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 the fastest growing micro-economies in the country. 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. Currently 55.5% leased with a weighted average remaining term of 2.2 years, Sugar Creek on The Lake offers current cash flow along with a significant value add opportunity through the lease-up of current vacancy.
- Discount to Replacement Cost, No New Construction
- Headquarters Quality Asset
- First Class Amenities
- Exceptional Physical Condition & Limited Future Capex Exposure
- Diversified Rent Roll with Limited Energy Exposure