1700 West Loop South_Property for Sale
1700 West Loop South_Property for Sale

1700 West Loop South

1700 S Loop W, Houston, TX, 77054, US

Asset Description

JLL Capital Markets is pleased to offer for sale 1700 West Loop South (the “Property”), a 94.2% occupied, Class A office tower prominently located in the Galleria submarket of Houston, Texas. The Property is anchored by a full-service engineering firm Burns & McDonnell with 7.2 years of term remaining. Burns & McDonnell ranks as the 7th best engineering and architectural design firm in the United States. The company reached a record $7.3 billion in revenue in 2023 and is currently the second largest civil and structural engineering firm in the Houston MSA.


1700 West Loop South offers tenants a highly visible and strategic location providing convenient access across the region as well as direct access to Houston’s most prestigious residential neighborhoods – River Oaks, the Memorial Villages, and Tanglewood. The Property is located in the heart of the Galleria submarket, which features 24,052 apartments, more than 9,000 hotel rooms, and 6 million square-feet of retail, most of which is within walkable proximity of the Property.

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Attributes

Building area net
273,163 sf
Occupancy
94%
Year built
1972
Year renovated
2021
Land area gross
1.57 acres
WAULT
6.7 years
Building class
A
Number of floors
14

Media

Investment Highlights

  • DURABLE CASH FLOW OFFERING ATTRACTIVE CONTRACTUAL YIELD
  • STABLE RENT ROLL AND CASH FLOW WITH 85% OF THE NRA LEASED FOR 7+ YEARS
  • INDUSTRY LEADING ANCHOR TENANT WITH SIGNIFICANT TERM
  • WALKABLE TO SEVERAL RESTAURANTS AND UPTOWN PARK
  • AMONG HOUSTON'S MOST AFFLUENT RESIDENTIAL NEIGHBORHOODS
  • ENHANCED WALKABILITY
  • CONNECTED HOTEL UNDERGOING LARGE-SCALE RENOVATIONS
1700 West Loop South 4_Property for Sale
1700 West Loop South 4_Property for Sale

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1700 West Loop South (0 Properties)

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Last updated
19 Nov 2024