Office
Auction - REIT Sale | 1880 Dairy Ashford St | 66% Occupied | $749K NOI
1880 Dairy Ashford St, Houston, TX 77079
Starting Bid: $1,250,000
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2287/
Marcus & Millichap is pleased to offer for sale the fee simple interest in 1880 Dairy Ashford Street, a ±158,451 SF, 65.9% occupied, multi-tenant office building located in Houston, Texas (the “Property”). 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 5.08-acre lot with ample covered parking. The building is located five minutes south of I-10 West aka the Katy Freeway, and ten minutes east of Highway 6 South, a six-lane major thoroughfare that connects the north part of the city with Houston’s far southwest. The Propery is in close proximity to some of Houston’s most popular and high-end hotels, retail, and entertainment venues. As of 2024, the Property’s demographics have ±390,171 individuals residing within a 5-mile radius, with an average household income of ±$83,787.
Auction - REIT Sale | 1880 Dairy Ashford St | 66% Occupied | $749K NOI
Investment Highlights
- STARTING BID $1,250,000 | 1880 Dairy Ashford St | 66% Occupied | 158,451 SF Class B Office | AUCTION DECEMBER 9-11, 2024
- ±158,451 SF, Six-Story, Multi-Tenant Office Building with Covered Parking in Houston's Dynamic Energy Corridor Submarket
- 65.9% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available For Lease
- Excellent Investment Opportunity with $748,990 NOI
- Positioned on a ±5.08 Acre Parcel along S Dairy Ashford Rd and Minutes from Highway 6 South (±69K VPD), Westpark Tollway (±68K VPD), and Sam Houston Tollway (±162K 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 ±390,171 Individuals in a 5-Mile Radius with an Average Household Income of ±$83,787
Exclusively Listed By
Auction Advisors
Broker of Record
Office
Auction - REIT Sale | 1880 Dairy Ashford St | 66% Occupied | $749K NOI
Starting Bid: $1,250,000
Investment Highlights
- STARTING BID $1,250,000 | 1880 Dairy Ashford St | 66% Occupied | 158,451 SF Class B Office | AUCTION DECEMBER 9-11, 2024
- ±158,451 SF, Six-Story, Multi-Tenant Office Building with Covered Parking in Houston's Dynamic Energy Corridor Submarket
- 65.9% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available For Lease
- Excellent Investment Opportunity with $748,990 NOI
- Positioned on a ±5.08 Acre Parcel along S Dairy Ashford Rd and Minutes from Highway 6 South (±69K VPD), Westpark Tollway (±68K VPD), and Sam Houston Tollway (±162K 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 ±390,171 Individuals in a 5-Mile Radius with an Average Household Income of ±$83,787
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2287/ Marcus & Millichap is pleased to offer for sale the fee simple interest in 1880 Dairy Ashford Street, a ±158,451 SF, 65.9% occupied, multi-tenant office building located in Houston, Texas (the “Property”). 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 5.08-acre lot with ample covered parking. The building is located five minutes south of I-10 West aka the Katy Freeway, and ten minutes east of Highway 6 South, a six-lane major thoroughfare that connects the north part of the city with Houston’s far southwest. The Propery is in close proximity to some of Houston’s most popular and high-end hotels, retail, and entertainment venues. As of 2024, the Property’s demographics have ±390,171 individuals residing within a 5-mile radius, with an average household income of ±$83,787.
Exclusively Listed By
Auction Advisors
Broker of Record
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