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3900 Essex Ln Houston, TX 77027

Class A Office, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
127
This 235,620 square foot, Class A office building in Houston's prestigious Greenway submarket presents a compelling value-add opportunity. Located in the River Oaks area, this 12-story, multi-tenant property boasts 73.9% occupancy and sits on a 3.07-acre lot. Built in 1981, the building has undergone significant capital improvements exceeding $3.2 million since 2014, enhancing amenities with a fitness center, conference room, and outdoor deck. The property offers a superior parking ratio of 6.93 spaces per 1,000 square feet, ensuring ample parking for tenants and visitors. Its prime location provides unparalleled access to Houston's affluent population and major roadways, including the 610 Loop West and Highway 59. Surrounded by high-quality retail, multi-family, and office assets, this irreplaceable infill location offers countless walkable amenities. The property's current occupancy and location make it a unique investment opportunity at a fraction of replacement cost. This is a fee-simple interest in a highly desirable area, offering significant potential for future growth and return.

Highlights

  • Prestigious Greenway submarket location in Houston's River Oaks area, offering excellent access to major roadways.
  • Value-add opportunity in a high-performing submarket with 73.9% occupancy.
  • Over $3.2 million in capital improvements since 2014, including a fitness center, conference room, and outdoor deck.
  • Surrounded by high-quality retail, multi-family, and office properties.
  • Irreplaceable infill location with abundant walkable amenities and a superior parking ratio of 6.93 spaces per 1,000 square feet.

Property Details for 3900 Essex Ln

Property type
Office properties
Square Feet
235,620 SF
Class
A
Year Built
1981
Buildings
1
Stories
12
Lot Size (sq. ft)
133,729 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7399529
Longitude
-95.4422065
3900 Essex Ln, Houston, Texas

FAQs

What type of property is this?
Office property - Class A Office, Value-Add Opportunity
Where is the office property located?
The property is located at 3900 Essex Ln Houston, TX.
What are key features of this property?
This property features: Prestigious Greenway submarket location in Houston's River Oaks area, offering excellent access to major roadways.; Value-add opportunity in a high-performing submarket with 73.9% occupancy.; Over $3.2 million in capital improvements since 2014, including a fitness center, conference room, and outdoor deck.
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3900 Essex Ln
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