11200 Westheimer RdHouston, TX 77042

For Sale
$7,300,000

10-Story Office Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 10-story, Class B office building, Westheimer Central Plaza, presents a compelling value-add investment opportunity in Houston's Westchase submarket. Located at 11200 Westheimer Rd, Houston, TX 77042, this 182,506 square foot property sits on a 2.91-acre lot and offers 3 parking spaces per 1,000 square feet. Currently 63% occupied with a diverse tenant base, the building boasts a weighted average lease term of 1.8 years remaining. The property features a recently renovated lobby and interiors, abundant natural light, and efficient, large floorplates (approximately 19,500 square feet). Its prime location provides easy access to Beltway 8, Westpark Tollway, and I-10, along with numerous nearby retail and dining options. The asking price is $7,300,000, translating to $40 per square foot. Significant lease-up potential exists for approximately 51,000 square feet of available space, with ideal average suite sizes of 1,825 square feet. Top-of-building signage opportunities are also available. This property offers a cost-effective destination for tenants, presenting a significant discount compared to competitors while maintaining a similar amenity base. The building's aesthetically pleasing exterior features modern glass architecture.

Highlights

  • High-quality, 10-story Class B office building in Houston's Westchase submarket offering a compelling value-add opportunity.
  • Recently renovated lobby and interiors, abundant natural light, and efficient, large (approx. 19,500 sq ft) floorplates.
  • Excellent location with easy access to Beltway 8, Westpark Tollway, and I-10, plus numerous nearby retail and dining options.
  • Significant lease-up potential: approx. 51,000 sq ft of available space, ideal for tenants seeking 1,825 sq ft suites; top-of-building signage available.
  • Cost-effective asking price of $7,300,000 ($40/sq ft) offering a significant discount compared to competitors with similar amenities.

Property Details for 11200 Westheimer Rd

Property type
Other office properties, Office properties
Square Feet
182,506 SF
Class
B
Buildings
1
Stories
10
Lot Size (sq. ft)
126,760 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7371985
Longitude
-95.5740058
11200 Westheimer Rd, Houston, Texas

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11200 Westheimer Rd
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