17300 Saturn LnHouston, TX 77058

For Sale
Call for price

Houston Creative Office Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
93
This Houston, Texas creative office complex, located at 17300 Saturn Ln, 77058, offers 25,238 square feet across a two-story building on a 70,772 square foot lot. Situated at the hard corner of Saturn Lane and Hercules Ave, it boasts excellent visibility on a high-traffic thoroughfare. Currently 85% occupied with local tenants, this Class C property presents a compelling value-add investment opportunity with a 10% cap rate. The gross lease structure and well-maintained building, including landscaping, contribute to its strong performance. The property benefits from its proximity to the NASA Johnson Space Center and Clear Lake Medical Center, ensuring consistent demand. Rents are currently below market rate, offering significant upside potential for the investor. The occupancy date is May 8, 2024. This multi-tenant property is a strong addition to any portfolio.

Highlights

  • 25,238 SF Class C creative office building on a 70,772 SF lot in Houston, TX (77058).
  • High-visibility corner location at Saturn Ln & Hercules Ave, a high-traffic thoroughfare.
  • 85% occupancy with below-market rents, offering significant upside potential and a 10% cap rate.
  • Excellent location near NASA Johnson Space Center and Clear Lake Medical Center, ensuring strong tenant demand.
  • Well-maintained building with attractive landscaping and a gross lease structure.

Property Details for 17300 Saturn Ln

Property type
Other office properties, Office space
Square Feet
25,238 SF
Class
C
Buildings
1
Stories
2

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.558663224084
Longitude
-95.110120399218
17300 Saturn Ln, Houston, Texas

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17300 Saturn Ln
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