Cheri Mascitelli - Commercial Real Estate Showcase

Cheri Mascitelli Property Listings
Agent
Ten-X, LLC
1 Mauchly
Irvine, CA 92618-2305
(305) 537-9318
(949) 457-3194


DetailMap
16800 Imperial Valley Drive - Imperial 20

Houston, TX 77060-3159 - Greenspoint/N Belt West Submarket

(3.2 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:1981
Stories:4 Typical Floor:28,034 SF Building Size:112,136 SF
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:677 SF Largest Space:27,710 SF Total Space Avail:76,887 SF Rent/SF/Yr:
$12.50
Parking:Free Surface spaces are available; 45 Covered spaces are available; 103 Reserved spaces @ $25.00/mo; Ratio of 3.41/1,000 SF Amenities:Atrium, Controlled Access, Conferencing Facility, On Site Management, Restaurant, Security System


16800 Imperial Valley, with its convenient location, manicured landscaping and great amenities, is an ideal setting for any business. The landscaped atrium provides a welcoming, professional atmosphere to clients and guests while other building amenities include an on-site deli, a convenient conference room for larger meetings and ample reserved covered parking.

BUILDING FEATURES:
- New roof
- Full service building
- Tenant conference room
- On-site management
- On-site maintenance
- On-site security
- Overnight Fed-Ex & mail drop boxes
- Covered/Reserved parking
- 24 hour card key access
- Deli

Conveniently located at the corner of Imperial Valley and Benmar, this building offers easy access to Greenspoint Mall, George Bush Intercontinental Airport and many nearby lunchtime eateries.

Sale Notes:
The opportunity is a 112,136 gross sq. ft., four-story, Class C office building on 5.97 acres in the Greenspoint area of Houston, Texas. The Property is located at 16800 Imperial Valley Drive, situated at the signalized intersection along Imperial Valley Drive and Benmar Drive, minutes from Interstates 45 and 69. Built in 1981 and recently renovated in 2015, the 107,702 net rentable sq. ft. office building is currently demised into 32 suites spread out over four stories. The building is serviced by two elevators providing access to all floors. Amenities include atrium, conferencing facility, controlled access, on-site management, restaurant, and security system. The average daily traffic count on Imperial Valley Drive, at the cross street of Benmar Drive, exceeds 16,800 vehicles. The Property currently has approximately 374 parking spaces at a ratio of 3.4 spaces per 1000 sq. ft.

The Property is conveniently located in the prime area of Greenspoint on Imperial Valley Drive and is located less than 1.5 miles from Interstate 45 and 6.8 miles from Interstate 69. The Houston CBD is located approximately 16 miles south and George Bush Intercontinental Airport is only nine miles northeast. Surrounding land uses include residential properties to the north; a mix of residential, industrial, office, and retail to the west; and industrial, office and retail properties to the south and east. The area’s demographics include an estimated 2017 population of 90,237 people with an average household income of $44,372 within a 3-mile radius of the Property.

Major businesses in the area include Savannah Oil & Gas, Newfield Exploration, Patterson-UTI Energy, Inc., Halliburton, Sysco Corp., and Data Foundry. Other businesses include Archrock Compression Services, Mid Atlantic Financial Company, Top Gun Security and Investigations, Amegy Bank, Hilton Houston North, Houston Marriott North, and US Citizenship and Immigration Services. Local amenities include Tom Wussow Park, Ida Gaye Gardens, City View Park, Starbucks, McDonalds, Burlington Coat Factory, Jack in the Box, Waffle House, and Jimmy G’s Cajun Seafood.

The most recent NOI for the period ending December 2016 was $440,177 with a Year One As-Is NOI estimated at $334,870. This investment offers potential upside with the opportunity to lease 51,082 sq. ft. at vacant market rates in the prime area of Greenspoint.
v

Moody Rambin
Zack Taylor
(713) 373-0349

  
Ten-X, LLC
Cheri Mascitelli
(305) 537-9318

Ten-X Commercial
(800) 793-6107




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