One West Belt
Houston, Texas
Building
Stats
- Property Type Office - Office Building
- Year built 1982
- Building size (SF) 100,689
- Size (Ac) 6.36
- Price $8,000,000
Overview
Building Amenities
Beautiful granite lobby entrance On-site security guard station Security system Controlled access system Vending machine area Covered/controlled access parking available On-site management Manicured landscaping Owner/user investment opportunity • Currently 66.9% occupied by 36 tenants with an average lease size of +/- 1,840 SF. • Over $450,000 in Capital Improvements since 2021, including new roof and HVAC updates (chiller and coil replacement). • Strong re-lease potential as indicated by new leases and renewals since 2020, averaging over three-year terms. • Immediate upside with lease up of many second-generation spaces, little need for additional buildout. • Assured cash flow growth through contractual rent increases in most leases. • Strong, diversified tenant base among industries, such as communications, healthcare, legal, and real estate.