4.5 Acres of Land in Houston Energy Corridor

Marcus & Millichap is pleased to exclusively offer for sale a 4.5 acre tract of undeveloped land, located at the Northeast Quadrant of Interstate 10 and Highway 6 North in Houston, Texas.

This Energy Corridor offering allows an investor to purchase a an irreplaceable parcel in one of Houston’s most desirable submarkets. The parcel has excellent dimensions, with tract depths ranging from 330 feet to 425 feet by 940 feet. The exclusive offering is located adjacent next to the Addicks Park & Ride, a
28-acre tract, which is positioned for a major community development.

The Energy Corridor is the second-largest employment center in the region, with nearly 100,000 employees and over 300 companies present in the submarket. Many energy sector companies have major operations in the Energy Corridor, including BP America, Citgo, ConocoPhillips, Nouryon and Shell Oil Company. Non-energy firms also have a presence: Sysco and Gulf States Toyota Distributors are both headquartered in the district.

The two adjacent office buildings (14511 Old Katy Road and 14521 Old Katy Road) are currently a part of the same parcel as the 4.5-acre subject property. Currently, the detention for the two office buildings is situated on approximately 14,000-15,000 square feet at the Northeast Corner of the subject 4.5-acre property. A required sale condition is that a solution must be agreed upon to provide sufficient detention for the adjacent two office buildings. Two possible solutions are: 1) carve out the detention pond land (~15,000 square feet) and purchase approximately 181,000 square feet of land from Seller and provide Seller with necessary easements that will allow for the connection of the detention pond to the office buildings, or 2) Buyer may purchase the entire 4.5 acre tract and shall build detention (in addition to the requirements for Buyer’s own development) to sufficient meet all detention requirements for the adjacent parcel of two office buildings.