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
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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