1331 Gemini Avenue, Houston, TX 77058
RealINSIGHT Marketplace and Transwestern are pleased to present the opportunity to acquire the 1331 Gemini building located at 1331 Gemini Ave, Houston, TX. This strongly positioned Property, built in 1985, is comprised of a 59,628 square foot office building and features three-story construction, a 5.0/1,000 SF parking ratio with covered/uncovered parking and easy access to the area’s main corridors. At 75.25% occupancy as of September 2017, the Property offers steady cash flow in an established office market. The offering of 1331 Gemini provides potential investors with additional upside through lease up of existing vacancies and targeted reletting as well as the ability to undertake discretionary capital improvements to further unlock an exceptional value add opportunity.
1331 Gemini is located just off the highly trafficked Interstate 45 South and directly accessible to Bay Area Blvd. which is a primary east-west corridor in the NASA/ Clear Lake submarket. The NASA/Clear Lake submarket is a dynamic employment center consisting of over 6 million SF of office space and is underpinned by the $1.5 billion, 1,620 acre NASA Lyndon B. Johnson Space Center (JSC) complex with a workforce of nearly 10,000 employees. Additionally, the Property is located in close proximity to Houston's primary economic and employment generators including the Port of Houston and Houston Ship Channel which contribute over 1 million jobs and generate more than $265 billion in statewide GDP.
Auctioneer: MCAI Brokerage Michael Carr - License No.: AUC-16354
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
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