Investment Overview

Marcus & Millichap, as the exclusive representative, is pleased to present the opportunity to acquire 1710 South Dairy Ashford Road, also known as Ashford Corner - a two-story, boutique atrium office building totaling approximately 23,437 rentable square feet. Strategically positioned in West Houston, the property benefits from proximity to the Energy Corridor and excellent access to I-10, Westheimer Road, and Beltway 8, offering easy connectivity to major employment centers. Originally constructed in 1980 and extensively renovated in 2019, Ashford Corner is designed to accommodate small to mid-sized tenants, with suites currently ranging from approximately 80 to 2,561 square feet. The building’s average lease size of 977 rentable square feet and 91 percent average occupancy over the past four (4) years underscores its appeal to a stable and diversified tenant base. With 22 tenants in place, an investor or owner-occupier is much less susceptible to any one tenant vacating and having a significant impact on occupancy or cash flow. Updates include new skylights, a refreshed atrium, restrooms, and elevator, all reducing immediate capital expenditure needs and enhancing tenant appeal. There is both monument and building signage available, and surface parking for 78 vehicles. The property is located in a ‘Very Walkable’ area (Walk Score: 76, per Redfin) surrounded by a wide range of retail, dining, and service amenities, which support tenant satisfaction and leasing velocity. It is also near affluent residential neighborhoods, top-rated school districts, and green spaces, further enhancing its long-term desirability. Houston’s office market, particularly in suburban submarkets like the Energy Corridor, is showing signs of stabilization and recovery. In 2024, the Katy Freeway West submarket recorded 382,295 rentable square feet of positive net absorption, ranked 1st ahead of The Woodlands and Central Business District, reflecting renewed tenant demand for well-located, right-sized office assets. Offered at $2,800,000, Ashford Corner represents a cost-effective entry point into a recovering office market, with strong fundamentals and long-term upside potential.