575 N Dairy Ashford
Top Tier II Office Asset | Significant MTM Upside & In-Place Yield | Energy Corridor | Houston, TX
Marketing description
JLL Capital Markets is pleased to present the exclusive opportunity to acquire a 100% fee simple interest in 575 N Dairy Ashford (the "Property"), a premier Class-AA office tower in Houston's dynamic Energy Corridor. Anchored by the global headquarters of Baker Hughes, the 306,721-square-foot, LEED Gold certified building is 99.2% leased to a diverse tenant roster. The Property is part of the Energy Center office developments within the Energy Corridor, currently at 98% occupancy across all five properties.
The Property benefits from exceptional leasing momentum and a powerful market backdrop. The Energy Corridor has recorded nearly 11 million square feet of leasing since 2022, driving significant rent growth and declining vacancy. This strong demand for well-amenitized, institutional-quality assets positions 575 N Dairy Ashford to capture substantial rental upside, with its in-place rents currently 38% below market rates. This growth potential is further supported by a limited development pipeline and a competitive set that is 93.2% leased.
Investment highlights
- WORLD-CLASS DESIGN AND QUALITY
- MARKET LEADING SUSTAINABILITY
- INSTITUTIONALLY DEVELOPED, OWNED, & MAINTAINED
- WELL OCCUPIED ASSET WITH ROBUST LEASING MOMENTUM
- ATTRACTIVE IN PLACE YIELD WITH RISK ADJUSTED RETURNS
- INDUSTRY LEADING INVESTMENT GRADE ANCHOR TENANT
- STABLE CASH FLOW WITH UPSIDE VIA MARK-TO-MARKET
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