19747 Us-59 Humble, TX 77338
- Office Properties & Spaces
- 46,883 SF
- 2.81 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 19747 Us-59
- Year built
- 1982
- Lot size
- 2.81 lot acres
- Property size
- 46,883 SF
- Property type
- Office Properties & Spaces
Description
This exceptional value-add investment opportunity presents a four-story, 46,883 square foot Class B multi-tenant office building located at 19747 US-59 in Humble, Texas. Built in 1982 and extensively renovated in 2023, the property boasts an impressive 87.4% occupancy rate across twenty tenants, with a weighted average lease term exceeding 3.14 years. The building features an atrium-style lobby, a full-service bank, an eight-lane drive-up motor bank with a freestanding ATM, and a distinctive stair-step architectural design with balconies overlooking the freeway. Situated within the Class A Humblewood Shopping Center, the property offers ample parking and manicured landscaping. A significant advantage is the long-term lease with J.P. Morgan Chase Bank, extending through 2041, providing a stable anchor tenant. Further enhancing the investment potential are contractual rent increases of $0.50+ per square foot in 70% of the leases, ensuring assured cash flow growth. The 2.81-acre lot provides significant potential for future development or expansion. This property offers a compelling combination of strong current performance and significant upside potential for savvy investors. The building's location in Harris County, Texas, zip code 77338, provides easy access to major transportation routes.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Humble
- County
- Harris
- State
- Texas
- Longitude
- -95.27
- Latitude
- 30.003
