Office

Esperson

808 Travis & 815 Walker Avenue Houston, Texas United States 77002

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Documents

Confidentiality Agreement CA (Broker) Teaser

I accept the confidentiality agreement

Key Facts

Year Built	1927
Building Area
Occupancy	66.0 %

Property Description

The property currently 52% leased consists of 599,107 square feet on 1.447 acres. The current ownership has invested over $14.5 million of non-leasing capital which has generated significant leasing momentum. At 52.3% leased and in-place rents well below market, Esperson offers investors a compelling value add opportunity at a price that represents a fraction of replacement cost.

Investment Highlights

Esperson consists of two interconnected office buildings comprising the Italian Renaissance influenced Niels Esperson
Building built in 1927 and the art deco style Mellie Esperson Building built in 1941 that contain almost 600,000 sq. ft. Including
the attached garage, they occupy a full city block in the geographic center of downtown and stand as the most iconic and
significant historical buildings in Houston’s Central Business District.

Last Updated Date: 03 Apr 2020

Dan Miller

Senior Managing Director, Capital Markets

License details

TX-0289851

+17138523576

Martin Hogan

Senior Director, Capital Markets

License details

TX-0538781

+17138523557

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Last Updated Date: 03 Apr 2020