16000 Barkers Point Ln Houston, TX 77079

Property Details for 16000 Barkers Point Ln

Year built

1981

Lot size

2.12 lot acres

Property size

41,607 SF

Property type

Office Properties & Spaces

Property subtype

Office space

Description

Barkers Point Plaza, a two-story, 41,607 square foot Class B office building in Houston, Texas, presents a compelling investment opportunity. Located at 16000 Barkers Point Lane, this fee-simple property boasts a prime location, just one block north of Memorial Drive and Addicks Howell Road, with convenient access to Highway 6 South and I-10 West. The 2.12-acre L-shaped lot offers three ingress/egress points, including tenant monument signage at the Barkers Point Lane entrance. Built in 1981 and extensively renovated in 2016, the building features a well-appointed two-story atrium lobby, 52 reserved covered parking spaces, and a multi-tenant occupancy of approximately 80.6%. Recent capital improvements exceeding $475,000 include a new fire alarm system, reserved carport parking, updated sidewalks, HVAC replacement, modernized restrooms, EMS HVAC controls, lobby and hallway renovations, and a new roof. The property's strong historical occupancy (averaging approximately 93% from 2018-2023) and small average tenant size (approximately 1,300 square feet) minimize downside risk. The asking price is $4,950,000, representing a pro-forma cap rate of 6.99% and a price per square foot of $124.98. Numerous nearby restaurants add to the property's appeal. This well-maintained asset, owned by the same family for nearly 25 years, offers a positive cash flow and is ideal for owner-users or investors seeking a value-add opportunity in a thriving West Houston location.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.6426

Latitude

29.7769