3420 Rusk St - Loft/Creative Space FOR SALE


Houston, TX 77003- EaDo
$4,750,000 USD
713-677-2376
3420 Rusk St, Houston, TX for Sale
$4,750,000 USD
Loft/Creative Space - FOR SALE
1/11
null | 8.1% Cap Rate

3420 Rusk St
Houston, TX 77003
EaDo


HIGHLIGHTS

  • Property type: Office / retail workspaces
  • Tenancy: Office, retail, commercial workspaces, flex
  • Warehouse built: 1967; Renovated: 2017
  • Parking: Ample surface parking

OVERVIEW

Colliers is pleased to exclusively present for sale to qualified investors the opportunity to acquire 100% fee simple interest in the 3420 Rusk St, Houston, Texas located in Houston’s famous EaDo District. This East Houston Community is a growing part of the city offering a well-planned, high quality community combining entertainment, dining, residential and commercial development. Major employment centers are located nearby as well as many of the city’s sports complexes.  The property consists of approximately 30,627 SF of a one (1) story building offering creative workspaces ranging from 150 to 3,800 SF. The professionally renovated property sits on a full block consisting of ± 1.4357 acres of land.  Investment Highlights • Strategically located in East Houston and the EaDo District. This area continues to see new residential and commercial development resulting in thriving businesses, entertainment, and Houston’s art community. • Professionally renovated property resulting in a perfect location and lease space configuration for tenants desiring creative and flexible workspaces for office, retail, artist, and incubator type uses. The property offers attractive common areas, ample surface parking. • Tenant demand for these lease spaces has historically been strong. Opportunity for attractive rent growth. • Excellent visibility and access for tenants and visitors. • Professionally managed and well-maintained tenant and common areas. • Property encompasses a full block offering future development possibilities.  Stories: One (1) story Total RSF: ± 30,627 SF Land area: ±1.4357 acres Construction: Metallic Not in a flood zone Tenancy: Office, retail, commercial workspaces, flex Occupancy: 89% Parking: Ample surface parking Building built: 1960; Renovated: 2017 Warehouse built: 1967; Renovated: 2017 Confidentiality Agreement https://colliershouston.s3.us-east-2.amazonaws.com/CDW/Confidentiality_and_Non-Disclosure_Agreement_3420_Rusk_St_Houston_TX.pdf

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eado Workspaces

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

N/A

APN/PARCEL ID

1395800010001

ASK ABOUT THIS PROPERTY

713-677-2376

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713-677-2376

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