713-452-4358
24624 Interstate 45, Spring, TX for Sale
Office - FOR SALE
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24624 Interstate 45
Spring, TX 77386
Porter Heights/Woodbranch


HIGHLIGHTS

  • Assumable loan of 3.99% (subject to lender approval)
  • Submarket (The Woodlands) vacancy is only 11.52% vs Houston MSA’s 25.8%
  • The Woodlands leads Houston submarkets with 435k SF net absorption and a $35.54/SF average asking rent over the past 12 months
  • Strong demand: The Woodlands attracts Fortune 500 companies, healthcare/tech/professional services, supported by a diverse and resilient local economy
  • Excellent visibility and access with over 237,212 daily traffic count (source: txdot.gov)
  • Strong local demographics: 2024 average household income within 5 miles is $134k, with ~17% of households earning over $200k

OVERVIEW

Marcus & Millichap, as the exclusive representative, is pleased to present the opportunity to acquire 24624 Interstate 45 – also known as Woodlands 45 Corporate Center – a premier two-story Suburban Class A office building totaling approximately 63,374 rentable square feet situated on 5.24 acres in Spring, Texas which is adjacent to the top-tier community known as The Woodlands, Texas (Houston MSA). Constructed in 2008 and designed for corporate tenants, the modern building with flexible floor plans is 100 percent leased with 11 suites ranging from ±2,500 square feet to ±15,000 square feet. With a concrete tilt-up exterior and curtain-wall glass systems on the exterior, the building’s interior has high-quality finishes and energy-efficient systems. It features a flow-through common area lobby with partial two-story clerestory atrium. There are three stairwells for efficient multi-tenant demising as well as prominent building and tenant signage available, visible to I-45 both northbound and southbound. The property offers a generous 388 surface parking spaces (6.00:1000 square feet) and has been under stable long-term ownership by the original developer, ensuring consistent upkeep and management. The Woodlands 45 Corporate Center is approximately 25 miles from George Bush Intercontinental Airport (IAH) which is 25 to 30 minutes in light traffic. The Woodlands is one of the most prestigious master-planned communities in the U.S., located just north of Houston. The area is known for its dense corporate presence, high-income demographics, and exceptional live-work-play environment. With over 28,000 acres of integrated high-end residential, luxury retail, top-tier schools and commercial development, The Woodlands offers unmatched connectivity and lifestyle appeal. This economic base, benefiting from ongoing development and infrastructure investment in the area, supports a steady demand for high-quality office space, especially from corporate headquarters and regional offices. The Woodlands Area is home to a variety of leading companies, including ExxonMobil (USA Headquarters), McKesson Specialty Health, Alight Solutions, Occidental Petroleum Corporation, Chevron Phillips Chemical Company, Huntsman Corporation, Repsol USA, Houston Methodist The Woodlands, Memorial Hermann The Woodlands Medical Center, and CHI St. Luke’s Health – The Woodlands Hospital. Additionally, ExxonMobil manages an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. All these companies enhance the prestige and stability of the property, attracting tenants who value proximity to a major corporate hub. As well as demand and infrastructure quality, this also boosts long-term property value, making the location appealing to investors. This rare opportunity offering delivers a strong return, outperforming the market average, and presents a compelling stabilized play for investors and owner-occupiers seeking above market returns in a stable, income-producing asset.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Woodlands 45 Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

388

LAND DETAILS

LAND ACRES

5.24 AC

LAND SF

228,254 SF

ZONING

-

APN/PARCEL ID

0191-00-01400

ASK ABOUT THIS PROPERTY

Justin ComberMarcus & MillichapMore Info
713-452-4358

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Justin ComberMarcus & MillichapMore Info
713-452-4358

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