Sugar Creek on the Lake
US - Sugar Land, Americas
47,987 m²
Asset Description
Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present for sale a 100% fee simple interest in Waterway Plaza II (“the Property”), a 142,558 square-foot Class A office building in a highly accessible location within The Woodlands submarket. At 52.7% leased, Waterway Plaza II offers the rare opportunity to acquire value-add office within The Woodlands, one of Houston’s most desirable commercial & residential cores. The Woodlands continues to prove resilient and enjoys strong leasing activity due to the lack of significant supply and superior live-work-play environment. Waterway Plaza II benefits from its irreplaceable location near The Woodlands Waterway on the intersection of Woodloch Forest Dr and Timberloch Pl, just minutes from I-45, offering immediate access to one of Houston’s major thoroughfares and a robust employee base.
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Attributes
Building area net
13,244 m²
Occupancy
52.7%
Year built
2000
Number of floors
6 floors
Land area gross
1 ha
Building class
A
Investment strategy
Core
WAULT
4.9 years
Media
Investment Highlights
- Rare Value-Add Offering within One of Houston’s Most Resilient Submarkets
- Efficient Floor Plates with Ability to Capture a Broad Section of Tenant Demand
- Prime Speculative Suite Opportunity with Ideal Suite Sizes
- Highly Diversified Rent Roll
- Attractive Risk-Adjusted Basis at a Fraction of Replacement Cost
- Historically Well-Occupied Asset
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Last updated
15 Apr 2024
