Stabilized investment opportunity
• 100% occupied by two Class A office buildings in an attractive office submarket of NASA/Clear Lake.
• Hercules II is completely occupied by Axiom Space, Inc., who is building the world’s first commercial space station. 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 with $3M in improvements to the lobby, common areas, and outdoor green space.