The Crossing At Midtown- Houston-TX

Recently Renovated – Renovated in 2021 this property has very little if any deferred maintenance.
Offered Below Replacement Cost – Property is being advertised below what it would cost to buy and build new.
Great Location and High Density – Located in the heart of Houston with over 528,000 people in a 5-mile radius.
Population Growth – Population in a 5-mile radius has increased 3.4% in the last 5 years and is projected to grow almost two percent for the next five years.
Turn-Key Value-Add – The property consists of suites that are delivered in excellent condition and ready for tenants with minimal need for tenant improvement allowances.
Ample Parking – The property has 25 on-site parking spaces which can be rare for some Midtown projects.
Surrounded by Residents – Positioned in the middle of upscale apartments and houses.
Possible Co-Tenant Synergy – The property contains a restaurant and a bar which can be good co tenants for a variety of users.
Pending LOI – There is currently an outstanding LOI on the table which can increase year 1 NOI and decrease remaining space needed to lease up.
Long-Term Leases – The current tenants in the project have signed 10-year leases showing commitment to the site.
Tenant Has Multiple Locations – Dave’s Hot Chicken has over 390 locations throughout the United States.

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