15311 Vantage Pkwy Houston, TX 77032

Property Details for 15311 Vantage Pkwy

Year built

1980

Construction

STEEL FRAME

Lot size

5.83 lot acres

Property size

117,791 SF

Property type

Office buildings

APN

1147900000001

APU

1147900000001

Description

This exceptional investment opportunity presents a portfolio of two Class B office buildings totaling approximately 230,314 square feet, situated on 10.75 acres of fee simple land in Houston, Texas. The property, located at 15311 and 15355 Vantage Pkwy W, features two three-story buildings constructed in 1980 and 1983, respectively. Currently boasting 63% occupancy, the portfolio offers significant value-add potential through lease-up. Building amenities include newly renovated lobbies and a deli in one building, along with reserved and covered parking, conference centers, interior balconies, and a tenant lounge. The buildings are strategically located in the Intercontinental Business Park, offering convenient access to major freeways including I-45 North, Sam Houston Parkway (Beltway 8), and the Hardy Toll Road, providing easy connectivity to George Bush Intercontinental Airport, The Woodlands, and downtown Houston. The property's strong location within a densely populated area with high average household income further enhances its investment appeal. The current Net Operating Income (NOI) is $777,000, with an asking price of $1,750,000. The occupancy date is October 1, 2024. This auction presents a compelling opportunity for investors seeking a strong return on investment in a prime Houston location.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.3671

Latitude

29.9404

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments