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Office

Energy Corridor Offices & 4.5 Acres

14511 Old Katy Rd, Houston, TX 77079

Listing Price: $12,000,000

Cap Rate
8.46%
Gross SF
63,000
Rentable SF
63,000
Price/Gross SF
$190.48
Lot Size
8.23 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale an 8.23 acre tract, located at the Northeast Quadrant of Interstate 10 and Highway 6 North in Houston, Texas. The Subject Property features two Class A, boutique office buildings totaling 63,000 square feet and a 4.5 acres of undeveloped land, shovel ready for development.

This Energy Corridor offering allows an investor to purchase a an irreplaceable parcel in one of Houston’s most desirable submarkets. The 8.23 acre parcel has excellent dimensions, with tract depths ranging from 330 feet to 425 feet by 940 feet. The exclusive offering is located adjacent next to the Addicks Park & Ride, a
28-acre tract, which is positioned for a major community development.

The office buildings are stabilized with approximately ninety percent of its units leased. An investor may increase current revenues by increasing below-market rents and filling vacancies. Notable tenants include Mitsubishi (with a long-term lease through 2032), Columbia Brands USA, and many tenants in the oil & gas, engineering, and medical fields. The property’s high-quality tenants are stable, quiet, and not overly represented by any one tenant, which diversifies investor risk.

The Energy Corridor is the second-largest employment center in the region, with nearly 100,000 employees and over 300 companies present in the submarket. Many energy sector companies have major operations in the Energy Corridor, including BP America, Citgo, ConocoPhillips, Nouryon and Shell Oil Company. Non-energy firms also have a presence: Sysco and Gulf States Toyota Distributors are both headquartered in the district.

Investment Highlights

  • Irreplaceable 8.23 Acre Tract in Houston's Energy Corridor
  • Nearby Properties are Positioning for Major Development Projects
  • Beautiful, Well-Maintained Office Buildings: Excellent for an Owner-User Purchaser or Investor
  • Multiple Access Points With Connection to Katy Freeway's Westbound Feeder Road and Highway 6 North
  • Visibility on Interstate 10 (Katy Freeway) With 200,000-250,000 Vehicles Per Day
  • Includes 4.5 Acres of Shovel Ready Land

Exclusively Listed By

Financing By

Office

Energy Corridor Offices & 4.5 Acres

Listing Price: $12,000,000

Cap Rate
8.46%
Gross SF
63,000
Rentable SF
63,000
Price/Gross SF
$190.48
Lot Size
8.23 acres
Year Built
2005

Investment Highlights

  • Irreplaceable 8.23 Acre Tract in Houston's Energy Corridor
  • Nearby Properties are Positioning for Major Development Projects
  • Beautiful, Well-Maintained Office Buildings: Excellent for an Owner-User Purchaser or Investor
  • Multiple Access Points With Connection to Katy Freeway's Westbound Feeder Road and Highway 6 North
  • Visibility on Interstate 10 (Katy Freeway) With 200,000-250,000 Vehicles Per Day
  • Includes 4.5 Acres of Shovel Ready Land

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale an 8.23 acre tract, located at the Northeast Quadrant of Interstate 10 and Highway 6 North in Houston, Texas. The Subject Property features two Class A, boutique office buildings totaling 63,000 square feet and a 4.5 acres of undeveloped land, shovel ready for development. This Energy Corridor offering allows an investor to purchase a an irreplaceable parcel in one of Houston’s most desirable submarkets. The 8.23 acre parcel has excellent dimensions, with tract depths ranging from 330 feet to 425 feet by 940 feet. The exclusive offering is located adjacent next to the Addicks Park & Ride, a 28-acre tract, which is positioned for a major community development. The office buildings are stabilized with approximately ninety percent of its units leased. An investor may increase current revenues by increasing below-market rents and filling vacancies. Notable tenants include Mitsubishi (with a long-term lease through 2032), Columbia Brands USA, and many tenants in the oil & gas, engineering, and medical fields. The property’s high-quality tenants are stable, quiet, and not overly represented by any one tenant, which diversifies investor risk. The Energy Corridor is the second-largest employment center in the region, with nearly 100,000 employees and over 300 companies present in the submarket. Many energy sector companies have major operations in the Energy Corridor, including BP America, Citgo, ConocoPhillips, Nouryon and Shell Oil Company. Non-energy firms also have a presence: Sysco and Gulf States Toyota Distributors are both headquartered in the district.

Exclusively Listed By

Financing By

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