330 Barker Cypress & 333 Cypress Run, Houston, TX, 77094, US

Parkview I & II

Portfolio description

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.

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Attributes

Building area Net

16,323 m²

Occupancy

65.00%

Year built

1986

Land area net

5.02 ha (50,221 m²)

Parkview I & II (2 Properties)

Media

Investment Highlights

Income-producing office portfolio comprising 175,700 SF of Class B office suites in Houston’s Energy Corridor.
8.5 acre rectangular site that offers an attractive covered land play within a prominent school district.
Framed between Beltway 8 and the Grand Parkway, and just off I-10, providing unmatched accessibility to the greater metro.
Prime opportunity for a value-add investor to lease remaining spaces and capture growing office rents.
Over 250,000 residents within five miles, offering daytime employment of 90,444.