The
Plaza at Commerce Park North is a Class B office builing containing
approximately 97,300 net rentable square feet. The building is three
stories with a interior three-story atrium. Please contact us
for financial information on this building regarding the purchase
price and total capitalization.
The
Plaza at Commerice Park North represents a unique and exciting opportunity
for any company seeking a park-like working environment in a natural
setting of towering pines and lush greenery.
The
Plaza at Commerce Park North building represented an excellent investment
opportunity for several reasons:
CCI
obtained a high quality building of 1983 construction for 40% of its
replacement cost.
The
high existing occupancy provides an immediate cash flow to our investors.
The
building should be valued at between $60-$80 PSF after a 5 year holding
period as rents approach $15-$16 PSF for Class B office buildings
in this submarket of Houston.
