The Preakness_Property for Sale
The Preakness_Property for Sale
210 Wells Fargo Dr, Houston, TX, 77090-4061, US

The Preakness

Asset description

Jones Lang LaSalle Americas ("JLL") has been exclusively retained to offer qualified investors the opportunity to purchase the fee simple interest in The Preakness ("the Property" or "the Asset"), a 224-unit 1983 vintage garden-style with great value-add potential. The property is located off of Interstate 45 and FM 1960 and in close proximity to many employment centers. The community is ideally-located in the booming NW Houston submarket of Willowbrook/Champions/Ella and proximate to the city's major thoroughfares. New ownership has the opportunity to purchase a strong cash-flowing asset with significant upside potential through a value-add plan.



Number of units
224 units
Year built
Building area Net
14,613 sm
Land area Net
2.82 ha (28,247 sm)


Investment highlights

  • Strong Value-Add Opportunity: Potential to Renovate 75% of The Property and Add Washer/Dryers to 40% of the Units
  • Proximate to Outstanding Demand Drivers: North Oaks Shopping Center, Cypresswood Commons, Willowbrook Mall, Universal Technical Institute, and Lone Star College
  • Proximity to Employment Centers:  
    • 10 minutes to North Houston Business District
    • 10 mins to Pinto Business Park
    • 15 mins to The Woodlands
    • 15 mins to George Bush Intercontinental Airport
  • High Volume of Vehicles Traveled by The Property Daily on Major Thoroughfares
    • FM 1960: 63k+ Vehicles
    • I45: 285k+ Vehicles
The Preakness 4_Property for Sale
The Preakness 4_Property for Sale

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The Preakness (0 Properties)

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Last updated
Jul 12, 2023