Value-Add Office Investment Opportunity
Office | 7.82% CAP | 57,939 SqFt
Marketing description
One Harbour Square is a value-add investment opportunity priced well below replacement cost, one that offers a future owner a solid cap rate at the building’s current occupancy with the potential of a double-digit return once the property achieves higher than 80% occupancy. The building is a well located, Class B, atrium style professional office building that has historically maintained an occupancy at or above other comparable buildings in the greater Clear Lake market. The site offers its tenants upscale finishes, prominent signage opportunities, an abundance of parking, and excellent access to all the area’s most heavily traveled roadways and attractions.
Investment highlights
The building is currently occupied by a diverse mix of regional and national tenants whose services include real estate development, property, casualty and title insurance, logistics, legal, financial and estate planning, home health care, medical, and industrial construction, repair and maintenance.
The subject site is located midway between Downtown Houston and Galveston in League City, Texas, a city that routinely ranks amongst the best places to live and work in the United States. The building is strategically situated in South Shore Harbour, a highly sought after master-planned community constructed on the south side of Clear Lake that includes a heavy concentration of residential and commercial development, including but not limited to, a hotel and conference center, 1,000 slip marina, fitness center, 27 hole country club, more than 500,000 square feet of office space, upscale multi-family and assisted living communities, and an abundance of local and national retailers, big box users and restaurants. The area is highly educated with an employment base that centers around the aerospace, medical, transportation, and petrochemical industries.
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