515 Post Oak Blvd._Property for Sale
515 Post Oak Blvd._Property for Sale
515 Post Oak Boulevard, Houston, TX, 77027, US

515 Post Oak Blvd.

Asset Description

JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire 515 Post Oak (the “Property”), a modernized, Class A boutique office tower within the Galleria/Uptown submarket of Houston, Texas. The 12-story, office building measures 274,583 rentable square feet and is currently 73.6% leased to a diverse collection of tenants with 4.8 years of remaining lease term.

 

515 Post Oak is located in the heart of the Galleria submarket, situated along Post Oak Blvd and Post Oak Park Dr. Just moments away from 610 West Loop, the Property presents superior access to Houston’s employee base due to the Property’s proximity to major thoroughfares and is surrounded by high-density luxury multifamily and an affluent residential base in Tanglewood and River Oaks.

 

At current occupancy levels, future investors have the opportunity to capitalize on the considerable improvements made by prior ownership into the building and capture significant upside through the lease up of the remaining vacancy in an improving market.

 

515 Post Oak Boulevard represents a unique opportunity to acquire a Class-A value-add asset in Houston’s preferred infill submarket at an extremely attractive basis.


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Attributes

Building area net
274,583 sf
Occupancy
73.6%
Year built
1980
Year renovated
2018
Land area gross
3.12 acres
WAULT
4.8 years
Investment strategy
Value Add
Building class
A
Number of floors
12
Parking spaces
841

Media

Investment Highlights

  • Top-Tier Onsite Amenities
  • Located in a Retail & Entertainment Hub of Houston
  • Durable Cash Flow with Value-Add Potential
  • Desirable Demographics
  • Adjacent to Houston's Most Affluent Residential Neighborhoods
  • Significant Capital Improvements
  • Sleek Design Built with Efficiency
  • Highly Accessible Infill Location
515 Post Oak Blvd. 4_Property for Sale
515 Post Oak Blvd. 4_Property for Sale

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515 Post Oak Blvd. (0 Properties)

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Last updated
17 Sep 2024