1300 Hercules Ave Houston, TX 77058-2770

Property Details for 1300 Hercules Ave

Year built

1984

Construction

STEEL FRAME

Lot size

4.35 lot acres

Property size

66,804 SF

Property type

Office buildings

APN

1156000000002

APU

1156000000002

Description

This exceptional stabilized office investment opportunity encompasses two Class A buildings totaling 127,625 square feet, situated on an 8.68-acre lot in Houston, Texas's desirable NASA/Clear Lake submarket. The property, known as Hercules I & II, features two two-story atrium buildings constructed in 1985 and extensively renovated in 2018 and 2021, boasting $3 million in recent improvements to lobbies, common areas, and landscaping. The complex includes a beautifully landscaped courtyard, a large artistic sculpture, and ample parking (4.52 spaces per 1,000 sq ft). Security features include a security system and card key access. Hercules II is fully occupied by Axiom Space, Inc., a significant tenant constructing the world's first commercial space station. Hercules I is 95% occupied, with JSC/Welby leasing 54.12% until November 2029, and the remainder occupied by a diverse mix of strong tenants. The property demonstrates strong re-lease potential, evidenced by recent lease renewals, expansions, and new leases signed since June 2019. Assured cash flow growth is ensured through contractual rent increases across all leases. This prime location offers a compelling investment opportunity with significant upside potential. The address is 1300 & 1290 Hercules Ave., Houston, TX 77058.