Houston Flex Space on 9.22
For Sale
Contact for pricing
7020-7051 Portwest Drive, Houston, TX
Flex space in Houston near major transportation and business centers.
Property SizeContact for details
Lot Size9.22 Acres
Days on Market1280
Property Features for 7020-7051 Portwest Drive
General Information
Standard status
Active
Lot size
9.22 Acres
Property subtype
INDUSTRIAL
Listing Agency:
CBRE, Inc.
(713) 840-6500
Listed By:
Michael Palmer
(713) 840-6500
Source:
Moodyscre
Added: Feb 7, 2023
Changed: Aug 8
Last Checked: Aug 8 at 12:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc.
Investment Insights
Based on property information with market context.
This property features approximately 149,399 square feet of flex space distributed across four buildings, situated on approximately 9.22 acres. The property is divisible into two parcels. It is located a quarter mile from the Katy Transit Center and rapid bus lines to the Galleria/Uptown area, offering convenient access to Interstate 10, Loop 610, and US 59. The location is also 1.5 miles from Memorial Park & Arboretum, a parkland with over 30 miles of hike and bike trails, a jogging path, sports fields, and a PGA golf course that attracts approximately 4 million visitors annually. A $150 million renovation of the park is underway. The property benefits from its proximity to major retailers, restaurants, entertainment venues, and customer services in the Memorial Corridor, Heights, Galleria/Uptown, Montrose, and Spring Branch areas. It is positioned just north of the Galleria/Uptown District, which is described as the 15th largest business center in the US, hosting over 2,000 companies and approximately 26 million square feet of commercial office space. All tenant leases expire within 12 months and/or are terminable with advance written notice for a redevelopment project. The property is located at the confluence of highest/best use redevelopment and appreciating property values.
Key Highlights
- ±149,399 SF of flex space on ±9.22 acres, divisible into 2 parcels.
- Prime location within the near westside transportation network, providing quick access to major highways and public transit.
- Proximity to Memorial Park & Arboretum (1.5 miles), a major Houston attraction.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kosher Private Chef Houston TX — 1255 N Post Oak Rd #2102, Houston, TX 77055
- EventCateringHouston.com — 1217 W Loop N Fwy #170, Houston, TX 77055
Frequently Asked Questions
What type of property is this?
Flex space - Flex space in Houston near major transportation and business centers.
Where is this flex space located?
The property is located at 7020-7051 Portwest Drive Houston, TX.
What are key features of this property?
This property features: ±149,399 SF of flex space on ±9.22 acres, divisible into 2 parcels.; Prime location within the near westside transportation network, providing quick access to major highways and public transit.; Proximity to Memorial Park & Arboretum (1.5 miles), a major Houston attraction.
