For Sale
Call for price

1700 Loop Houston, TX 77027

Class A Office, 94% Occupancy, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional Class A office tower, totaling 273,163 square feet, boasts a 94% occupancy rate and is situated in Houston's prestigious Galleria submarket. The 14-story building, constructed in 1972 and extensively renovated in 2017 and 2021, sits on a 1.57-acre lot and offers ample parking (913 spaces per 1,000 sq ft). The property features a multi-tenant environment anchored by a major engineering firm with a substantial lease term remaining (7.2 years). This tenant, a top-ranked national firm, occupies a significant portion of the building. The building's location provides convenient access to major transportation routes and is within walking distance of numerous restaurants, Uptown Park, and a large hotel currently undergoing renovations. Its proximity to affluent residential neighborhoods like River Oaks, the Memorial Villages, and Tanglewood further enhances its desirability. The Galleria submarket itself offers a wealth of amenities, including over 24,000 apartments, more than 9,000 hotel rooms, and 6 million square feet of retail space, much of it within easy walking distance. This investment presents a compelling opportunity due to its strong cash flow, stable tenant base, and prime location in a thriving Houston submarket. The property's durable cash flow and attractive contractual yield make it an ideal addition to any portfolio.

Highlights

  • Strong cash flow with attractive yield.
  • Stable income stream; 85% of net rentable area (NRA) leased for 7+ years.
  • Major anchor tenant with long-term lease.
  • Convenient location near restaurants and Uptown Park.
  • Situated in a prime Houston neighborhood with high-income residents.
  • Excellent walkability.

Property Details for 1700 Loop

Property type
Office properties
Square Feet
273,163 SF
Class
A
Year Built
1972
Buildings
1
Stories
14
Lot Size (sq. ft)
68,389 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7498068
Longitude
-95.4570814
1700 Loop, Houston, Texas

FAQs

What type of property is this?
Office property - Class A Office, 94% Occupancy, Prime Location
Where is the office property located?
The property is located at 1700 Loop Houston, TX.
What are key features of this property?
This property features: Strong cash flow with attractive yield.; Stable income stream; 85% of net rentable area (NRA) leased for 7+ years.; Major anchor tenant with long-term lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1700 Loop
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message