12000 Aerospace
Houston, Texas
Property Overview
Stats
- Property Type Office - Office Building
- Building size (SF) 79,783
- Size (Ac) 8.09
- Class B
- Number of Stories 4
- Year built 1990
- Percent Leased 95.1%
- Parking 5.75/1,000
- Submarket NASA/Clear Lake
Stabilized investment opportunity
Currently 95.1% leased by nine tenants with a remaining weighted average lease term of +/- 2.34 years.
Strong lease-up potential as indicated by new leases, renewals, and/or expansions signed for all tenants since 2018.
Assured cash flow growth through $0.50 PSF contractual rent increases in all leases.
Significant capital improvements of over $590,000 completed since 2017, including a roof replacement in 2020.
Building amenities
Beautiful granite lobby
Recently updated common area finishes
Card key access system
Separate freight elevator with loading dock
Outdoor green space with picnic area, patio games and seating
Gated, abundant tenant parking with covered parking available
Team
Project Coordinator, Capital Markets
Avison Young - US - TX - Houston
+1 832 746 7909
