Reserve at Westchase_Property for Sale
Reserve at Westchase_Property for Sale

Reserve at Westchase

3250 Briarpark Dr, Houston, TX, 77042-4240, US

Asset description

JLL Capital Markets, on behalf of the owner, is pleased to present for sale a 100% fee simple interest in Reserve at Westchase (“the Property”), a 76.7% leased 194,919 SF Class A office property anchored by Mattress Firm, the nation-leading mattress retailer. The property features newly renovated tenant amenities with current ownership recently upgrading building systems, catering to West Houston’s flight to quality trend. It’s location is highly accessible to all areas of Houston via Westpark Tollway and Beltway 8. Houston’s finest residential areas (Memorial Villages, Spring Branch, Briar Forest, and River Oaks) are all a short and easy drive from the property due to it’s excellent access. Reserve at Westchase provides the exceptional opportunity to acquire an institutionally owned and maintained asset, well positioned to capture the competitive leasing momentum within West Houston.

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Attributes

Building area net
194,919 sf
Occupancy
76.7%
WAULT
7.5 years
Year built
1999
Floors
4
Building class
A
Parking spaces
833
Land area net
6.6 acres
Investment strategy
Value Add

Media

Investment highlights

  • Premier Location in Houston's Hottest Leasing Market
  • Offered at a Competitive Basis with Significant Discount to Replacement Cost
  • Significant Capital Improvements with Newly Renovated On-Site Amenities
  • Stabilized Cash Flow with Additional Upside Opportunity
  • Well-Positioned to Capitalize on West Houston's Flight to Quality
  • Exceptional Accessibility to Major Thoroughfares
Reserve at Westchase 4_Property for Sale
Reserve at Westchase 4_Property for Sale

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Reserve at Westchase (0 Properties)

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Last updated
Jan 13, 2025