713-515-5001
1300 Hercules Ave, Houston, TX for Sale
Office - FOR SALE
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1300 Hercules Ave
Houston, TX 77058
Clear Lake


OVERVIEW

Stabilized investment opportunity • 100% occupied Class A office building in an attractive office submarket of NASA/Clear Lake. • JSC/Welby leases 54.12% of Hercules I with a November 2029 lease expiration. The remainder of Hercules I is occupied by a diverse mix of strong tenants. • Strong re-lease potential as indicated by new leases, renewals, and expansions signed for all tenants since June 2019. • Assured cash flow growth through contractual rent increases in all leases. • Recently renovated improvements to the lobby, common areas, and outdoor green space.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hercules I

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

4.34 AC

LAND SF

189,050 SF

ZONING

None

APN/PARCEL ID

1156000000003

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Darrell L. BettsAvison YoungMore Info
713-515-5001

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Darrell L. BettsAvison YoungMore Info
713-515-5001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.