3900 Essex_Property for Sale
3900 Essex_Property for Sale
3900 Essex Ln, Houston, TX, 77027-5133, US

3900 Essex

Asset Description

JLL Capital Markets, on behalf of the owner, is pleased to present for sale a 100% fee simple interest in 3900 Essex (“the Property”), a 73.9% leased 235,620 square foot, multi-tenant Class A office property strategically positioned in the prestigious Greenway submarket. The building boasts an irreplaceable infill location, situated among Houston’s most prominent neighborhoods including River Oaks and West University, providing unrivaled access to the city’s established affluent population. Built in 1981, the Property has undergone significant capital improvements in recent years with more than $3.2 million spent since 2014 to upgrade building systems and implement more tenant amenities including a fitness center, shared tenant conference room, and tenant outdoor deck. Moreover, the Property offers countless walkable amenities and an above standard parking ratio, ensuring ample parking spaces for tenants and visitors. With immediate access to major roadways via 610 Loop West and Highway 59, the Property offers superb ingress and egress to other major population centers of Houston, providing top accessibility for tenants. Given the asset’s current occupancy level and excellent location, 3900 Essex present a unique value-add opportunity in an infill, walkable location at a fraction of replacement cost.

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Attributes

Building area net
21,890 m²
Occupancy
73%
Year built
1981
Number of floors
12
Land area net
1.24 ha
Building class
A
Investment strategy
Value Add
WAULT
3.9 years
Parking spaces
693

Media

Investment Highlights

  • Prestigious Location with Premier Accessibility
  • Value-Add Opportunity in a Top Performing Submarket
  • Significant Capital Improvements
  • Surrounded by Houston’s Best Retail, Multi-Family and Office Assets
  • Irreplaceable Location with Countless Nearby Amenities
3900 Essex 4_Property for Sale
3900 Essex 4_Property for Sale

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3900 Essex (0 Properties)

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Last updated
17 Sep 2024