1300 Hercules AveHouston, TX 77058

For Sale
Call for price

Class A Office Investment, 95% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional stabilized office investment opportunity encompasses two Class A buildings totaling 127,625 square feet, situated on an 8.68-acre lot in Houston, Texas's desirable NASA/Clear Lake submarket. The property, known as Hercules I & II, features two two-story atrium buildings constructed in 1985 and extensively renovated in 2018 and 2021, boasting $3 million in recent improvements to lobbies, common areas, and landscaping. The complex includes a beautifully landscaped courtyard, a large artistic sculpture, and ample parking (4.52 spaces per 1,000 sq ft). Security features include a security system and card key access. Hercules II is fully occupied by Axiom Space, Inc., a significant tenant constructing the world's first commercial space station. Hercules I is 95% occupied, with JSC/Welby leasing 54.12% until November 2029, and the remainder occupied by a diverse mix of strong tenants. The property demonstrates strong re-lease potential, evidenced by recent lease renewals, expansions, and new leases signed since June 2019. Assured cash flow growth is ensured through contractual rent increases across all leases. This prime location offers a compelling investment opportunity with significant upside potential. The address is 1300 & 1290 Hercules Ave., Houston, TX 77058.

Highlights

  • Two atrium buildings with skylights in the lobby.
  • Beautifully landscaped courtyard with large artistic sculpture.
  • Security system with card key access.
  • Ample parking.
  • 95% occupancy in a desirable NASA/Clear Lake office submarket; Hercules II is 100% occupied by Axiom Space, and Hercules I is 54.12% leased to JSC/Welby (expiring November 2029) with diverse remaining tenants.
  • Strong lease renewal and expansion activity since June 2019.

Property Details for 1300 Hercules Ave

Property type
Other office properties, Office properties
Square Feet
127,625 SF
Class
A
Year Built
1985
Buildings
2
Stories
2
Lot Size (sq. ft)
378,101 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.5566735
Longitude
-95.1108825
1300 Hercules Ave, Houston, Texas

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1300 Hercules Ave
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