Available For Sale - Office

59,625 SF

LISTED BY

Edward Durnil
Tranzon Asset Advisors, 270-769-0284

AVAILABILITY DETAILS

Size
59,625 SF
Price/SF
N/A - Contact for Info
Listing ID
SA548965
Notes
Bankruptcy Auction – 4-Story Office Building –

59,625+/- SF Net Rentable Area



Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas.



4-Story Office Building w/ 59,625 SF of Net Rentable Area on high visibility SW corner lot of Westheimer and Synott.



DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!



Land Area Gross: .1.5817 AC’s or 68,898 SF +|- of land

59,625 SF of Net Rentable Area

4-Story Office Building built in 1984

Great visibility on the corner of Westheimer Rd and Synott Rd

High Traffic Count with approx. 67,000 cars per day

Tenant Mix with tremendous upside for new owners

Covered parking garage and street level parking

No Zoning

48% Occupancy w/ great ground floor leasable space



IMPORTANT NOTICE REGARDING LEASES, RENT, DEPOSITS & TAXES

All tenant leases are considered executory contracts in the bankruptcy and at the time the bankruptcy case converted from a Chapter 11 to a Chapter 7, the Bankruptcy Trustee (“Trustee”) rejected ALL leases and is not in a position to legally assign the existing leases to the buyer. Therefore, Tenants are to be considered tenants at sufferance and new leases will need to be negotiated

The Trustee is not legally able to transfer any tenant at sufferance security deposits to the buyer

The Trustee may enter into a lease agreement with a new tenant post-bankruptcy petition and those leases and security deposits will be valid and transferable to the buyer

2024 Ad Valorem Taxes will NOT be prorated at closing, but will be the responsibility of the buyer when due and payable

All prior year outstanding taxes and liens will be paid by the seller at closing

Kelly Toney, Tranzon Asset Advisors, Court Appointed Auctioneer for the U.S. Bankruptcy Court, Southern District of Texas, Case No. #23-34448



Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818, Broker #0421809

5% Buyer's Premium and other terms apply

Online bidding ends August 27th at 11:00am CT

Inspection: August 22nd at 12:00pm CT

Property Address: 13111 Westheimer Road, Houston, Texas 77077

Contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Edward Durnil, Tranzon Asset Advisors
BRE# KY. Auctioneer P1734