PROPERTY SUMMARY

 

WESTCHASE PLAZA

SUNRIDGE SHOPPING CENTER

LOCATION

3700 Gessner Rd.

Houston, TX 77063

3800 S. Gessner Rd.

Houston, TX 77063

YEAR BUILT 1978 / 2009  1981
GROSS LEASABLE AREA 44,398 SF  49,359
LAND AREA 4.66 Acres  4.86 Acres
OCCUPANCY 85%  70%
PARKING

238 Spaces (5.40/1,000 SF)

 243 Spaces (4.92/1,000 SF)

TRAFFIC COUNTS

Gessner Rd. 30,906 VPD 

Westpark Dr. 48,132 VPD

Gessner Rd. 32.601 VPD

Westpark Dr. 48,132 VPD

INVESTMENT HIGHLIGHTS

  • Sticky in-place tenancy generates consistent cash flow with a carefully curated rent roll catering to surrounding demographics
  • Unique assets located in Houston's most densely populated submarket, boasting 226,904 residents in a 3 mile radius
  • Strong Diversity of Income: no single tenant is responsible for more than 20% of total income across both properties
  • Below Market Rents: Immediate Value Creation through pushing in-place rents and vacancy lease-up
  • Located on the corner of South Gessner Rd (30,906 VPD) & Westpark Dr. (48,132) with direct access to the Westpark Tollway creating connectivity to the entire MSA

INVESTMENT SALE ADVISORY

Ryan West
Senior Managing Director
ryan.west@jll.com  
+1 713 852 3535

John Indelli
Senior Director
john.indelli@jll.com 
+1 832 547 1970

Ryan Olive
Analyst
ryan.olive@jll.com  
+1 713 212 6552

Clay Anderson
Analyst
clay.anderson@jll.com  
+1 713 243 3388

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