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Office

Champions Forest

13231 Champion Forest Dr, Houston, TX 77069

Listing Price: $6,800,000

Cap Rate
8.53%
Gross SF
63,980
Rentable SF
63,980
Price/Gross SF
$106.28
Lot Size
2.58 acres
Year Built
1979

Investment Overview

Marcus & Millichap is pleased to offer for sale Champions Forest, a 4-story office building located in a wooded environment at 13231 Champion Forest Drive in Houston, Texas. The offering provides an investor not only a stabilized office investment with steady cash flow, but also an opportunity to purchase a well-maintained Class B+ suburban office building located in the affluent Champions Forest area of north Houston.

Interior finishes have been well maintained throughout the current ownerships history which includes upgraded restrooms. This outstanding property, strategically placed within a quiet wooded setting along Champion Forest Drive and only one block north of Cypress Creek Parkway, the major East-West 6-lane highway corridor connecting I-45 and Highway 249. The asset allows an investor to reap the benefits of the current ownerships attention to detail and its attentiveness to its tenants.

The property offers residents and tenants access to national, regional and local retailers such as Bed, Bath and Beyond, Hobby Lobby, Ross, The Container Store as well as the convenience of numerous restaurant favorites such as Lupe Tortilla, Pappadeauxs Cajun Seafood, La Madeleine that are available for local business and residents in this center of commerce of north Houston.

Investment Highlights

  • Day One Returns Exceed 19% w/ Pro Forma Estimated Returns of 22%
  • Current Rents Below Market Average
  • Historically, Building Occupancy has Ranged Between 90% - 100%
  • Quiet Wooded Setting Along Picturesque Champion Forest Drive
  • Located in the Affluent Area of Champions Forest in North Houston
  • Ideal Investor or Owner/User Opportunity

Exclusively Listed By

Listing Price: $6,800,000

Cap Rate
8.53%
Gross SF
63,980
Rentable SF
63,980
Price/Gross SF
$106.28
Lot Size
2.58 acres
Year Built
1979

Investment Highlights

  • Day One Returns Exceed 19% w/ Pro Forma Estimated Returns of 22%
  • Current Rents Below Market Average
  • Historically, Building Occupancy has Ranged Between 90% - 100%
  • Quiet Wooded Setting Along Picturesque Champion Forest Drive
  • Located in the Affluent Area of Champions Forest in North Houston
  • Ideal Investor or Owner/User Opportunity

Investment Overview

Marcus & Millichap is pleased to offer for sale Champions Forest, a 4-story office building located in a wooded environment at 13231 Champion Forest Drive in Houston, Texas. The offering provides an investor not only a stabilized office investment with steady cash flow, but also an opportunity to purchase a well-maintained Class B+ suburban office building located in the affluent Champions Forest area of north Houston.

Interior finishes have been well maintained throughout the current ownerships history which includes upgraded restrooms. This outstanding property, strategically placed within a quiet wooded setting along Champion Forest Drive and only one block north of Cypress Creek Parkway, the major East-West 6-lane highway corridor connecting I-45 and Highway 249. The asset allows an investor to reap the benefits of the current ownerships attention to detail and its attentiveness to its tenants.

The property offers residents and tenants access to national, regional and local retailers such as Bed, Bath and Beyond, Hobby Lobby, Ross, The Container Store as well as the convenience of numerous restaurant favorites such as Lupe Tortilla, Pappadeauxs Cajun Seafood, La Madeleine that are available for local business and residents in this center of commerce of north Houston.

Exclusively Listed By

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