Equity Drive

Asset type: Office Building · Location: Houston, Texas

Capital Commercial Investments, Inc. (“CCI”) acquired 11210 Equity Drive (the “Property”) for $10,500,000 ($72.66/SF). This asset is a three-story 144,515 SF office building with a “Class A environment”. The estimated reproduction cost of the building is well over three times CCI’s acquisition basis. The 9.01- acre property was developed by DNA Partners in 2007 and was later acquired by Griffin Capital Essential Asset REIT, Inc., as part of a 2015 portfolio transaction. The property was originally built as a higher-end spec building and the lease of its long-time tenant, Cameron International, ended around 2018. The Property is located at the hard corner of Sam Houston Tollway and Equity Drive, in one of the fastest growing corridors in Houston, TX-the “Northwest Corridor”.