'); Colliers International | Properties | Centre One - Class A Office Building

Centre One - Class A Office Building

9800 Centre Pky., Houston, TX 77036

  • 56,761 Square Feet
  • Office
  • For Sale

Summary Description

Centre One is a premier, class "A" office building located in southwest Houston on Centre Parkway, with exceptional access to Sam Houston Parkway, US Hwy-59 (Southwest Freeway) and Westpark Tollway. This property consists of 218,312 NRA in an eleven-story office tower, which is 74% leased, and is complimented by a six level parking garage. The garage houses 643 vehicles and an additional 375 surface spaces are available on an adjacent lot; resulting in a generous parking ratio of 4.58/1,000, the highest among competing buildings.

Price: $14,500,000.00

Lot Size: 6.87 Square Feet

Building Size: 218312 Square Feet

Area Available: 56,761 Square Feet

Net Rentable Area:

± 218,312 SF

Year Built:

1983

Percent Occupied:

74%

Parking:

643 Garage and 375 Surface - 1,018 Spaces Total

Parking Ratio:

4.58/1,000 SF

In Place NOI:

$1,150,000 (April 2017 Annualized)

Features:

  • Value-add opportunity through mark to market renewals and leasing of vacant space
  • Excellent physical condition - roof replaced, passenger elevators and garage elevator upgraded & modernized, new cooling tower, 310-ton chiller replaced in 2016, fully sprinklered and more
  • 310-ton chiller replacement in 2016
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