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


