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3600 West Sam Houston Parkw...

Benjamin Stephens Of Canyon Creek Real Estate Acquires Office Complex In West Houston
SOLDOffice

Benjamin Stephens Of Canyon Creek Real Estate Acquires Office Complex In West Houston

3600 West Sam Houston Parkway South & 3700 West Sam Houston Parkway South

Building Size

1,158,064 SF

Asset Type

Office

Closing

Jun 11, 2025

AI

The office complex located at 3600 & 3700 West Sam Houston Parkway South encompasses 579,032 square feet on a site of 15.2 acres in Houston's Westchase area. The property features two buildings known as Westchase Park I and II. The transaction allows for potential capital upgrades to enhance the properties.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Square Footage: 579,032 SF
  • Address: 3600 & 3700 West Sam Houston Parkway South
  • Market: Houston
  • Buyer: Benjamin Stephens
  • Buyer's Company: Canyon Creek Real Estate
  • Leasing Agent: Stream Realty Partners
  • Acres: 15.2

Canyon Creek Real Estate, under the leadership of Benjamin Stephens, has acquired the properties with plans for capital improvements. The seller's identity was not disclosed in the transaction details.

Players

Canyon Creek Real Estate
Canyon Creek Real EstateBrokerage

Benjamin Stephens

Canyon Creek Real Estate

Buyer

1 deal

Buyer

Houston Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93