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Maritime Center - Houston, TX

Maritime Center - Houston, TX

$0.00Price

523 N Sam Houston Pkwy E, Houston, TX 77060

Rentable Bldg Area:  80,334 SF

Land Area: 114,750 SF

Year Built/Remodeled: 1979/1989

 

 

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  • Investment Highlights

    INCLUDES SURFACE AND COVERED PARKING

    Boasting a generous parking ratio of 3.96/1,000 SF, this parcel combines both covered and open parking stalls, ensuring convenience for all tenants.

    VALLUE-ADD OPPORTUNITY 

    Near-term value add potential with small suite sizes readily available to private professionals.

    ACQUIRE BELOW REPLACEMENT

    Opportunity to acquire a well located and versatile office asset for well below replacement costs.

    STRATEGICALLY LOCATED

    Positioned along Beltway 8 with a traffic count of nearly 160,000
    vehicles per day, the property capitalizes on Houston’s extensive
    transportation network offering unparalleled accessibility for
    tenants.

    QUALIFIED OPPORTUNITY ZONE

    Designated as a Qualif ied Opportunity Zone, this property
    presents unique tax adv antages for qualified investors.

  • Investment Overview

    Marcus & Millichap and RI Marketplace are pleased to offer for
    sale the fee simple interest in the Maritime Center, a ±80,334 SF,
    multi-tenant office building located at 523 N Sam Houston Pkwy E
    in Houston, TX. This offering represents an opportunity to acquire
    a value-add office center with prime positioning in the market and
    near-term potential for significant upside. The property was built
    in 1979 with renovation in 1989 and sits on a 2.63 acr e lot with
    ample parking and covered stalls.


    The building currently sits vacant with flexibility in the approach to
    refill tenancy. The layout offers executive-suite style potential with
    ~130 individual spaces suited for private professionals, or for larger tenants looking to occupy an entire floor at a time. The building has approximately 68,000 rentable square feet with a shared lobby and elevator.


    The property is strategically located in the North Belt just 10
    minutes from the George Bush Intercontinental Airport, and
    conveniently positioned between corporate campuses, shopping
    centers, and hotels catering to business travel. It’s situated at the
    intersection of two major freeways and has access to the Hardy
    Toll Road, which is integral to travel and commerce in the North
    Houston submarket.

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