Columbia Centre
Houston, Texas
Building
Stats
- Property Type Office - Office Building
- Year built 1983
- Building size (SF) 167,262
- Size (Ac) 4.06
- Price $17,000,000
Overview
VALUE-ADD INVESTMENT OPPORTUNITY
Currently 53.8% occupied by a diversified tenant base with minimal exposure to oil/gas companies. Value-add potential along with stable cash flow. Several stable long-term tenants with multiple renewals and expansions. Strong mix of 10 tenants with average lease size of +/- 8,861 SF. Immediate upside through lease up of several available white-boxed suites. Significant discount to replacement cost. Weighted average lease term is +/- 3.19 years.
