Situated on approximately 3.58 acres, the property is 85.6% leased with a weighted average lease term of 5.5 years. The convenient location serves the Tanglewood, Briargrove and Memorial Villages neighborhoods and provides exceptional access to IH-69, Beltway 8, Westheimer Road and San Felipe Street. In the past 5 years, the building has undergone extensive renovations with destination elevators, a new chiller (ownership is currently replacing the second one), and a new cooling tower, leaving minimal, if any, deferred maintenance for a buyer. Current ownership has invested over $900,000 in non-leasing capital expenditures since 2017 including a food court, building conference room, corridor and restroom renovations, upper and lower roof replacements, garage repairs, interior elevator upgrades, replacing the second chiller, and resealing windows. 2401 Fountain View offers investors the opportunity to acquire a stable, cash-flowing asset with continued growth through contractual rent bumps and upside via lease-up of vacant space with in-place rental rates 11% below current market.
JLL is pleased to offer for sale a 100% fee-simple interest in 2401 Fountain View,a Class B+ office building in the Galleria submarket.