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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.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

1331 Gemini - Houston, TX

1331 Gemini Avenue, Houston, TX 77058

Sold

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 4.28 Acres
  • Year Built
  • 1985
  • Number of Floors
  • 3
  • Number of Buildings
  • 1
  • Parking Count
  • 298
  • Occupancy
  • 75.25%
  • Occupancy as of
  • Sep 12, 2017
  • Office Type
  • Suburban Office
  • Property Size
  • 59,628 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Cooperating Broker Fee Available!

    Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.