Hercules I & II
Houston, Texas
Property Overview
Stats
- Property Type Office - Office Building
- Building size (SF) 127,625
- Size (Ac) 8.68
- Class A
- Number of Stories 2
- Year Built/Renovated 1985/2018 & 2021
- Percent Leased 100%
- Parking 4.52/1,000
- Submarket NASA/Clear Lake
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.
Building amenities
Two atrium buildings with skylights in the lobby
Beautifully landscaped courtyard setting
Large artistic sculpture between buildings
Security System
Card key access system
Ample parking
