$185MM Mixed-Use Loan Sale | Washington, DC
US - Washington, DC
$185,000,000 | 488,801 sf
The property will be placed on www.ten-x.com and will be sold via live auction beginning on May 15, 2023.
This is an as-is, where is sale. Investors will have the opportunity to review the phase I, property condition report, title commitment, and purchase and sale agreement prior to the live auction.
JLL Capital Markets, as exclusive advisor to the owner of Parkview I & II, is pleased to present the opportunity to acquire the fee simple interest in the 175,700 square foot Class B office portfolio located within Houston’s Energy Corridor.
330 Barker Cypress Road (Parkview I) and 333 Cypress Run (Parkview II) are adjacent well-positioned multi-tenant office properties; Parkview I offers 110,480 square feet of rentable space and is currently 61% occupied, while Parkview II offers 65,220 square feet of rentable and is currently 72.8% occupied. Both properties come equipped with a two-story atrium, passenger elevators, and well-designed suites with modern office finishes. The portfolio is easily accessible, being framed between Beltway 8 and the Grand Parkway, and just off Interstate-10, allowing for quick and direct commutes.