Two (2) Single Tenant NNN Office / Flex Buildings 6217 & 6221 WEST SAM HOUSTON PARKWAY NORTH Houston, Texas 77041
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1 INVESTMENT SUMMARY Two (2) Single Tenant NNN Office / Flex Buildings 6217 & 6221 WEST SAM HOUSTON PARKWAY NORTH Houston, Texas PRESENTED EXCLUSIVELY BY: Colliers International DAVID L. CARTER, SIOR 1300 Post Oak Blvd., Suite 200 Principal/Director Houston Houston, Texas Dir: Fax: david.carter@colliers.com
2 INVESTMENT SUMMARY Address: W. Sam Houston Pky N. Houston, TX Year Built: 2008 Building Size: Parcel Size: Tenants: ,971 SF ,050 SF 3.95 Acres 6217 IHS Global, Inc Cameron International Corporation NOI: $689, $731,179 Cap Rate: 7.26% Price: $9,500,000 The property is located in Avondale Business Park which is home to Cameron Flow Control, Wood Group Light Industrial Turbines, Wood Group & Rolls Wood Group. The property has access from both West Sam Houston Parkway and Brittmoore Road. Adjoining the Property to the north is Cameron Drilling encompassing eleven (11) separate buildings sitting on approximately 36 acres. Cameron Drilling headquarters is the 6221 W Sam Houston Pky building. The property sits on 3.95 acres of 5 concrete and has a dedicated detention pond for storm water run off. The property is located outside the 100 year Flood Plain, is secured by decorative rod iron fencing with controlled access gates from both West Sam Houston Parkway & Brittmoore West Sam Houston Parkway totals 25,050 SF which includes 19, SF of two (2) story office and 5,124 SF of air conditioned warehouse. Fire suppression system is a wet pipe system. Exterior curtain wall is two (2) story architecturally design tilt wall with punched windows throughout the office partition. Warehouse has two (2) 10 x 12 grade level doors. Air conditioning is provided by roof top units West Sam Houston Parkway totals 22,971 SF. IHS Global, Inc. is currently constructing the interior improvements as 90% of office and 10% of air conditioned warehouse. Landlord is putting in $350,000 for interior improvements. It is reported that IHS will put in an additional $700,000 of improvements. Exterior curtain wall is a two (2) level tiltwall configuration with the current office portion being typical 9 acoustical ceiling finish. Fire suppression system is a wet pipe system. Warehouse has five (5) 10 x 12 grade level doors and two (2) 10 x 12 doors on truck wells W SAM HOUSTON PKY N OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 2
3 PROPERTY PHOTOS CLOCKWISE FROM TOP LEFT: > Front View of Both Buildings > Rear View of Both Buildings > 6221 Building Interior > 6217 Building at Rear W SAM HOUSTON PKY N OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 3
4 6217 & 6221 WEST SAM HOUSTON PARKWAY NORTH Colliers International has been retained as the exclusive broker for the disposition of 6217 & 6221 West Sam Houston Parkway North located in Avondale Business Park. The property has access from both West Sam Houston Parkway and Brittmoore Road. The property sits on 3.95 acres and is secured by a decorative rod iron fencing with controlled access gates from both West Sam Houston Parkway and Brittmoore Road. PRESENTED EXCLUSIVELY BY: DAVID L. CARTER, SIOR Principal/Director Houston Di +1 Dir: Fax: david.carter@colliers.com Ivonne Gonzalez Project Coordinator Houston Di +1 Dir: Fax: ivonne.gonzalez@colliers.com Colliers International 1300 Post Oak Blvd., Suite 200 Houston, Texas Main: Fax:
5 Colliers International is a worldwide affiliation of independently owned and operated companies. The information contained herein has, we believe, been obtained from reliable sources and we have no reason to doubt the accuracy thereof. All such information is submitted, subject to errors, omissions or changes in condition prior to sale, lease or withdrawal without notice. All information contained herein should be verified by the person relying thereon. We have not made and will not make any warranty or representation as to the condition of the property nor the presence of any hazardous substances or any environmental or other conditions that may affect the value or suitability of the property.
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