Northwest One
Houston, Texas
Building
Stats
- Property Type Office - Office Building
- Year built 1982
- Building size (SF) 126,775
- Size (Ac) 4.29
- Price $9,000,000
Overview
Building Amenities
6-story building with a two-story atrium style lobby On-site property management, engineering staff & guard service On-site banking with motor bank Attached parking garage Card key access system & security cameras Manicured landscaping Owner/user investment opportunity • Currently 56.63% occupied by 18 tenants with an average lease size of +/- 4,223 SF. • Immediate upside with lease up of many second-generation and spec suites, little need for additional buildout. • Strong re-lease potential as indicated by new leases and renewals since 2021, averaging over three-year terms. • Assured cash flow growth through contractual rent increases in most leases. • Strong, diversified tenant base among industries, such as banking, healthcare, legal, and logistics.