Sugar Creek on the Lake _Property for Sale
Sugar Creek on the Lake _Property for Sale
14141 Southwest Fwy, Sugar Land, TX, 77478-4630, US

Sugar Creek on the Lake

Asset Description

JLL Capital Markets, as exclusive advisor to the owner, is pleased to present for sale a 100% fee simple interest in Sugar Creek on The Lake ("the Property"), a suburban, 516,526 square foot, headquarters quality office building in one of Houston’s highest performing suburban sub-markets. Developed in 1982 and later renovated in 2008 and substantially renovated in 2014 and 2018, Sugar Creek on The Lake represents one of the premier office addresses in Sugar Land, Texas, due to its location at the epicenter of the Sugar Land office market with highway frontage and exceptional visibility on U.S. Highway 59. Sugar Creek on The Lake boasts unmatched floor plate diversity, with floor plates as big as 60,000 square feet, and a favorable above-market parking ratio. Current available floorplates range from 40,000 – 60,000 sf, creating a unique opportunity in the market for mid-range tenant’s to be able to office on an entire floor, rather than spread out among several, which is the case for most office floorplates. Currently 47.0% leased with a weighted average remaining term of 2.0 years, Sugar Creek on The Lake offers a significant value-add opportunity via lease-up of current vacancy.

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Attributes

Building area net
516,526 sf
Occupancy
47%
Year built
1982
Land area net
23.70 acres
WAULT
2 years
Investment strategy
Value Add
Number of floors
11 floors

Media

Investment Highlights

  • Discount to Replacement Cost, No New Construction
  • Headquarters Quality Asset
  • First-Class Amenities
  • Exceptional Physical Condition and Limited Future Capex Exposure
  • Diversified Rent Roll with Limited Energy Exposure
Sugar Creek on the Lake  4_Property for Sale
Sugar Creek on the Lake  4_Property for Sale

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Sugar Creek on the Lake (0 Properties)

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Last updated
11 Mar 2024