$14M sale of Gulf Plaza in Houston’s energy corridor

HOUSTON – Gulf Plaza, a six-story, 120,651-sf, single-tenant office building in the Energy Corridor, has been sold for $13.95 million.

Gulf Plaza is located in west Houston at 16010 Barkers Point just east of Hwy. 6 and south of I-10 in close proximity to the North American headquarters of BP and Mustang Engineering.

The property is 100 percent leased to Gulf Interstate Engineering and underwent extensive renovations totaling nearly $1 million in 2012 when the company renewed their lease term.

Hartman Gulf Plaza LLC, an affiliate of Hartman Short Term Income XX, Inc., purchased the asset from Hartman Gulf Plaza Acquisitions LP.