$41 Million Non-Performing Office Loan | Houston, TX — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Houston, TX 77042
  • Size: 15,000 SF

Photos

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Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $41 Million Non-Performing Office Loan (the “Loan” or “Note”) collateralized by One Westchase Center (the “Property” or “Collateral”). In October 2017, the Loan was originated in the amount of $47 million to finance the acquisition of the Houston, TX office building. The Note is secured by a first priority deed of trust on the fee simple interest of the Property, with a current maturity date in October 2025. As of August 2026, the Loan is non-performing via maturity default with an unpaid principal balance of $41 million. One Westchase Center, constructed in 1982 and renovated in 2004, is a 12-story office building totaling 466,159 square feet of NRA and is situated on a 5.25-acre site. The Property benefits from a six-level parking garage totaling 1,636 stalls, extensive amenities, on-site property management and 24-hour security. As of August 2026, the Property is 64% occupied. The offering presents investors with the ability to acquire a non-performing Loan at an attractive basis, significantly below replacement cost, with a potential path to title.

Market Context

This office in Houston, TX is listed for sale across 15,000 SF. Compare it against other office listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston office market showed a 26.1% vacancy rate, and average asking rents near $31.77/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Houston office market tightening or softening?
Vacancy is around 26.1% (Q1 2026).

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