Skip to main content

Office

11550 Fuqua

11550 Fuqua St, Houston, TX 77034

Listing Price: Request For Offer

Rentable SF
83,636
Lot Size
3.45 acres
Year Built
1983

Investment Overview

Marcus & Millichap, as the exclusive representative of the owner, is pleased to offer for sale 11550 Fuqua Street (the “Property”); an 82,938 boutique rentable square foot Class B of?ce building located in a high-performing and highly occupied of?ce park in southeast Houston. The Property is ideally situated within minutes of Houston’s Hobby Airport, Ellington Airport/Space Port, and the Port of Houston. Situated on 3.45 acres, the ?ve-story property is 87.8% leased with a parking ratio of 3.0 per 1,000 rentable square feet. Built in 1983, the Property has been consistently maintained for almost 30 years by a pension fund and an owner/occupier of the Property. With such attention to detail, the Property should require minimal deferred maintenance for the next investor. 11550 Fuqua has had an average historical occupancy of over 83 percent for the last 10 years that offers the opportunity to achieve strong cash-on-cash yields. Situated in a tightly occupied of?ce park, 11550 Fuqua is strategically positioned with immediate access to the Gulf Freeway (IH-45) and Sam Houston Tollway (Beltway-8). It is within minutes of William P. Hobby Airport and Ellington Airport. While Hobby is home to well-known Southwest Airlines, Ellington Airport is now home to Houston Spaceport, the nation’s 10th licensed commercial spaceport. The Property is within close proximity to the Houston Ship Channel, home to the Port of Houston. The Port of Houston is consistently the nation’s leading port in foreign tonnage and total waterborne tonnage. STABLE NICHE SUBMARKET WITH HIGH BARRIERS TO ENTRY The immediate of?ce park in which the Property is situated has been highly occupied over the last 20 years. A nod to its leasing velocity, a speculative tilt-wall of?ce building broke ground in 2006 and was completely stabilized less than two years after delivery. Since 2011, 11550 Fuqua's historical occupancy has signi?cantly outperformed the overall Houston of?ce market.

Investment Highlights

  • Double Digit Cash-on-Cash Return From Day One
  • 83%+ Average Historical Occupancy for Last Ten (10)Years
  • Seller to Execute New Lease (10% of Property RSF) at Closing for 5 Years
  • Excellent Ingress/Egress at Major Freeway (I-45 S & Fuqua St)
  • Located at Lighted Intersection (Featherwood @ Fuqua) Allowing Ease of Access to Property
  • 31% of Tenants Have Occupancy Exceeding Five (5) Years
  • Stable Institutional Ownership for Almost 30 Years

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Rentable SF
83,636
Lot Size
3.45 acres
Year Built
1983

Investment Highlights

  • Double Digit Cash-on-Cash Return From Day One
  • 83%+ Average Historical Occupancy for Last Ten (10)Years
  • Seller to Execute New Lease (10% of Property RSF) at Closing for 5 Years
  • Excellent Ingress/Egress at Major Freeway (I-45 S & Fuqua St)
  • Located at Lighted Intersection (Featherwood @ Fuqua) Allowing Ease of Access to Property
  • 31% of Tenants Have Occupancy Exceeding Five (5) Years
  • Stable Institutional Ownership for Almost 30 Years

Investment Overview

Marcus & Millichap, as the exclusive representative of the owner, is pleased to offer for sale 11550 Fuqua Street (the “Property”); an 82,938 boutique rentable square foot Class B of?ce building located in a high-performing and highly occupied of?ce park in southeast Houston. The Property is ideally situated within minutes of Houston’s Hobby Airport, Ellington Airport/Space Port, and the Port of Houston. Situated on 3.45 acres, the ?ve-story property is 87.8% leased with a parking ratio of 3.0 per 1,000 rentable square feet. Built in 1983, the Property has been consistently maintained for almost 30 years by a pension fund and an owner/occupier of the Property. With such attention to detail, the Property should require minimal deferred maintenance for the next investor. 11550 Fuqua has had an average historical occupancy of over 83 percent for the last 10 years that offers the opportunity to achieve strong cash-on-cash yields. Situated in a tightly occupied of?ce park, 11550 Fuqua is strategically positioned with immediate access to the Gulf Freeway (IH-45) and Sam Houston Tollway (Beltway-8). It is within minutes of William P. Hobby Airport and Ellington Airport. While Hobby is home to well-known Southwest Airlines, Ellington Airport is now home to Houston Spaceport, the nation’s 10th licensed commercial spaceport. The Property is within close proximity to the Houston Ship Channel, home to the Port of Houston. The Port of Houston is consistently the nation’s leading port in foreign tonnage and total waterborne tonnage. STABLE NICHE SUBMARKET WITH HIGH BARRIERS TO ENTRY The immediate of?ce park in which the Property is situated has been highly occupied over the last 20 years. A nod to its leasing velocity, a speculative tilt-wall of?ce building broke ground in 2006 and was completely stabilized less than two years after delivery. Since 2011, 11550 Fuqua's historical occupancy has signi?cantly outperformed the overall Houston of?ce market.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower