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Office

Auction - REIT Sale | 120,651 SF Class B Office | 71K VPD Traffic Count

16010 Barkers Point Ln, Houston, TX 77079

Starting Bid: $1,000,000

Rentable SF
120,651
Lot Size
3.06 acres
Year Built
1983
Auction Type
Reserve
Auction Start Date
Sep 23, 2024
Auction End Date
Sep 25, 2024

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2117/

Marcus & Millichap is pleased to offer for sale the fee simple interest in a ±120,651 SF, 19.4% occupied, multi-tenant office building located at 16010 Barkers Point Lane in Houston, Texas. This offering represents an opportunity to acquire a significant value-add office building located in west Houston’s I-10 West/Energy Corridor, one of the most active office submarkets for corporate relocations in the entire Houston MSA.

The Property sits on a 3.06-acre lot with ample garage covered parking. The building is located only one minute south of I-10 West aka the Katy Freeway, and one block east of Highway 6 South, a six-lane major thoroughfare that connects the north part of the city with Houston’s far southwest. Numerous restaurant options are only blocks away and include such favorites as Lupe Tortilla, Lomontes Italian Restaurant and Bar, Salata Salad, Ginger Thai Cuisine, and Starbucks. As of 2023, the Property’s demographics have ±243,497 individuals residing within a 5-mile radius, with an average household income of ±$97,349.

Investment Highlights

  • STARTING BID $1,00,000 | REIT Sale | 120,651 SF Class B Office | AUCTION SEPTEMBER 23-25, 2024
  • ±120,651 SF, Six-Story, Multi-Tenant Office Building with Covered Parking in Houston's Dynamic Energy Corridor Submarket
  • 19.4% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available For Lease
  • Positioned on a ±3.06 AC Parcel along Highway 6 South (±71K VPD) Near Intersection of I-10 West Corridor (±192K VPD)
  • Tremendous Residential Growth Due to Opening of Grand Parkway (Highway) Which Encircles Half of Houston MSA
  • Located Within a Densely Populated Area That Services ±243,497 Individuals in a 5-Mile Radius with an Average Household Income of ±$97,349

Exclusively Listed By

Auction Advisors

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Office

Auction - REIT Sale | 120,651 SF Class B Office | 71K VPD Traffic Count

Starting Bid: $1,000,000

Rentable SF
120,651
Lot Size
3.06 acres
Year Built
1983
Auction Type
Reserve
Auction Start Date
Sep 23, 2024
Auction End Date
Sep 25, 2024

Investment Highlights

  • STARTING BID $1,00,000 | REIT Sale | 120,651 SF Class B Office | AUCTION SEPTEMBER 23-25, 2024
  • ±120,651 SF, Six-Story, Multi-Tenant Office Building with Covered Parking in Houston's Dynamic Energy Corridor Submarket
  • 19.4% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available For Lease
  • Positioned on a ±3.06 AC Parcel along Highway 6 South (±71K VPD) Near Intersection of I-10 West Corridor (±192K VPD)
  • Tremendous Residential Growth Due to Opening of Grand Parkway (Highway) Which Encircles Half of Houston MSA
  • Located Within a Densely Populated Area That Services ±243,497 Individuals in a 5-Mile Radius with an Average Household Income of ±$97,349

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2117/ Marcus & Millichap is pleased to offer for sale the fee simple interest in a ±120,651 SF, 19.4% occupied, multi-tenant office building located at 16010 Barkers Point Lane in Houston, Texas. This offering represents an opportunity to acquire a significant value-add office building located in west Houston’s I-10 West/Energy Corridor, one of the most active office submarkets for corporate relocations in the entire Houston MSA. The Property sits on a 3.06-acre lot with ample garage covered parking. The building is located only one minute south of I-10 West aka the Katy Freeway, and one block east of Highway 6 South, a six-lane major thoroughfare that connects the north part of the city with Houston’s far southwest. Numerous restaurant options are only blocks away and include such favorites as Lupe Tortilla, Lomontes Italian Restaurant and Bar, Salata Salad, Ginger Thai Cuisine, and Starbucks. As of 2023, the Property’s demographics have ±243,497 individuals residing within a 5-mile radius, with an average household income of ±$97,349.

Exclusively Listed By

Auction Advisors

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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