Commercial Building for Sale in Houston, Texas, United States

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