Multi-Building Flex Space
For Sale
Contact for pricing
7020-7051 Portwest Drive, Houston, TX 77024
Flex space campus with four buildings, divisible into two parcels, offering near West Loop transportation access and redevelopment flexibility.
Property Size149,399 SF
Lot Size9.22 Acres
Days on Market1270
Property Features for 7020-7051 Portwest Drive
General Information
Standard status
Active
Size
149,399 SF
Lot size
9.22 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
CBRE, Inc.
(713) 840-6500
Listed By:
Michael Palmer
(713) 840-6500
Source:
Moodyscre
Added: Feb 7, 2023
Changed: Jul 25
Last Checked: Jul 30 at 2:33PM
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 flex space campus consists of four covered buildings totaling 149,399 SF on 9.22 acres, with the property divisible into two parcels. The listing presents a configuration designed for flexible occupancy scenarios, with lease timelines that support near-term transition; all tenant leases expire within 12 months and/or are terminable with advance written notice for a redevelopment project.
Situated within the near westside transportation network, the property is about 1/4 mile from the Katy Transit Center and offers rapid bus lines to the Galleria/Uptown area. Access is described as quick to I-10, Loop 610, and US 59, with a direct exit from I-10 to Old Katy Road that ends at the WestPort entry point.
The property also benefits from proximity to Memorial Park & Arboretum and the Memorial Corridor, Heights, Galleria/Uptown, Montrose, and Spring Branch areas, which the remarks cite as concentrations of major retailers, restaurants, entertainment, and other customer services.
Situated within the near westside transportation network, the property is about 1/4 mile from the Katy Transit Center and offers rapid bus lines to the Galleria/Uptown area. Access is described as quick to I-10, Loop 610, and US 59, with a direct exit from I-10 to Old Katy Road that ends at the WestPort entry point.
The property also benefits from proximity to Memorial Park & Arboretum and the Memorial Corridor, Heights, Galleria/Uptown, Montrose, and Spring Branch areas, which the remarks cite as concentrations of major retailers, restaurants, entertainment, and other customer services.
Key Highlights
- 149,399 SF of flex space across 4 buildings on 9.22 acres, divisible into 2 parcels
- Embedded in the near westside transportation network: 1/4 mile to Katy Transit Center and rapid bus lines to the Galleria/Uptown area
- Quick access to I‑10, Loop 610, and US 59, with a direct exit from I‑10 to Old Katy Road to the WestPort entry point
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77024, TX
39,565
Population
18,599
Households
2.1
Avg Household Size
43
Median Age
76%
College-Educated
98%
High-School Grad
13.0 sq mi
ZIP Area
3,043
Density / Sq Mi
$142,039
Median Household Income
$79,144
Median Earnings
$1,796
Median Rent
$1,164,400
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space campus with four buildings, divisible into two parcels, offering near West Loop transportation access and redevelopment flexibility.
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 across 4 buildings on 9.22 acres, divisible into 2 parcels; Embedded in the near westside transportation network: 1/4 mile to Katy Transit Center and rapid bus lines to the Galleria/Uptown area; Quick access to I‑10, Loop 610, and US 59, with a direct exit from I‑10 to Old Katy Road to the WestPort entry point
