801 Travis_Property for Sale
801 Travis_Property for Sale
801 Travis St, Houston, TX, 77002-5719, US

801 Travis

Asset description

JLL Capital Markets, as exclusive advisor to the owner, is pleased to offer for sale a 100% fee simple interest in 801 Travis (the Property), a 222,192 square foot Office tower in the heart of Houston’s Central Business District. Built in 1981 and subsequently renovated in 2007 and 2014, the Property is situated on a 0.43-acre urban infill site that features an array of walkable amenities, including residential, retail, hotel, dining, public parks, public transportation, and entertainment/sports venues. With a 10 floor parking garage, two of which are leased by the adjoined JW Marriott, the Property offers an above-market parking ratio of 2.00/1,000 SF and the ability to accommodate on-site parking for both tenants and visitors.


At 43% occupied, 801 Travis presents investors with an opportunity to create significant value through the lease up of vacant space. The contemplated basis, which will be a fraction of its peer group, will allow new ownership the ability to offer attractive leasing terms to tenants in the market that give the Property a newfound competitive advantage among its peers.

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Attributes

Building area net
20,642 sm
Occupancy
43%
Year built
1981
Year renovated
2014
Floors
21
Land area net
0.17 ha
WAULT
5.4 years
Investment strategy
Value Add

Media

Investment highlights

  • Value-Add Opportunity at Extremely Attractive Basis
  • Connected to Luxurious 4-Star Hotel
  • Excellent Building Functionality Offering Multiple Stabilization Strategies
  • Main-and-Main Downtown Location
  • Expansive List of Amenities with Direct Tunnel Access and On-Site Retail
  • Market Leading Parking Capabilities
  • Significant Capital Improvements by Ownership
801 Travis 4_Property for Sale
801 Travis 4_Property for Sale

Contact brokers

801 Travis (0 Properties)

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Last updated
Dec 4, 2024