A private buyer has recently acquired an 87,282 square foot office building located at 263 N. Sam Houston Parkway E in Houston from Geosam Capital. The transaction was brokered by Colliers on behalf of the seller.
According to data from CommercialEdge, this property was previously sold in 2019 and later obtained a $5 million loan from HSBC Bank Canada as part of a larger portfolio financing worth $29 million.
Originally built in 1978 and renovated in 2015, this three-story building boasts spacious floorplates spanning over 29,204 square feet each.
Conveniently situated near the intersection of Highway 8 and Interstate-45 within an Opportunity Zone, this property sits on a sizable lot measuring approximately4.4 acres. It is also conveniently located just14 miles north of downtown Houston and only eight miles away from George Bush International Airport. Additionally, Greenspoint Mall is just a short walk away for tenants’ convenience.
This recent sale marks another successful transaction for Geosam Capital’s real estate portfolio.
