MP Commercial Partners

 

MP Commercial Partners is looking to acquire office properties in the following submarkets. Others will be considered in areas with ample executive and mid-level housing options within a 7 - 10 mile radius.

AUSTIN

  • CBD
  • Central
  • Far Northwest
  • Northwest
  • South (North of HWY 71)
  • Southwest
  • West Central

DALLAS/FORT WORTH

  • CBD
  • Dallas North Tollway
  • Las Colinas
  • Preston Center
  • Uptown / Turtle Creek

HOUSTON

  • CBD
  • Galleria/Uptown
  • Greenway Plaza
  • Katy Freeway/Energy Corridor
  • Westchase
  • Woodlands

SAN ANTONIO

  • CBD
  • North Central
  • Northwest

Minimum Requirements

  • A- or B Class Office
  • 30,000 - 200,000 sq ft
  • 11%+ Cap rate on current income
  • Vacancy > 10% or equal to submarket
  • Ease of Ingress/Egress
  • 3.5:1000 Parking ratio or expansion capability
  • Notes or off-market deals
  • Will consider buildings with extensive vacancy

Additional preferences

  • 1/4 Mile from existing or planned (funded) light/commuter rail station
  • 1/2 mile from 2 or more public bus stops
  • Built before 1992