480 North Belt
Houston, Texas
Property Overview
Stats
- Property Type Office - Office Building
- Building size (SF) 101,510
- Size (Ac) 4.69
- Class B
- Number of Stories 3
- Year Built/Renovated 1982/2008
- Percent Leased 18.80%
- Parking 3.43/1,000
- Submarket Greenspoint/N Belt West
Owner/user investment opportunity
Data center investment opportunity
• Nearly vacant building (currently 18.80% occupied) that can quickly be developed into a +/- 3.5 MW data center with potential to grow to +/- 8.5 MW, with significantly reduced lead times compared to ground-up construction.
• Existing power infrastructure and building systems significantly reduce capital expenditure versus new development, accelerating the path to stabilized returns.
• Opportunity to acquire an almost vacant asset at a discount to replacement cost and unlock value through conversion into a high-demand use.
• Well-suited for a variety of high-value alternative uses including a corporate campus, call center, or other commercial applications, offering investors multiple exit and leasing strategies
• Over $175,000 in capital improvements since 2020, including roof and HVAC improvements and building renovations.
