832-981-4870
1800 Bering Dr, Houston, TX for Sale
Office - FOR SALE
1/13
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1800 Bering Dr
Houston, TX 77057
Uptown Houston


HIGHLIGHTS

  • 1800 Bering Drive is located in one of Houston’s thriving retail and entertainment hubs and is peppered with popular eateries and shopping options.
  • Best-in-class on-site amenities, including a grab-and-go market and tenant lounge, and 24-hour card key access with a security guard.
  • Located in the Uptown/Galleria Submarket, anchored by prestigious ownership, and among Houston’s most affluent residential neighborhoods.
  • Significant capital investment at a competitive basis with stable in-place cash flow and a diverse rent roll, mitigating against industry cycles.

OVERVIEW

JLL Capital Markets, as the exclusive advisor, is pleased to present the opportunity to acquire 1800 Bering Drive, a modernized boutique office building located within the San Felipe/Voss submarket of Houston, Texas, near the Galleria/Uptown. The 10-story office building measures 171,510 rentable square feet and is currently 83.2% leased to a diverse collection of tenants with a remaining lease term of 4.5 years. 1800 Bering Drive is situated in the heart of Houston’s most affluent residential neighborhoods, including Tanglewood, the Memorial Villages, and River Oaks, which are home to many influential decision-makers. Just outside the Galleria/Uptown, the office is minutes away from rich amenities without tenants having to endure daily congestion. 1800 Bering Drive is surrounded by 610 West Loop, Interstates 10 and 59, providing premier connectivity to Houston’s employee base in any direction. The near-stabilized occupancy and significant capital improvements by the current owner present a unique opportunity to acquire an exceptionally high-quality infill boutique office asset with an attractive in-place yield and tangible upside at a highly competitive basis.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1800 Bering

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

10

BUILDING CLASS

A

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

None

APN/PARCEL ID

0681070000020

ASK ABOUT THIS PROPERTY

832-981-4870

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832-981-4870

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