Office

Esperson

808 Travis & 815 Walker Avenue Houston, Texas United States 77002
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1927
Building Area
Occupancy 66.0 %

Asset Description

The property currently 52% leased consists of 599,107 square feet on 1.447 acres. The current ownership has invested over $14.5 million of non-leasing capital which has generated significant leasing momentum. At 52.3% leased and in-place rents well below market, Esperson offers investors a compelling value add opportunity at a price that represents a fraction of replacement cost.

Investment Highlights

  • Esperson consists of two interconnected office buildings comprising the Italian Renaissance influenced Niels Esperson
  • Building built in 1927 and the art deco style Mellie Esperson Building built in 1941 that contain almost 600,000 sq. ft. Including
  • the attached garage, they occupy a full city block in the geographic center of downtown and stand as the most iconic and
  • significant historical buildings in Houston’s Central Business District.
Last Updated Date: 03 Apr 2020

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Last Updated Date: 03 Apr 2020

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