Commercial Office and Retail Building, Gulf Freeway, Houston, TX
DEVELOPMENT TYPE: COMMERCIAL BUILDING
STATUS: IN PORTFOLIO
The property is located on Interstate 45 South, and is strategically located in between the Houston Central Business District and the Clear Lake area. It sits just south of the Sam Houston Parkway on the west side of Interstate 45, between Scarsdale Boulevard and Dixie Farm Road.
The building was acquired in 2007. It is a Class B building with a Class A tenant, which is Wells Fargo. The property is under a NNN lease with Wells Fargo until December 31, 2012. The tenant is fully responsible for all operating responsibilities, maintenance, taxes and insurance. The total lot size is 2.83 acres with a built up area of 31,750 square feet. There is a parking facility of 87 spaces, including 8 covered spaces.