For Auction

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

16010 Barkers Point Lane,
Houston, TX 77079

Asset Snapshot

Real Estate
Asset Type
Office
Property Type
1983
Year Built
2012
Year Renovated
6
Floor Count
120
Parking Spots
3.06 Acres
Land Area
19.4%
Occupancy
120,651 SF
Property Size

Offering Summary

Building tour available this Friday, September 20th.  Please contact Brad Mills to schedule.

Investment Highlights

  • ±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
 

Offering Summary

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.

Due Diligence

Transaction Manager

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

Call For More Information

This auction has ended. Interested in additional investment opportunities?

Investment Sales Brokers

Keith Lloyd
Marcus & Millichap
TX License: 307120
Brad Mills
Marcus & Millichap
TX License: 732895

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.