Bellaire Atrium

5909-5959 W. Loop South Houston TX

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Property Pictures

Historical Performance Details

  • Acquisition DateMarch, 2000
  • Total Project Size153,500 SF
  • Acquisition Price$10,000,000
  • Add. Capital Costs$1,000,000
  • Total Cost$11,000,000
  • Cost PSF$77.78
  • StatusSold - Sep, 2008
  • Sale Price$14,500,000
  • Sale Price / SF$94.46
  • Ave. Annual Return15%

  • Maintained a 90% average occupancy in this 110 small tenant office building.  Enhanced by renewing tenants at market rents and major renovations to common area lobbies, restrooms, parking garage and mechanical systems
  • Onsite leasing and management performed by ownership
  • Class B quality atrium buildings with great highway visibility and access.  Great location in west Houston just south of the Galleria submarket
  • Refinanced this asset November, 2001, in tough post-9-11 times


Location


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For More Information

Contact Agent Will Adamthwaite

Email: will@matrixgroupinc.com
Phone: 300-333-3333