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15120 East Loop S, Houston, Texas 77029, US

Est. IRR


Est. Yield


Est. Equity Multiple


Key Stats

Last updated: December 30, 2022, 09:11 pm

Est. IRR


Est. Equity Multiple


Est. Hold Period

4 years

Est. Property Value


Year Built / Renovated

1990 / 2020

Sq. Ft.




Debt LTV


Closing Date

December 31, 2022

Lot Size

4 acres

Asset Class (Office)

Offices are commercial properties that are primarily used to maintain professional or business offices.


15120 East Loop South, Class A property of 15 stories.

This Class A Office property is located close to Galleria Shopping Mall, Embassy Plaza, and Post Oak Shopping Center. Nearby Fortune 500 headquarters include APA Corporation, Quanta Services, and West Lake.

The building itself sits on 4 acres of land with a total interior space of 400,000 square feet. The property was originally built in 1990 but was renovated in 2020. There are a total of 800 parking spaces with key amenities including a fitness center, onsite deli, and floor-to-ceiling glasses.

The business plan would be classified as a value-add strategy which in this case means implementing major renovations, increasing rents, and improving occupancy.

The sponsor plans to enhance existing amenities such as creating premium gyms, employee lounges, break-out areas, and conference centers to attract tenants.

5 Highlights for this Deal:

  1. The property was purchased in 2021 for 40% of the price ($90 million) paid by its last buyer.

  2. On-going leases include T-Mobile, Dell, and ProCore.

  3. Long-term renewal rates being negotiated are in the region of $25.00 per square foot NNN.

  4. Visible signage opportunities from Loop 610, which gives it superior road access.

  5. Houston is the 3rd-fastest growing tech ecosystem for early-stage companies and ranks 3rd amongst US metro areas with Fortune 500 companies

Market Highlights

Closest School

Tanglewood Middle School

Tanglewood Middle School(1.0 mi)


Closest University

The Art Institute of Houston

The Art Institute of Houston(2.7 mi)


Closest Fortune 500 Headquarters

APA Corporation

APA Corporation(0.6 mi)

Industry: Mining, Crude-Oil Production

Closest Employer


H-E-B(2.1 mi)

Industry: Retail

Local Employees: 23,732

Closest Transit


Dryden/TMC(6.0 mi)


Closest Airport

William P. Hobby Airport

William P. Hobby Airport(17.9 mi)


On the Map

15120 East Loop S, Houston, Texas 77029, US

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