15311 Vantage PkwyHouston, TX 77032

For Sale
$1,750,000

Two Bldgs, 230K SF, High NOI Potential

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a portfolio of two Class B office buildings totaling approximately 230,314 square feet, situated on 10.75 acres of fee simple land in Houston, Texas. The property, located at 15311 and 15355 Vantage Pkwy W, features two three-story buildings constructed in 1980 and 1983, respectively. Currently boasting 63% occupancy, the portfolio offers significant value-add potential through lease-up. Building amenities include newly renovated lobbies and a deli in one building, along with reserved and covered parking, conference centers, interior balconies, and a tenant lounge. The buildings are strategically located in the Intercontinental Business Park, offering convenient access to major freeways including I-45 North, Sam Houston Parkway (Beltway 8), and the Hardy Toll Road, providing easy connectivity to George Bush Intercontinental Airport, The Woodlands, and downtown Houston. The property's strong location within a densely populated area with high average household income further enhances its investment appeal. The current Net Operating Income (NOI) is $777,000, with an asking price of $1,750,000. The occupancy date is October 1, 2024. This auction presents a compelling opportunity for investors seeking a strong return on investment in a prime Houston location.

Highlights

  • $1,750,000 starting bid; Auction November 18-20, 2024; 71% occupied; $832,000 T12 NOI; 15311 & 15355 Vantage Pkwy W.
  • Two-building office portfolio totaling ±230,314 square feet.
  • 15311 Vantage Pkwy W: 60% occupied, 118,461 square feet, $440,000 T12 NOI (August 2024).
  • 15355 Vantage Pkwy W: 82% occupied, 111,853 square feet, $392,000 T12 NOI (August 2024).
  • ±10.75 acres; Situated along Sam Houston Tollway (≈141,000 VPD) near Hardy Toll Road (≈64,000 VPD).
  • Located in densely populated area; Serves ≈197,632 people within a 5-mile radius, average household income ≈$51,203.

Property Details for 15311 Vantage Pkwy

Property type
Other office properties, Office properties
Square Feet
230,314 SF
Class
B
Buildings
2
Stories
3
Lot Size (sq. ft)
468,270 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.9402849
Longitude
-95.3670485
15311 Vantage Pkwy, Houston, Texas

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15311 Vantage Pkwy
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