry-specific economic downturns. More than a half-million people live within 5 miles of Westchase District. Together, they constitute a readily available, educated and highly skilled labor pool."

The Westchase District offers dozens of restaurants with access to eateries from fast casual to fine dining that include most ethnic foods. There is no shortage of options in which to dine or shop.

3600 S. Gessner offers any investor or owner/user a quality, affordable office property within one-half mile of the Westpark Tollway, the major East-West Highway connecting Westchase to not only to Uptown/Galleria, but also Cinco Ranch, a large master-planned development in far west Houston at the intersection of the Westpark Tollway and the Grand Parkway.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower