CCI-17404 Katy Freeway, LP

Asset type: Office Building · Location: Houston, , Texas

Secondary LP Interest for Sale — 17404 Katy Freeway, Houston, TX | CCI-17404 Katy Fwy, LP An opportunity to acquire an existing limited partnership interest in a 253,065 RSF Houston office repositioning sponsored by Capital Commercial Investments (CCI). This is a secondary sale of my existing position, offered at $40,000 — a 20% discount to my original $50,000 basis — giving a buyer a discounted entry point into an in-progress value-add deal. The Asset 17404 Katy Freeway is a Class A office building in Houston's Energy Corridor (77094), built in 2006, spanning 253,065 RSF with 1,070 parking spaces (a strong 4.2 per 1,000 SF ratio). CCI acquired the property in July 2023 for $13,700,000 — roughly $54 per square foot, well below replacement cost — which provides meaningful downside protection and flexibility to deliver renovated space at competitive rents during lease-up. What You're Acquiring The buyer steps into my existing LP position in CCI-17404 Katy Fwy, LP, inheriting all rights and economics of that interest going forward, including participation in the partnership's projected lease-up and eventual disposition. Offered at $40,000 against my original $50,000 basis, this is a discounted way to gain exposure to an institutional-quality office repositioning without participating in the original raise. (Position details and asking price are set out in the listing terms.) The Business Plan The partnership's strategy is a value-add repositioning: targeted capital improvements — a renovated lobby and restrooms, with floors delivered in white-box condition ready for tenant build-out — to lease the building to a single large user or a small group of credit tenants. The low acquisition basis gives the sponsor room to offer attractive tenant economics while still underwriting to a profitable exit. Leasing Momentum Tenant demand is active. A confidential insurance company has toured the property multiple times, completed a test fit, and is back in the market seeking approximately 250,000 SF — effectively the full building — with continued tours into Q1 2026. Other tenants known to be in the market include Dashiell (100,000 SF), Michels Corporation (30,000 SF), a confidential home builder (30,000 SF), G&A Partners (25,000 SF), and a confidential engineering firm (10,000 SF), reflecting genuine demand for large blocks of space in the submarket. The Sponsor Capital Commercial Investments brings a 32-year track record and a contrarian, value-focused approach across multiple market cycles. CCI continues to actively manage the asset toward stabilization.