REIT Sale | 230,872 SF Class A Office | 160K VPD Traffic Count

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

Investment Highlights

• ±230,872 SF, 12-Story, Multi-Tenant Office Building with Covered Parking in Houston Located Just 10 Minutes from Airport
• Modern Glass Exterior Architecture and Newly Renovated Marble Interior with Abundant Natural Light and Tenant Amenities
• 31.2% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available For Lease
• Positioned on a ±3.07 AC Parcel along Sam Houston Tollway (±160K VPD) and Near Intersection with Hardy Toll Road (±62K VPD)
• Federal Opportunity Zone
• Active Submarket with ±1,500 Multifamily Units Under Construction Within 8-Mile Radius
• Located Within a Densely Populated Area That Services ±241,901 Individuals in a 5-Mile Radius with an Average Household Income of ±$57,667

 

Offering Summary

Marcus & Millichap is pleased to offer for sale the fee simple interest in a ±230,872 square foot, 31.2% occupied, multi-tenant office building located at 400 North Sam Houston Parkway East aka Beltway 8 in Houston, TX. The building has freeway visibility and is located on the feeder access road at the lighted intersection of Beltway 8 and Imperial Valley Drive. This offering represents an opportunity to acquire a mid-rise office building in the heart of the North Belt office submarket with plenty of upside through lease up.
 
The site is approximately 3.07 acres and includes a multi-story concrete garage for tenants and guests. Property amenities include 24-hour monitored security, move-in ready suites, controlled access, covered parking, newly renovated deli, on-site banking, and newly installed fitness center. The Property is strategically located only 10 minutes from the George Bush Intercontinental Airport, 15 minutes to The Woodlands, and conveniently positioned between corporate campuses, shopping centers, and hotels catering to business travel. It is situated near the intersection of two major freeways (I-45 North and the Sam Houston Parkway that encircles the City of Houston) as well as being only minutes to the Hardy Toll Road, a toll road connecting to the heart of Houston and The Woodlands.