Energy Corridor Offices

Marcus & Millichap is pleased to exclusively offer for sale two Class A, boutique office buildings totaling 63,000 square feet, located at the Northeast Quadrant of Interstate 10 and Highway 6 North in Houston, Texas.

This Energy Corridor offering allows an investor to purchase an irreplaceable parcel in one of Houston’s most desirable submarkets. The exclusive offering is located adjacent to the Addicks Park & Ride, a 28-acre tract, which is positioned for a major community development.

The office buildings are stabilized with approximately 86 percent of its units leased. An investor may increase current revenues by increasing below-market rents and filling vacancies. Notable tenants include Mitsubishi (with a long-term lease through 2032), Columbia Brands USA, and many tenants in the oil & gas, engineering, and medical fields. The property’s high-quality tenants are stable, quiet, and not overly represented by any one tenant, which diversifies investor risk.

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.