17404 Katy Freeway

Asset type: Office Building · Location: Houston, Texas

Capital Commercial Investments, Inc. (“CCI”) intends to acquire 17404 Katy Freeway (the “Property”) for $13,700,000 ($54/SF). This asset is a five-story, 253,065 SF office building with a 1,070-car parking garage. The building offers a very well-appointed interior with a Class A appearance. The estimated $310/SF+ reproduction cost of the building is well over 2.5 times CCI’s acquisition basis. This $310/SF does not include the 1,070-space parking garage. The 6.2 - acre property was developed by The Opus Group in 2006. This property has outstanding floor plate configurations, and fronts on the iconic Interstate 10 West…a 26-lane traffic juggernaut that serves as the main west side traffic mover in the City of Houston. This stretch of freeway is reported to be one of the widest in the world. This office complex is only 17 years old, and its aesthetic appeal and easily identifiable marque location in Houston’s Energy Corridor, make this building one of the most desirable and easily identifiable properties in this submarket today. CCI also intends to update physical plant components that will make this property one of the premier choices for big block users seeking space in the marketplace today.