Legacy at Fallbrook_Property for Sale
Legacy at Fallbrook_Property for Sale
10720 W Sam Houston Pkwy N, Houston, TX, 77064-3588, US

Legacy at Fallbrook

Asset Description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present for sale a 100% fee simple interest in Legacy at Fallbrook (“The Property”), a 207,029 square-foot Class A LEED Gold certified office building strategically positioned at 10720 W Sam Houston Parkway North in one of the fastest-growing submarkets within Houston. The Property, situated on 7.07 acres, has unparalleled Beltway frontage and visibility, as well as excellent regional accessibility being located between U.S Highway 290 and State Highway 249 along the Sam Houston Parkway.


The Property, currently 96.2% leased, is the benefactor of robust population growth in northwest Houston, providing tenants with attractive drive times to Houston's newest and highly regarded suburban communities. Legacy at Fallbrook continues to be a premier option for tenants circling Northwest Houston, offering the ability to accommodate dense tenancy through efficient floor plans and a parking ratio of 5.00/1000. Legacy at Fallbrook offers investors a rare opportunity to purchase a well-located suburban office building at a very attractive basis that is well below replacement cost with significant in-place yield.


The offering also includes a 12.96 acre development tract perfectly suited for additional phases of office or in-fill industrial. With no zoning in Houston, there are no restrictions on use.



...

Attributes

Building area net
19,234 m²
Occupancy
96.2%
Year built
2015
Number of floors
5
Building class
A
WAULT
2 years
Land area net
8.11 ha
Investment strategy
Core
LEED
Gold

Media

Investment Highlights

  • OPPORTUNITY AT AN ATTRACTIVE BASIS
  • SUPERIOR DEMOGRAPHICS & RESIDENTIAL BASE
  • DEVELOPMENT OPPORTUNITY
  • ROBUST SUBURBAN AMENITY BASE
  • RECENT CAPITAL INVESTMENT
Legacy at Fallbrook 4_Property for Sale
Legacy at Fallbrook 4_Property for Sale

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Last updated
29 Oct 2024