REIT Sale | 156,362 SF Class B Office | 281K VPD Traffic Count

Investment Highlights

• ±156,362 SF, 9-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
• 32.1% Occupied Providing Near-Term Value Add Potential with a Range of Suite Sizes Readily Available For Lease
• Positioned on a ±4.54 AC Parcel along Interstate 45 (±281K VPD) and Near Sam Houston Tollway (±178K VPD)
• 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

Executive Summary

Marcus & Millichap is pleased to offer for sale the fee simple interest in a ±156,362 square foot, 32.1% occupied, multi-tenant office building located at 11811 N Freeway in Houston, TX. The building has freeway visibility and is located just inside Houston’s outer Beltway 8 (Sam Houston Tollway). This offering represents an opportunity to acquire a mid-rise office building with prime freeway visibility that offers near- and long-term significant upside.
 
The site is approximately 4.54 acres and includes a multi-story concrete garage for tenants and guests. The building’s garage is connected to the building providing direct access for employees and visitors thereby avoiding inclement weather. 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.